Top Ten Potential Projects in the Starknet Ecosystem

In 2023, Starknet is thriving as an ecosystem for Ethereum’s Layer 2 scaling solution. Let’s explore the ten most promising projects within it.

Starknet is a decentralized L2 protocol that uses ZK-Rollup technology to achieve high scalability through the STARK proof system. It allows dapps to scale infinitely while maintaining the composability and security of Ethereum. Starknet contracts are written in the Cairo language, supporting the deployment of almost all business logic.

STRK Token

Starknet has deployed the native token STRK on the Ethereum mainnet. This token will be used for voting, staking, and fee payment. The tokens held by the core team and contributors will be locked for 4 years, with gradual release starting after one year. The specific distribution plan has not yet been determined.

Account Abstraction

Account abstraction solves the problem of traditional self-custody wallets requiring the memorization of seed phrases and private keys by creating wallets based on smart contracts. This innovation has been widely adopted in the Starknet ecosystem, with projects such as Argent X and Braavos.

1. Argent X Wallet

Argent is a decentralized wallet that features multi-signature security and social recovery capabilities. It does not require a mnemonic phrase, eliminating the risk of a single point of failure. Recently, it announced the launch of new features such as seedless wallets, 2FA, mobile Starknet, and DAO multi-signature.

2. Braavos

Braavos is a self-custodial wallet based on Starknet smart contracts, supporting iOS, Android, and browsers. It aims to provide a seamless web2-like user experience and is developing a mnemonic-free account recovery feature. In addition to the wallet, it also plans to offer staking, lending, and other services.

3. Orbiter Finance

Orbiter Finance is a decentralized cross-rollup Layer 2 bridge that supports low-cost instant transfers between the ETH mainnet, zkSync, Arbitrum, and others. It utilizes two roles, Sender and Maker, to ensure transaction security through smart contracts.

4. StarkGate

StarkGate is an Ethereum↔Starknet token bridge developed by StarkWare. It allows users to trade with ETH and ERC-20 tokens on Starknet using L1, achieving computational compression through STARK technology.

5. ZKX

ZKX is the first perpetual futures exchange on Starknet with self-custody and community governance. It offers scalability through a decentralized node network, providing perpetual swaps and derivatives trading for Starknet and Ethereum users.

6. zkLend

zkLend is a Layer 2 money market protocol built on Starknet, combining the scalability of zk-rollups with the security of Ethereum. It offers permissioned solutions for institutional clients and permissionless services for DeFi users.

7. Starknet ID

Starknet ID is similar to ENS for Starknet, allowing users to mint their own Starknet identity for free. It serves as the user’s Starknet passport and on-chain representation, capable of attaching various web2 and web3 data.

8. JediSwap

JediSwap is a permissionless composable AMM on Starknet. Users can trade swaps with zero gas fees, only paying a 0.3% swap fee. This fee is distributed proportionally among liquidity providers.

9. Nostra

Nostra is building the liquidity layer of Starknet, including Nostra Money Market, the first Starknet native stablecoin UNO( ), and Nostra Swap.

10. Brine

Brine is a cross-chain DEX that uses an AMM-based order book model for trading. The platform charges a fixed trading fee of 0.1%, but does not charge gas fees.