Starknet, a layer-2 scaling solution for Ethereum, was recently ranked first among ERC-20 tokens in a new evaluation by Santiment, achieving an impressive 401.97 GitHub activities in the past 30 days.
Features of Starknet
Starknet is known for its decentralized validity participation, referred to as zero-knowledge (ZK) participation. These solutions execute transactions outside the Ethereum blockchain while maintaining transaction data records. The project launched its own token last February, and currently, its price stands at $0.455, making it the 119th largest cryptocurrency by market cap.
Santiment’s Evaluation Methodology
Santiment noted that they use an enhanced methodology for collecting GitHub activities, excluding routine updates. This approach ensures reliable tracking of developments in crypto projects, indicating developer confidence. Last month, Starknet surpassed Chainlink as the ERC-20 project with the most GitHub activity, with Chainlink registering 311.57 activities and Ethereum 219.13.
Significance for the Ethereum Community
The rise of Starknet underscores the significance of layer-2 solutions in enhancing network capacity and user experience in the Ethereum network. Its success could attract more developers and interest from communities focused on Ethereum scalability.
By leading GitHub activity among ERC-20 projects, Starknet has not only advanced the diversification of scaling solutions for Ethereum but also reinforced developer community trust in its potential.
