These days, the crypto community has a split opinion about the future of #StarkNet
Some call it our savior, while others say it’s #NGMI
Here’s a curated list of notable projects in the StarkNet ecosystem
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1/ StarkNet is a permissionless decentralized ZK-Rollup
It operates as an L2 network on Ethereum, enabling any dApp to achieve unlimited computational scaling without compromising Ethereum’s composability and security
2/ As with any ecosystem, we need to begin the story by highlighting the unique benefits that separate it from competitors
Developers can use StarkNet smart contracts to deploy any business logic quickly
3/ StarkNet and its developer tools are built by various teams and individuals developing diverse STARK-based solutions for the blockchain industry
Eli Ben-Sasson and Uri Kolodny founded the company
5/ A trusted place to store digital assets is crucial for any ecosystem
Major wallets in the StarkNet ecosystem:
@argentHQ - a simple and secure mobile crypto wallet. It is open-source and built on zkSync, a ZKP-based Layer 2 rollup solution for Ethereum
6/ @myBraavos - created to make a self-custodial wallet that is easy and reassuring to use while not compromising on the enormous benefits of decentralization and self-custody of assets
More wallets are expected to join the ecosystem
7/ Bridges:
The fees for bridging to StarkNet will vary depending on the network you transfer from
For example, if you are bridging from Ethereum you pay slightly higher fees because transactions on the mainnet are generally more expensive due to higher demand for blockspace
8/ On the other hand, if you are bridging from other Layer 2s like Polygon, Arbitrum, Optimism, and Metis the transaction fee is much lower
Qasr and Kubri are bridges under development in the testnet phase to bring cash flow to StarkNet
9/ DAO infrastructure:
• @SnapshotLabs - a voting framework built on StarkNet. It will allow any DAO to run their governance on-chain on Layer 2 and execute transactions on Ethereum
• @BibliothecaDAO - a pioneering Web 3 game studio building eternal games on StarkNet
10/ • @ZorroProtocol - a fast way for people to prove that they're unique users so they can obtain democratic DAO voting rights and other benefits
11/ Gaming/NFT projects:
• @TheDopeWars - a fully decentralized, community-driven, gaming metaverse project inspired by hip-hop culture
• @influenceth - a space strategy MMO game with true player ownership, set in a realistic asteroid belt, all built on Ethereum
12/ • @LootRealms - the first module in an infinitely expanding player-owned game world
• @StarkDefi - aims to facilitate and simplify the onboarding process for the “next-generation user” in the blockchain space with a hub that accommodates a variety of DeFi solutions
16/ • @ZKGraph - a social graph with limitless possibilities
• @zohal_starknet - next-generation AMM coming soon to Starknet
• @cryptoswaporg - Decentralized Exchange on zkSync and StarkNet
17/ StarkNet is still in the early stages of the ecosystem, where the most basic DeFi applications are just beginning to be developed and not yet launched
The most exciting DEXs are in the testnet stage
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The drama continues! The FTX/FTT/Binance saga rages and the crypto markets swing in tandem.
FTX halting withdrawals, cries of insolvency, rumors and speculation - Not Great!
The surprise revelation: Binance is now set to acquire FTX…
1/ This is surprising as FTX was making such large moves and acquisitions, it didn’t seem likely they were in such financial straits. Earlier, FTT and SOL were in the crosshairs.
2/ The theory was that Alameda might try to dump its SOL, Alameda's second-largest holding, and Solana ecosystem tokens in order to raise liquidity. How deep does their liquidity crunch go?
What a weekend! So much dramarama involving two of crypto’s most prominent billionaires, FTX, Alameda Research and Binance. Never a dull moment in crypto, even during a bear market.
1/ Amid concerns over FTX’s liquidity and other issues, Binance CEO, CZ announced their plan to sell off his platform’s entire stash of FTT with Alamade’s CEO countering that they’d be glad to buy their position at $22.
2/ More than $451M in stablecoins has flown out of crypto exchange FTX in the last seven days and rumors of insolvency circulate. Looking forward, we’ve got a CPI print this Thursday on Nov. 10 -estimated at 7.9%, down 0.3% versus September.
Wireless networks are the gateway to the internet but aren’t transparent, which can soon change
With the internet transforming, some question whether the telecom industry can serve the next generation of internet users
Decentralized Wireless (DeWi) is the solution
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1/ Traditional wireless networks are restricted by bandwidth, congestion, service lags, and outages
Customers must deal with these issues in addition to determining the appropriate coverage, which is often complicated and costly
2/ #DeWi aims to revolutionize how communication networks are built, operated, and owned by encouraging operators to deploy and maintain telecom hardware in exchange for token rewards
Thanks to mobile phones, 66% of the world uses the internet, up from 7% in 2000
Weekly Alpha Leak 🚰 When it Rains, It Pours - 'Tis Exploit Season
Dates Covered: October 8-14, 2022
October isn’t even over and it’s already made DeFi history with hackers stealing $718M across 11 protocols.
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💊 Top Bullets: $116M Mango Markets exploit, BNB Chain hard fork to reverse $100M hack, Matter Labs Ethereum Layer 3 scaling prototype, Polygon and Matter Labs zkEVM competition, Bank of New York Mellon to custody Bitcoin and ETH, Cosmos critical software vulnerability
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📊 Data Highlights: Smart money near ATH for how much of their holdings are in stables, Largest Smart Money Inflows this month into cETH, cDAI, followed by regular DAI, Largest Smart Money Outflows this month,