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Analysis of the Top Ten Potential Projects in the Starknet Ecosystem: From Wallet to Decentralized Finance
Top 10 Projects to Follow in the Starknet Ecosystem
Starknet, as a Layer 2 scaling solution for Ethereum, is rapidly growing. This article will introduce the ten most promising projects in the Starknet ecosystem, covering various fields such as wallets, cross-chain bridges, and DeFi.
Introduction to Starknet
Starknet is a decentralized Layer 2 protocol based on ZK-Rollup technology, utilizing the STARK cryptographic proof system, enabling high scalability while maintaining Ethereum's composability and security. Starknet contracts are written in Cairo language and support the deployment of various business logic.
Ecosystem Projects
1. Argent X Wallet
Argent X is a decentralized wallet that features multi-signature security and social recovery. It does not require a mnemonic phrase, eliminating the single point of failure associated with traditional self-custody wallets. Recently, Argent X announced the launch of new features such as seedless wallets, 2FA authentication, and mobile support.
2. Braavos
Braavos is a self-custody wallet based on Starknet's smart contracts, utilizing account abstraction technology. It supports iOS, Android, and browsers, aiming to provide a Web2-like user experience. Braavos plans to offer services such as staking and lending in the future, and supports account segmentation features.
3. Orbiter Finance
Orbiter Finance is a decentralized cross-Rollup Layer 2 bridge that supports low-cost instant transfers between networks such as the ETH mainnet, zkSync, and Arbitrum. It utilizes two roles, Sender and Maker, to ensure the security of transfers through smart contracts.
4. StarkGate
StarkGate is a token bridge developed by StarkWare between Ethereum and Starknet. It supports the transfer of ETH and ERC-20 tokens between L1 and L2, enabling communication through Starknet's messaging mechanism.
5. ZKX
ZKX is the first perpetual futures exchange on Starknet with self-custody and community governance. It provides scalability through a decentralized network of nodes, offering users perpetual swaps and derivatives trading services. ZKX is committed to providing profit opportunities for global users.
6. zkLend
zkLend is a Layer 2 currency market protocol built on Starknet, combining the scalability of zk-rollup with the security of Ethereum. It offers two solutions for institutional and DeFi users, balancing compliance with decentralization.
7. Starknet ID
Starknet ID is similar to the ENS version of Starknet, allowing users to mint their own Starknet identity for free. It serves as a passport and on-chain representation for users on Starknet, supporting the addition of various Web2 and Web3 data.
8. JediSwap
JediSwap is a permissionless composable AMM on Starknet. Users can conduct swap trades with 0 gas fees without losing custody of their funds, only paying a 0.3% swap fee.
9. Nostra
Nostra is building the liquidity layer of Starknet, which includes three main products: the money market, the native stablecoin UNO, and Nostra Swap.
10. Brine
Brine is a cross-chain DEX that uses an AMM-based order book model for trading. It charges a fixed trading fee of 0.1% but does not charge gas fees.
These projects cover multiple key areas of the Starknet ecosystem, showcasing the immense potential of this Layer 2 network. With the continuous development of Starknet, we can expect to see more innovative projects emerging.