
Starknet, a project on the Ethereum blockchain, has been making significant strides in the decentralized finance (DeFi) space, as evidenced by its growing Total Value Locked (TVL) which has surpassed $150 million. The TVL growth is led by Nostrafinance, zkLend, and EkuboProtocol as the top DeFi protocols. This growth is attributed to Starknet's innovative use of STARK cryptography for scalability and security, and its development platform, Cairo, which has been crucial for creating decentralized applications (dApps). The Starknet team, led by Eli Ben-Sasson, has been praised for their integrity, long-term vision, and responsiveness to community feedback. Additionally, the Pyth Network, supporting 51 different blockchains with real-time price data, indicates its vital role in DeFi ecosystems. Starknet's community has been described as the fastest-growing on Ethereum for the past two years, largely due to its technological advancements and the active involvement of its builders.
stDYDX experienced significant growth this week. TVL rocketed past the $5 million milestone yesterday and now sits just shy of $6 million. Liquidity on @osmosiszone has also increased by 50% this week. stDYDX holders can provide liquidity here: https://t.co/DY4UyxEO5y
🎥 Our latest video is out! Watch Community Call #5 w/ @dimahledba, Head of Ecosystem at @StarkWareLtd. We dive into @Starknet & Web3's landscape in Africa, discussing our expansion plans with a major emphasis on building top-notch products on Starknet. 🔗Link to Video:… https://t.co/oKnxBYKKdq
The CairoVM powers Starknet and scales Ethereum because it’s optimized for generating the most secure and efficient Validity proofs: STARKs The CairoVM is the execution layer of Starknet and is responsible for processing transactions that change the state of the network




