Ethereum $3,218.5Starknet, which is among the layer-2 scaling solutions of , ranked at the top among ERC-20 tokens in the latest evaluation by Santiment. The crypto analysis firm stated that Starknet had 401.97 significant GitHub events in the last 30 days.
Features of Starknet
Starknet is a decentralized validity participation solution, also known as zero knowledge (ToM) participation. Such solutions record transaction data when processing transactions outside the Ethereum blockchain. The project launched its own token last February.
STRK is trading at $0.455 at the time of writing. This crypto asset, ranked 119th in terms of market capitalization, has increased by more than 7% in the last 24 hours.
Santiment’s Evaluation Methodology
Santiment stated that they use a “better methodology” to collect GitHub events without counting routine updates. This approach of the company allows reliable monitoring of GitHub activities of crypto projects. Additionally, Santiment stated that intense development activities show developer faith in a crypto project and reduce the likelihood of the project being an escape scam.
Starknet, Chainlink last month 
$23.1It became the ERC-20 project with the most GitHub activity, surpassing . Chainlink recorded 311.57 significant GitHub events. Ethereum ranked third with 219.13 events. The ERC-20 project is a standard that developers use to create tokens on the Ethereum blockchain. This standard ensures that tokens are compatible and work seamlessly with each other.
“Intensive development activity are important indicators of the sustainability and reliability of a project.” – Centiment
The development of Starknet contributes to the diversification of scalability solutions in the Ethereum ecosystem. The success of the project may attract the attention of more developers and investors in the future. The rise of Starknet once again revealed the importance of layer-2 solutions in the Ethereum ecosystem. Such solutions are considered critical steps to increase the processing capacity of the network and improve the user experience.
However, as always, it is important for investors to carefully follow the development activities and market dynamics of the projects. Santiment’s evaluations can be a valuable resource for understanding the potential of projects.
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 carry out their transactions in line with their own research.
