STARKNET

StarkNet Web3 / blockchain enterprise platform.

Definition

StarkNet (StarkWare Israel + Switzerland, founded 2018 by Eli Ben-Sasson + Uri Kolodny + Michael Riabzev + Alessandro Chiesa, $100M+ Series D 2022 Sequoia + Greenoaks + Pantera + others, ~$8B+ valuation 2022) is an Ethereum L2 ZK-rollup scaling solution using STARK proofs (Scalable Transparent Argument of Knowledge, more scalable + transparent vs SNARK), launched StarkNet alpha 2021 + mainnet 2022 + STRK token launched February 2024, ~$0.3B+ TVL 2024. Platform + technical architecture consensus mechanism + smart contract language + tokenomics + ecosystem developers + dApps + DeFi + NFTs + RWA tokenization + enterprise pilots + production deployments + governance + regulation + interoperability + bridges + scalability + cybersecurity + sustainability + multiple use cases industries banking + supply chain + healthcare + gaming + identity + multiple emerging Web3 ecosystem 2020s+.

Origin

StarkWare founded 2018 ; StarkNet alpha 2021 ; mainnet 2022 ; STRK token launched fevrier 2024 ~$2B+ market cap initial.

Example in context

Decentralized exchange dYdX V4 migrates from StarkNet (using StarkEx infrastructure) to Cosmos-based StarkNet alternative 2023 for performance reasons ; demonstrates competitive dynamics between L2 scaling solutions where applications choose chains based on specific performance + economic + community considerations + multi-chain deployments.

Related terms

• zkSync — competitor ZK rollup.