#starknet

StarkWare is gearing up for a significant upgrade to Starknet, its Ethereum-based Layer 2 solution powered by the ZK-STARK cryptographic mechanism.

The Starknet Foundation introduced the Catalyst Program to boost the growth of the Starknet ecosystem and support high-quality decentralized applications through grants. Developers are expected to use these funds to improve user experience and other critical aspects of their projects.

Around 10% of the network fees generated since the project’s launch, approximately 1,600 ETH, will be dedicated to supporting the Starknet ecosystem.

The TVL of Coinbase's blockchain has surged to $146 million following its mainnet launch, surpassing StarkNet's TVL of $112 million. What's particularly striking is that roughly 87% of Base's TVL is held in ETH. However, the network's throughput still has room for improvement, with its TPS standing at roughly 5.81. For comparison, here are the TPS figures of other L2 solutions: Optimism — 6.88 Arbitrum One — 7.26 zkSync Er — 10.72

Starknet, an Ethereum Layer 2 network, set a new TPS (transactions per second) record.

Starknet has initiated a vote to move its v.0.13.0 from testnet to mainnet. This voting process, which will conclude on January 8, currently shows an overwhelming 99% support for the move.

According to a recent post on X, Starknet is set to distribute 1.8 billion STRK tokens, as part of various initiatives to foster the adoption and growth of the Starknet blockchain.