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