Developments in the Ethereum Layer-2 Project Starknet

Starknet, an Ethereum Layer-2 project, is witnessing new developments day by day. Last week, there was an increase in the production of STRK tokens. Argent X, one of the two wallet platforms in the Starknet ecosystem, heightened the excitement with a post shared on December 13.

The Web3 wallet platform Argent X, operating on the Starknet network, drew attention with a tweet published on its official X page on December 13. The team announced that an important step towards decentralization would be taken in the Starknet ecosystem.

The Argent X team alerted users to update their wallets and shared the update steps on their blog sites. Users can update to the latest version of Argent X, v5.11, either manually through the developer option or by restarting their browsers.

Various claims have been made about the airdrop site shared by the Starknet team during the testing phase. While discussions took place in crypto communities based on screenshots related to this site, experienced individuals in airdrops proved that the site belonged to Starknet.

The Starknet Foundation announced on December 12 that 10% of the revenue worth $3.53 million against 1,600 Ethereum would be distributed through an incentive program aimed at developers. The program emphasized that ETH would be distributed in the first phase and STRK tokens in the second phase.

Unlike other Layer-2 ecosystems such as Arbitrum and Optimism, the Starknet team continues to attract attention and face criticism while taking interesting steps. Many projects that have received criticism from the community during airdrop events continue to be unsuccessful in terms of token performance in subsequent periods.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.