Analysis of currently favorable potential currencies!
1. SOL: As a competitor of Ethereum, the SOL ecosystem is growing rapidly. It is reported that ecological projects may be launched within a month, especially in the fields of NFT and DeFi, which may drive the price of SOL up again.
2. SUI: The ecological pledge volume has soared to 283 million US dollars. SUI's recent official activities are frequent and the marketing content is close. As the second largest public chain project in the MOVE language sector, SUI has made progress in AMM and offline activities.
3. ARB: As a key project on the Ethereum roadmap, ARB performed strongly after Vitalik publicly called for OP. The entire Ethereum Rollup project has seen a significant increase in the market, and ARB, as OP's main competitor, has a relatively stronger trend.
4.MATIC: As a key project on the Ethereum roadmap, the MATIC ecosystem has seen frequent transactions recently. Projects developed through cooperative development of various ecosystems, such as OKX's X1.network project, are being actively promoted, which is a positive factor.
5.MOVR: 2nd anniversary of the mainnet launch, DOTIgnite will launch a liquidity plan on Moonbeam Network, which has stimulated the LSD liquidity staking activity of the Polkadot ecosystem. RGBN566 is still worth paying attention to.
As ETH’s Cancun upgrade approaches, here are four altcoins to watch:
OP: The strategy is to double the amount at $1.95 and then go all in at $2. Be careful not to chase the hype of the Cancun upgrade.
ARB: The leader of Ethereum's second-layer network L2, with a market share of nearly 50%. A pullback to around $1.7 to $1.9 is a good time to boldly buy in.
SSV: The leading coin for Ethereum chain staking, with an increase of 45%+. If it returns to around $26 again, bold buying is a swing opportunity worth considering.
TIA: Driven by ETH, altcoins are expected to rise. A pullback to the $16 and $13 ranges are bold buying opportunities.
All four of these altcoins are receiving attention from both institutional and retail investors and could see nice gains if they fall back to desired levels during the Cancun escalation.
StarkNet, a 1,000-fold potential coin, is about to be launched on the first market
starknet
Chinese name: StarNet
Sector: L2 leader
Total Tokens: 10 billion
Release mechanism: lock up for one month, release in full at one time
Estimated opening price: 16u
Expected launch: Mainnet launch time March 2024
Investment institutions: There are many venture capital funds that we are familiar with, such as Sequoia Capital, Tiger, Paradigm, Coinbase, etc. In the seed round, Vitalik Buterin and Ethereum Foundation also participated in the financing. The financing lineup is very luxurious.
Listing institutions: Top five exchanges
Project Overview
StarkNet's parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include StarkEx, an expansion engine based on the Ethereum mainnet, and StarkNet, a general-purpose ZK-Rollup. The StarkWare technical team has more than ten years of experience in the ZKP field and was the first to propose the use of SATRK validity proof to solve the Ethereum scalability problem in 2018.
StarkEx is a second-layer scalability engine designed for applications. It has been launched on the Ethereum mainnet since 2020 and is relatively mature. Projects developed based on StarkEX include Sorare, immutableX, dYdX, ApeX, etc.
StarkNet can deploy any smart contract without custom development. It will be launched on the Ethereum mainnet in November 2021. Currently, there are more than 50 projects on the mainnet and more than 100 projects on the testnet.
Financing
StarkWare has received a total of $273 million in financing in 7 rounds of financing. It completed its seed round of financing in January 2018 and received a grant from the Ethereum Foundation in July of the same year. In March 2021, it completed its B round of financing led by Paradigm, and in November of the same year, it completed its C round of financing. Investors included Paradigm, Alameda Research, Three Arrows Capital, etc. In May 2022, StarkWare completed a $100 million D round of financing with a valuation of $8 billion, led by Greenoaks Capital, Coatue, Tiger Global and other participants.
Technical architecture and others
Similar to the zk-rollup solution based on validity proof, StarkNet and StarkEx also use the form of "off-chain calculation-generation of zk proof-on-chain verification" to achieve the expansion of Ethereum.
However, it achieves high transaction processing speed and low cost through its original zk-STARK zero-knowledge proof algorithm, zk-friendly programming language Cairo, SHARP shared validator, and diversified data availability.
StarkNet’s impact on users
Haotian, a crypto researcher, predicts that Starknet will issue the token STRK to pay network fees. He emphasized that after the V0.13.0 update, the STRK token will become the new industry standard and provide users with more functions. This includes allowing users to approve and transfer in large quantities, using Paymaster to set the gas consumption token to STRK, reducing user costs and enhancing token value.
In addition, the newly added Transfer Hook function will provide more programmability and facilitate users to manage account assets. The token contract is only responsible for the Transaction function, and other functions are controlled by the user wallet account to avoid security issues and take advantage of account abstraction technology.
StarkNet Value Analysis
StarkNet is a general-purpose Layer2 launched by StarkWare. It uses a validity proof scheme to obtain mainnet security and is a zk-rollup.
As for which one will dominate the future, zk-rollup or op-rollup, the mainstream view is that in the short term, op-rollup will dominate due to its low technical difficulty and good EVM compatibility, while in the long term, zk-rollup will dominate due to its advantages of non-interactivity and simplicity.
In the zk-rollup segment, StarkNet did not follow the trend of zkEVM, but instead used STARK+Cairo technology to open up a new path, pursuing the ultimate in validity proof technology and giving birth to a native ecosystem.
Currently, Web3 has not achieved mass adoption, and the StarkNet ecosystem is just beginning to emerge. The small transaction volume cannot evenly distribute the cost of validity proof, resulting in long transaction confirmation time and limited scalability.
However, as the penetration rate of Web3 increases, StarkNet will take on a large number of users and transactions with its technological advantages, bringing diversity and a good Web3 experience to the Ethereum ecosystem.
Inventory of StarkNet Ecosystem Key Projects
StarkNet officially shows that there are more than 100 projects deployed and launched based on StarkNet, of which 53 have been launched on the mainnet, covering various project types such as wallets, DID, cross-chain bridges, DID, DeFi, NFT, Games, etc.
Summarize
StarkNet is unique among Layer2 solutions with its technological advantages and capital support. STARK+Cairo improves transaction processing efficiency. Although EVM compatibility is temporarily abandoned, StarkNet has gained a more flexible development experience and attracted more developers. In the long run, StarkNet has the potential to undertake ecological explosion and bring diverse features to the Ethereum ecosystem. At present, the StarkNet ecosystem is in its early stages, and users can seize the opportunity to join.
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