Starknet (STRK) is 16.8× the size of Tokamak Network (TON) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 272 shared trading days). STRK has been the more volatile of the two, at 143% annualised against TON's 88%.
TONSTRK
0.41over 272 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | TON | STRK |
|---|---|---|
| Max drawdown (400d) | -58.0% | -91.0% |
| Risk-adjusted return (90d) | 0.28 | 0.33 |
| Best 30 days (past year) | — | +329.9% |
| Worst 30 days (past year) | — | -66.4% |
Relative strength over 90 days: TON outperformed STRK by 50.1% — measured on the TON/STRK ratio, so it holds regardless of market direction.