In the golden age of DeFi experimentation, Strike Finance emerged as a promising protocol with ambitions to rival Compound and Aave. Its governance token, STRK, soared to nearly $70, buoyed by early optimism and speculative momentum. Fast forward to 2025, and STRK trades at a fraction of a dollar — a ghost of its former self. This article explores the rise and rapid unraveling of Strike Finance, and what its collapse reveals about the fragility of token-driven ecosystems. Strike launched in m...
