The combined volume of intranet trading and swaps on the StarkEx decentralized exchange and compatible apps has reached $1 trillion since its launch in June 2020.
*$1T* cumulative trading volume; it’s so simple
This is StarkEx.
This is how you scale Ethereum. pic.twitter.com/T0cj3RuBe5
— StarkWare (@StarkWareLtd) June 29, 2023
According to the developers, most of the amount falls on DEX dYdX. The StarkWare team noted that other applications, including ImmutableX, Sorare, and Rhino, also made significant contributions.
According to site project, the total amount of blocked funds in StarkEx is $532 million. Since the launch, users have made 458 million transactions and created 113 million non-fungible tokens.
“We have developed an infrastructure that supports the most complex and user-friendly blockchain applications,” said Uri Kolodny, co-founder and CEO of the company.
StarkWare positions the trading platform as SaaS– a solution for scaling the Ethereum network. The project also has its own second level network – StarkNet.
Recall that in December 2022, the payment giant Visa involved StarkNet in a proof of concept for enabling automated and programmable payments.
In February 2023, startup StarkWare expanded its partnership with Chainlink, a decentralized oracle network, to accelerate the adoption of an L2 solution.
Later, the project team presented a roadmap with a focus on performance and user experience in 2023, in the next – on the decentralization of operations and decision making. Analyst Colin Wu saw in the document signs of preparations for the release of a utility token and an airdrop.
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