Cumulative Volume on StarkEx Layer 2 Network Surpasses $1 Trillion
The cumulative volume of on-chain trading and swaps on the StarkEx Layer 2 network has exceeded $1 trillion since its launch in June 2020. This significant trading volume has been driven by various apps, with dYdX leading the way in crypto derivatives trading exchange. Other apps such as ImmutableX, Sorare, and Rhino have also made substantial contributions to the cumulative volume on StarkEx.
Key Points:
– StarkEx is the largest Ethereum Layer 2 solution for non-custodial trading volume.
– dYdX is a major contributor to the trading volume on StarkEx.
– Other apps like ImmutableX, Sorare, and Rhino have also significantly contributed to the cumulative volume on StarkEx.
– StarkEx leverages zero-knowledge rollup technology called “Starks” to enhance Ethereum’s efficiency while maintaining security.
– StarkWare, the developer of StarkEx, operates it as a SaaS solution to assist Ethereum projects in scaling.
Hot Take:
The achievement of surpassing $1 trillion in cumulative volume on the StarkEx Layer 2 network showcases the growing adoption and success of this Ethereum scaling solution. With major apps like dYdX leading the way, it is evident that Layer 2 solutions are becoming crucial for addressing Ethereum’s congestion and high transaction fees. StarkEx’s zero-knowledge rollup technology proves to be an effective approach in enhancing Ethereum’s efficiency without compromising its security.
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