Starknet, a layer-2 scaling solution for Ethereum 
$3,366, has recently been ranked first among ERC-20 tokens in a new evaluation by Santiment. The crypto analytics firm reported that Starknet achieved an impressive 401.97 significant GitHub activities in the past 30 days, highlighting its strong developer engagement.
Features of Starknet
Starknet is known for its decentralized validity participation, commonly referred to as zero-knowledge (ZK) participation. These solutions execute transactions outside the Ethereum blockchain while maintaining transaction data records. The project launched its own token last February.
As of now, STRK is trading at $0.455, making it the 119th largest cryptocurrency by market cap, with an increase of over 7% in the last 24 hours.
Santiment’s Evaluation Methodology
Santiment noted that they use a “better methodology” for collecting GitHub activities, excluding routine updates. This approach allows for reliable tracking of GitHub activities in crypto projects. Furthermore, Santiment stated that high development activity reflects developer confidence in a crypto project, thus reducing the likelihood of it being a scam.
Last month, Starknet surpassed Chainlink 
$26 to become the ERC-20 project with the most GitHub activity. Chainlink recorded 311.57 significant GitHub activities, while Ethereum came in third with 219.13 activities. The ERC-20 standard enables developers to create tokens on the Ethereum blockchain, ensuring compatibility and seamless interaction among tokens.
Starknet’s development contributes to diversifying the scalability solutions within the Ethereum ecosystem. Its success could attract more developers and interest from the community. The rise of Starknet underscores the significance of layer-2 solutions in enhancing network capacity and user experience.
