The number of active addresses on the StarkNet network increased by 1168% in the last 30 days. The StarkNet Foundation remained undecided on how to distribute the rewards, though merchants have taken a position.
Ever since StarkNet [STRK] deployed its token on the Ethereum [ETH] Mainnet, there has been an incredible amount of focus on the ecosystem. Although the tokens are not yet for sale or publicly traded, contributions within the StarkNet network have been steadily increasing.
According to Token Terminal, active StarkNet addresses, which represent the number of unique users interacting with a project, exceeded 55,000 at press time. From this rise it can be inferred that the addresses had increased by 31.3% in the last seven days. Furthermore, this was an increase of 1168.7% in the last 30 days.
Taking Steps Toward Compensation for Entry
The abovementioned rise implies that the crypto community sees StarkNet as one of the most promising projects. Moreover, the buzz around the Ethereum scaling solution could also be related to the distribution of a possible incentive by the StarkNet Foundation.
StarkNet prides itself on a platform that can significantly increase the speed and efficiency of transactions on the Ethereum network. There are already projects engaged in this, such as Arbitrum [ARB] and Optimism [OP].
The focus is on StarkNet, though, because many merchants and investors are eagerly awaiting the rewards of being an early adopter, as Arbitrum and Aptos [APT] did. In fact, a few weeks ago, many users participated in bridging tokens on the StarkNet network, less than 24 hours after the Arbitrum Airdrop. So this walk means there’s still strong enthusiasm for the rewards.
Although STRK would have a total offer of 10 billion, investors would only get 17%. The main contributors would get 32.9%, while the foundation itself would receive 50.1%. However, the creators of the Zero-Knowledge (ZK) protocol have yet to confirm what early adopters would get, though the first round of applications for incentives ended on April 6.
Vitalik Buterin in the Cities of StarkNet Cairo and Sierra
An additional reason why traders seem to be interested in making STRK publicly available is Vitalik Buterin’s involvement in the project. In a publication through the StarkNet medium on April 8, it was revealed that the adoption of the Cairo 1.0 system was due to the recommendation of the Ethereum co-founder.
StarkNet reported that the Cairo assembly would help simplify the deployment of smart contracts on the network. On the other hand, the inclusion of the Sierra a Cairo 1.0 language would guarantee the security of the scaling solution.
Before that, StarkNet had also explained how their solution would unleash the potential of Ethereum, thanks to its accumulations. The blog post noted the following:
“As we embark on this great journey, rollups pave the way for a more powerful, more secure and decentralized Ethereum, elevating the platform without sacrificing its core values.”
By Audy Castaneda
