StarkEx Layer 2 records $1 trillion in on-chain trading volume since June 2020

The Block
The Block

29 Jun 2023 2:44 PM

The StarkEx Layer 2 network has recorded over $1 trillion in on-chain trading since its launch in June 2020....

  • 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.
  • The trading volume on StarkEx has been primarily driven by the crypto derivatives trading exchange dYdX.
  • Other apps such as ImmutableX, Sorare, and Rhino have also contributed significantly to the cumulative volume on StarkEx.
  • StarkEx is an Ethereum Layer 2 solution that reduces congestion and transaction fees by aggregating transactions from Ethereum's mainnet.
  • It utilizes a zero-knowledge rollup technology called "Starks" to enhance Ethereum's efficiency while maintaining security.
  • StarkWare, a blockchain scaling and development firm, operates StarkEx as a SaaS solution to assist Ethereum projects in scaling.

The article highlights the significant achievement of the cumulative trading volume on the StarkEx Layer 2 network surpassing $1 trillion. It also emphasizes the role of various apps and the technology behind StarkEx in facilitating Ethereum's scalability.

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You May Ask

What is the cumulative volume of on-chain trading and swaps on the StarkEx Layer 2 network?Which app has been the primary driver of trading volume on StarkEx?How does StarkEx reduce congestion and transaction fees on Ethereum?What technology does StarkEx utilize to enhance Ethereum's efficiency while maintaining security?Who operates StarkEx and what is their role in helping Ethereum projects scale?

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