STARKNET ECOLOGY OVERVIEW

STARKWARE SUMMARY

Starkware (aka Starkware Industries) is a company founded in January 2018 by Eli Ben-Sasson — Co-Founder of STARK & ZCash. StarkWare helps improve the scalability and privacy of blockchains by using STARK technology to deploy and verify zero-knowledge proofs.

Starkware has the following featured products: Cairo, SHARP, VeeDo, StarkEx, StarkNet:

• Cairo : Cairo is the common computational programming language of Starkex & Starknet. All protocols & dapps built on Starkex & Starknet will use Cairo.
• SHARP : SHARP is a system that allows to collect a set of (different) Cairo Programs to generate a proof for all of them, then post this proof on Ethereum so that it is verified by a STARK verifier, reducing gas fees for transactions.
• VeeDo: VeeDo is a verifiable trustless randomness feature thanks to STARK technology, which is similar to Chainlink’s VDF
• StarkEx & StarkNet: Starkex is a customized version of Starknet for Trading (Specific L2), while Starknet is a full version — permissionless decentralized ZK-Rollup.

And today’s article we will delve into the ecosystem of StarkNet.

WHAT IS STARKNET?

StarkNet is an Ethereum layer 2 solution in the form of a ZK-Rollup solution. It operates as an L2 network on Ethereum, allowing any DAPP to achieve unlimited scale for its computation — without compromising Ethereum’s composability and security, thanks to the dependency of StarkNet. into the system with the most secure and scalable security — Stark.

The StarkNet contract and the StarkNet operating system are written in Cairo — supporting deployment and scaling of any use case, regardless of business logic. Your use of StarkNet Alpha is subject to the predefined Terms of Use .

Unlike today’s popular Layer 2 scaling solutions such as Optimism and Arbitrum , which integrate Optimistic Rollups technology, StarkNet uses Zero-Knowledge Rollups to confirm transactions without having to depend on other parties. , which ensures the decentralization of the Ethereum network. In addition, StarkNet withdrawal times are also significantly faster than Optimism and Arbitrum, thanks to the advantage of Zero-Knowledge Rollups.

ECOSYSTEM

DEX

DEX projects on the StarkNet ecosystem include:

• Starkswap
• Jediswap
• mySwap
• Zigzag

Lending

Lending projects on the StarkNet ecosystem include:

• zkLend: Money-market lending project on StarkNet. Currently, no product of the project has been released to users, nor has a testnet launched.

The infrastructure

Infrastructure projects on the StarkNet ecosystem include:

• Bridge: Suez, Qasr, Kubri , … are bridges under development and in testnet phase to bring cash flow to StarkNet.
• Explorer on the system already has and supports tracking transactions as well as information in the system is relatively easy because there are many visualized charts operating on the system (for example, the chart shows the total amount of wallets, total transaction volume, … ).
• Wallet to store assets, interact with applications on the system, and the most popular is still Metamask.

Infrastructures for DAO:

• Snapshot, Zorro Protocol — infrastructure applications for DAO voting are in development.
• Bibliotheca — dedicated infrastructure for Loot — NFT project on Ethereum.

Gaming/NFT Projects

Gaming/NFT projects on StarkNet include:

• Các dự án gaming trên StarkNet: Dope Wars, Influence, Realms, Game of Blocks, Eykar, bitmap box, Phi Φ, The Ninth.

NFT Marketplace Project:

• Oasis — the first NFT Market project on StarkNet, currently testingnet.
• Mint Square — a platform for NFT issue on StarkNet is in testnet stage.
• NFTflow — a liquidity generator for NFTs.
• Briq — an application that supports building NFT on StarkNet.
• Game Building Platform on StarkNet : ImmutableX is a gaming development platform on StarkNet. This is the platform that receives a lot of market attention, because it is the leading gaming platform on StarkWare.

Other puzzle pieces

Other projects in the StarkNet ecosystem include:

• Yield aggregator : Fuji DAO is the first and only yield aggregator project at the moment.
• Derivatives: ZkX — Project about Derivatives on StarkNet. No other information about the project is known at this time.
• Launchpad: ZkPad — Launchpad project on StarkNet. The project is not yet operational.
• Betting : iBetYou — Project about betting on StarkNet.

SUMMARY

StarkNet is a fledgling ecosystem that has just been launched in 2021, so the information is still scanty, many things are incomplete such as DEX, lending, launchpad, yield farm, yield aggregator, etc. other areas such as GameFi, Metaverse, Social Network, etc. Diversity will update more information about projects as well as ecosystems in the next articles. Thank you readers for accompanying Diversity !