"In 10 years, all rollups will be ZK" © @VitalikButerin.
"We aim to become the L2 with the highest TPS capacity" © @Starknet.
The Starknet overview: Ecosystem, events, traction ↓
"We aim to become the L2 with the highest TPS capacity" © @Starknet.
The Starknet overview: Ecosystem, events, traction ↓
A few weeks ago, @Starknet announced their definitive targets for the 2024 roadmap:
• Becoming the L2 with the highest TPS capacity
• Maintaining an average transaction fee consistently below $0.01
At the same time, the Foundation began deploying incentives to support growth.
• Becoming the L2 with the highest TPS capacity
• Maintaining an average transaction fee consistently below $0.01
At the same time, the Foundation began deploying incentives to support growth.
The Seed Grants Program is one of the latest initiatives, designed to empower builders with funding of up to $25K.
This program has allocated $5M in funding to support teams creating dApps on Starknet, so we can expect to see many new protocols emerge in this ecosystem soon.
This program has allocated $5M in funding to support teams creating dApps on Starknet, so we can expect to see many new protocols emerge in this ecosystem soon.
https://twitter.com/1558755006697947136/status/1787769330525946186
The overall positive sentiment around ZK (with Vitalik's contribution playing a significant role) and the bullishness of Ethereum led to a 20% increase in TVL for Starknet within just one week.
$STRK obviously followed, with a 20% increase during the last week of May.
$STRK obviously followed, with a 20% increase during the last week of May.
What makes @Starknet so appealing?
Incentives are key. Earlier this year, Starknet introduced the Starknet DeFi Spring initiative, with a strong focus on enhancing the DeFi ecosystem on Starknet.
The outcome? Up to 120% APY for STRK/USDC LPs.
Incentives are key. Earlier this year, Starknet introduced the Starknet DeFi Spring initiative, with a strong focus on enhancing the DeFi ecosystem on Starknet.
The outcome? Up to 120% APY for STRK/USDC LPs.
To support the initiative and assist users in discovering the most profitable opportunities, @StarknetFndn has launched a website that consolidates all the lucrative pools in one convenient location.
Check it out here: strkfarm.xyz
Check it out here: strkfarm.xyz
The Starknet DeFi Spring program, scheduled to run until October 2024, starts with a strategic distribution of $STRK tokens to promote involvement across the ecosystem.
Furthermore, an additional 10 million STRK is expected to be reserved for future initiatives in Q2/Q3 of 2024.
Furthermore, an additional 10 million STRK is expected to be reserved for future initiatives in Q2/Q3 of 2024.
There are a few crucial factors that will assist @starknet in achieving its goal of becoming the L2 platform with the highest TPS capacity.
Transaction Parallelization and Cairo Native are key components of this endeavor.
Transaction Parallelization and Cairo Native are key components of this endeavor.
Furthermore, Starknet aims to reduce DA costs through Volition.
It will provide developers with the option to select where the transaction data for their dApps is stored:
• On Ethereum (maximum security, higher fee)
• On Starknet (significantly cheaper, somewhat less secure)
It will provide developers with the option to select where the transaction data for their dApps is stored:
• On Ethereum (maximum security, higher fee)
• On Starknet (significantly cheaper, somewhat less secure)
In essence, Starknet has returned to the forefront, actively constructing and deploying capital.
Numerous analysts hail Starknet as the most technically robust ZK rollup due to the use of a unique type of ZK proof (ZK-STARKs) that offers inherent security and better scalability.
Numerous analysts hail Starknet as the most technically robust ZK rollup due to the use of a unique type of ZK proof (ZK-STARKs) that offers inherent security and better scalability.
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