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So Starknet just hit a peak of 503 TPS on MAINNET.
A solid start, and we're just getting warmed up.
Here is @Starknet's plan to boost performance even further, along with the main narratives driving Starknet over the next 6 months 👇
So Starknet is currently a network where:
> fees are ULTRA low, averaging $0.002 per transaction
> transactions are fast as hell; 2-second waiting time for most transactions
> the network has enough capacity to handle all of Ethereum’s current activity (L1 + L2) even at peak levels (~460 TPS)
As impressive as Starknet’s current achievements are, they just represent the starting point. The upcoming months will bring substantial upgrades that will push Starknet’s performance to new heights.
In term of network optimization, a lot are coming, including:
> Cairo-Native (Dec 2024): Expected to push Starknet’s capacity beyond 1000 TPS --≥ x.com/fede_intern/st…
> Stwo (Q1 2025): StarkWare’s next-gen prover, 1000x more efficient than the current Starknet prover, and 100x better than any prover on the market. Stwo will enable faster and cheaper proofs on Starknet; meaning more TPS capacity, lower gas fees, and shorter confirmation times.
> Volition (timeline TBD): Further reduces transaction fees and lessens dependence on Ethereum’s Blob prices; ELI5 Starknet stays cheap even if blobs go brrrrr, unlike other L2s.
On top of that, Starknet is taking a huge step toward decentralization with STRK staking phase 1 coming in a few weeks (Q4 2024). Starknet will be the first L2 to offer staking directly on L2, bringing a new utility to the STRK token; staking to secure the network in addition to paying gas fees and governance.
Below are the staking figures at launch: great rewards with low inflation—just the way we like it. Best of all, it’s entirely for the community: no locked tokens, and neither the Starknet Foundation nor StarkWare will be participating.
Furthermore, Starknet will soon eliminate one of its major bottlenecks: Kakarot will bring the EVM to Starknet by December 2024. This means by Q4’s end, we’ll have both EVM and Cairo dApps on Starknet, working side by side! This is fucking massive. All the big EVM players will be able to easily launch on Starknet (if they want), meaning more bridges, more dApps, more degen, more fun. Starknet will therefore go from ~800 developers (Cairo) to ~10,000 (Cairo + EVM languages).
To recap Starknet's narrative for the next 6 months:
> Cairo-Native Q4 2024: TPS mooning again
> STRK staking Q4 2024: New utility for the STRK token and big step toward the decentralization of the network
> Kakarot mainnet launch Q4 2024: Starknet becoming EVM compatible
> Stwo Q1 2025: TPS mooning once more + likely faster confirmation times
Looking further ahead:
> Volition (timeline TBD): Fees go down again, less dependency on Ethereum's blob pricing
> Starknet scaling Bitcoin alongside Ethereum: This is a game-changer that could forever shift the crypto paradigm. For more details, read this in-depth article (you won’t regret it) about the potential for Starknet, its ecosystem and the entire crypto space: x.com/Starknet_OG/st…
> Nobody mention this but Starknet’s work on Bitcoin will probably accelerate its security efforts significantly, and I believe Starknet will become a (minimum) Stage 1 Rollup by 2025.
Combining this with Starknet’s track record, it’s absolutely insane 👇
✅ First general-purpose Validity Rollup in production (and the first STARK-based Rollup); launched November 2021
✅ First altVM L2: Everyone's talking about it now, but Starknet has been pioneering this since 2021
✅ First L2 with Parallel Execution on Mainnet; the tech that's got everyone hyped for Solana, Monad, Aptos, Sui, Sei and others.
✅ First and only fully AA-based ecosystem; Starknet is the only ecosystem with Multicall and two tokens usable for native gas fee payments (more to come with Protocol-level Paymaster in 2025)
✅ The first and only L2 with cross-chain proof aggregation on Mainnet; again, everyone is starting to talk about it and wants to implement it for their ecosystem while Starknet has been doing it for years.
⏳ First to introduce staking directly on L2 (Q4 2024)
⏳ First dualVM Validity Rollup (Q4 2024)
⏳ First and only L2², scaling both Bitcoin and Ethereum (timeline depending on OP_CAT)
So Starknet is the most battle-tested Validity Rollup in the market (and there’s no second layer that comes close), a pioneering layer bringing numerous innovations to the market and a layer in constant optimization.
In short, Starknet has the best tech for scaling, the best vision, and the best builders behind it (notably the main contributor: @StarkWareLtd).
Users and degens can already enjoy this technology by using projects built on Starknet. And this ecosystem is growing rapidly, so it's better to join now rather than later to catch all the opportunities here:
Ecosystem growth:
Dev onboarding:
And all this will accelerate even more with Kakarot and its EVM integration on Starknet🧑🔬
Conclusion:
The conclusion is simple: come use Starknet (and enjoy juicy DeFi Spring rewards) and start building on it.
> Want to learn Cairo? Here’s your guide: x.com/robertkp13/sta…
> Want to build a game? Do it easily with @ohayo_dojo.
> Want to build an appchain (and soon L3)? Do it with @MadaraStarknet and @karnotxyz .
> Want to build on Starknet but using Solidity? Wait for @KakarotZkEvm launch in November/December.
> Looking for grants to accelerate your growth? Apply for a grant from the Starknet Foundation: x.com/StarknetFndn/s…
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