Demex Daily #285: Starknet to Quadruple TPS and Cut Fees by 5X in 3 Months

What’s Interesting Today:

StarkWare CEO Eli Ben Sasson announced that Starknet, Ethereum’s Layer 2 solution, will increase its transactions per second (TPS) by four times and reduce fees by five times within the next three months. This will be achieved through improved compilation and faster execution on Cairo, Starknet's smart contract language. The network aims to surpass 1000 TPS and become the cheapest Layer 2 with transaction costs reduced to a fraction of current fees. Starknet also plans to introduce the OP_CAT proposal to settle natively on both Bitcoin and Ethereum within the next year.

Trade STARKNET STRK-PERP on Demex!

Aave is exploring the possibility of expanding to the Bitcoin layer-2 network, Spiderchain, by gauging community interest. Spiderchain, developed by Botanix Labs, is compatible with Ethereum Virtual Machine (EVM)-based protocols, enabling Ethereum-based applications to function on Bitcoin. This expansion aims to tap into Bitcoin's growing dominance and the potential for decentralized finance (DeFi) on the Bitcoin blockchain. Aave's total value locked exceeds $17 billion, and while feedback is being collected, there is no set timeline for the deployment. 

Trade AAVE AAVE-PERP on Demex!