Connect with us
Active Currencies 14281
Market Cap $2,493,890,973,754.10
Bitcoin Share 51.97%
24h Market Cap Change $-0.42

Starknet releases new update; will it drive adoption? 

2min Read

As a part of Starknet Quantum Leap, the rollup launched v0.12.1 on Mainnet, adding new features to improve efficiency 

Starknet releases new update; will it drive adoption? 

Share this article

  • Starknet, in one instance, outperformed zkSync Era in terms of active addresses.
  • The rollup was faring well against popular L2s like Optimism and Arbitrum. 

Like most rollups and L2s, Starknet’s popularity has also been on the rise for several weeks. It launched its latest network update, Starknet v0.12.1, on 21 August, which added new features to the rollup. 


Is your portfolio green? Check the Bitcoin Profit Calculator  


As revealed earlier, the upgrade improves the efficiency of the sequencer capacity by addressing the issue of failed transactions. While Starknet pushed its network update, other rollups like Polygon zkEVM and zkSync Era also continued to grow. 

Starknet gets a network update

As a part of the Starknet Quantum Leap, the rollup launched v0.12.1 on Mainnet. The update aims to improve transaction efficiency by making quite a few changes. The upgrade adds a validation stage before sequencing to filter out invalid transactions earlier.

Failed transactions will have a reverted status and be included in the block, paying fees. Other notable features include mempool validation and Keccak built-in.

 

While the update was pushed, Starknet’s TVL, after a decline, gained upward momentum. However, after registering spikes on 19 August, both its active addresses and daily transactions sank.

Source: Artemis

Other rollups are buckling up

Not only Starknet, but zkEVM also reached a new milestone. The rollup’s total deposits exceeded the $115 million mark. Not only that, but Polygonscan’s data revealed that zkEVM’s total unique addresses also crossed 400k a few days after the rollup completed five months of its deployment. 

zkSync Era’s performance was no less, as it outperformed Ethereum [ETH], Arbitrum One, Optimism [OP], and other rollups in a key metric. The rollup recently mentioned in a tweet that its transactions per second reached a new all-time high of 13.44 on 20 August 2023.

Considering the rollups’ updates, it was important to check how they were faring against each other. As per Artemis, zkSync Era continued to dominate zkEVM and Starknet in all key metrics. However, Starknet managed to outperform zkSync in terms of active addresses on 28 July 2023.

Recently, the rollup also flipped zkEVM in terms of TVL, reflecting Starknet’s growth. Interestingly, Starknet fared well against top L2s like Optimism and Arbitrum. This was evident from the daily active addresses graph, as they were closely knit. 

Source: Artemis

Share

Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.