StarkNet is a Layer 2 solution for Ethereum, designed to boost the speed and affordability of Ethereum transactions. It uses zk-rollups, processing most transaction operations outside of Ethereum, then providing proof of those transactions to Ethereum. This reduces the load on the Layer 1 blockchain, resulting in faster and cheaper transactions. Starknet Recently listed it's Token in Major crypto Exchanges. Let's Dive into Starknet Ecosystem......
TL;DR
1. There are over 200 projects building on StarkNet. This includes a wide variety of decentralized applications (dApps), services, and wallets.
2. Fully onchain games on StarkNet boomed over the past year. Examples include Influence, Shoshin, Realms, and Loot Survivor.
3. ArgentX is the most popular starknet Ecosystem Project. It have more than 2 Million Active users.
Wallets:
Argent X: A decentralized wallet with multi-signature security and social recovery, eliminating the need for seed phrases.
Braavos: A self-custodial wallet built on StarkNet that utilizes account abstraction, available on mobile and browsers.
Decentralized Exchanges (DEXs):
JediSwap: The leading DEX on StarkNet, offering swap, pool, and Zap functions.
Immutable X: A Layer 2 DEX focused on NFTs, known for its gas-free trading.
Lending and Borrowing:
Aave on StarkNet: A port of the popular lending protocol, offering borrowing and lending of various assets.
ZxLend: A permissionless lending protocol designed for speed and scalability.
Stablecoins:
Nostra: Building the Liquidity Layer of StarkNet, including the UNO stablecoin and Nostra Swap (a stablecoin DEX).
Sorbet Finance: A decentralized stablecoin exchange with a focus on low fees and fast transactions.
Other notable projects:
Warp Finance: A decentralized derivatives protocol offering perpetual swaps and options.
StarkGate: A bridge between StarkNet and Ethereum, enabling seamless asset transfer.
Herodotus: A project providing state proofs for the Ethereum blockchain, improving scalability and security.
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Starknet indeed a great initiative toward Blockchain Scalability but the token open lots of criticism. After just 2 months of token launch There'll be fresh 1.3 billion token to be unlocked for team and investors. That obviously a bad decision by the team. So, investing in the token now will be a debatable option.
However, on the bright side the ecosystem is on fire. Starknet is vastly improving it's ecosystem. So it'll be great to see how the two different things make ways for starknet.
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