StarkNet

StarkNet is an Ethereum layer 2 solution in the form of a ZK-Rollup solution. StarkNet's dependence on the STARK system, which was developed by StarkWare, enables any dApp to run, function, and scale indefinitely without compromising Ethereum's synergy and security.

The Cairo programming language, which facilitates the deployment and scaling of cool Dapps, is used to create the StarkNet contract and the StarkNet operating system.

So, the strongest aspects of Stark Net are:

• Scalability and Integrity: StarkNet supports scale, while preserving the security of L1 Ethereum by producing STARK proofs off-chain, and then verifying those proofs on-chain.

• General Purpose: On StarkNet, developers can easily deploy any business logic using StarkNet Contracts.

• Composability: StarkNet provides Ethereum-level composability – facilitating easy development and innovation.

Approach and methodology

For carrying out the analysis of this report, some steps have been followed to achieve the necessary results for final conclusions.

1. First of all, the StarkNet proxy contract on Ethereum where each deposit/withdrawal on StarkNet is done is identified (0xae0Ee0A63A2cE6BaeEFFE56e7714FB4EFE48D419).
2. After that first finding, ETH deposit/withdrawal on StarkNet are analysed through ethereum.core.ez_eth_transfers database.

Hence in this report will be analysed:

• How many ETHs have been deposited or withdrawn (bridged) so far from Ethereum to StarkNet or vice versa.
• How many users have been deposited or withdrawn (bridged) so far from Ethereum to StarkNet or vice versa.

Inflow vs Outlfow

• This chart represents the daily and cumulative ETH amount deposited or withdrawned. Green is ETH --> StarkNet; Red is StarkNet --> ETH.
• At first sight, we can say that the deposits from Ethereum to StarkNet are much higher than StarkNet to Ethereum.
• The day with more ETH deposited (ETH --> StarkNet) was on May 16th with 25,89 ETH.
• The day with more ETH withdrawned (StarkNet --> ETH) was on June 21st with 2 ETH.
• Since the start of May more than 419 ETH have been deposited from Ethereum to StarkNet. In the other hand, only 23,9 ETH have been deposited from StarkNet to Ethereum

Now, let's check the balance deposits - withdrawn from Ethereum to Starknet.

• As can be seen, 395 net ETH have been bridged through Starknet since the start of May.
• There was a high activity during May, afterwards the balance is more estabilised.

Unique users

After this is reviewed let's check the number of unique users doing inflows and outflows from StarkNet.

• This chart represents the daily and cumulative users who deposited or withdrawned ETH. Green is ETH --> StarkNet; Red is StarkNet --> ETH.

• At first sight, we can say that more users are depositing than withdrawing. Seems to be logic as the amount deposited is much higher than the amount withdrawned.

• Since the start of May more than 19k users have deposited from Ethereum to StarkNet.

Now, let's check the average amount deposited or withdrawned from these unique users.

• This chart show the daily average ETH amount deposited or withdrawned from StarkNet.
• If we compare the previous charts it is curious that when more ETH amount was deposited the average amount is lowest. This means that a lot of users where using StarkNet but with low amounts. However, if we have a look into the month of June less amount was deposited, but the average amount is higher. The same argument goes for withdrawns.