Starknet is advancing its ecosystem by integrating Ethereum Virtual Machine (EVM) compatibility through the launch of Kakarot zkEVM's first testnet. This development aims to facilitate the migration of established DeFi protocols from Ethereum to Starknet. The new zkEVM technology leverages Zero-Knowledge (ZK) proofs and Cairo, enhancing decentralization, scalability, and security. Starknet's appchain, built on Kakarot, allows developers to build EVM dApps seamlessly using STARK technology. The move is expected to impact $STRK and $ETH.