According to Odaily, StarkWare, the Ethereum Layer2 expansion development team, has reported that Starknet has had the lowest transaction fees among all Layer 2 solutions in the past 30 days. A team member, known by the username odin_free, shared this data, indicating that the transaction cost on Starknet was as low as 0.005 USD.
This information highlights the efficiency and cost-effectiveness of Starknet as a Layer 2 solution. Layer 2 solutions are designed to help scale the Ethereum network by handling transactions off the main Ethereum blockchain, thus reducing congestion and lowering transaction fees. Starknet's low transaction fees in the past month demonstrate its potential as a viable Layer 2 solution for Ethereum.
The Ethereum network has been grappling with high transaction fees, and Layer 2 solutions like Starknet could provide a much-needed respite for users. The data shared by the StarkWare team member underscores the importance of Layer 2 solutions in making Ethereum transactions more affordable and efficient. The low transaction fees recorded by Starknet in the past month could encourage more users to adopt this Layer 2 solution.
