Mar 20,2024 ·
4 min read
Page last updated 4 days ago
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Starknet is home to the fastest-growing Layer 2 (L2) developer community. Over the past year, the network marked the beginning of its quantum leap forward in enhanced performance and scalability (featuring a 10x increase in throughput with the release of Starknet Alpha v0.12.0), as well as welcomed its first appchain, the crypto-derivatives exchange Paradex, and more.
Throughout 2023, the Starknet team has paid attention to feedback from the community - users and developers - regarding what they would like to see going forward. This primarily included:
This blog post will outline Starknet's Roadmap and the major performance upgrades and fee reduction plans that aim to further enhance Starknet’s scaling capabilities.
One of Starknet’s main goals for the coming months is to improve network performance—specifically throughput—in order to support the expected rise in the number of users and developers on the network. This is why we made sure to be EIP-4844 ready from day one. Starknet enabled the blob function within a few hours of the Dencun upgrade and was the first L2 to offer a major drop in users’ fees.
Source: https://fees-growthepie.streamlit.app/
Starknet is ideally positioned to capitalize on EIP-4844, adding scalability measures of its own on top of the upgrade.
After kicking off 2024 with Starknet v0.13.0, which expanded block size on the network and reduced transaction fees by up to 25%, here are additional upgrades to boost Starknet’s performance:
EIP-4844 compatibility: V0.13.1 added support for Ethereum’s long-awaited EIP-4844, resulting in significant fee reduction. Transactions on Starknet go with an average fee of $0.017 per transaction, and keeps dropping!
Transaction parallelization: V0.13.2 will enable concurrent execution of independent transactions. This means Starknet will process a greater number of transactions simultaneously, resulting in improved throughput and faster L2 finality. ERC-20 transfers from different users, for example, will be executed concurrently instead of sequentially.
Cairo-native integration: V0.13.3 will integrate the state-of-the-art Cairo Native project by LambdaClass into the Starknet sequencer. The integration is a joint effort with Nethermind and will result in a massive performance improvement by allowing the sequencer to transition from the Cairo VM to direct execution on x86 architecture, making the running a transaction on Starknet much faster. This in effect will greatly accelerate transaction execution, reducing latency and increasing throughput.
V.0.14.0 is currently planned to focus on further fee reduction. The precise content of this upgrade will depend on the long term effects of EIP-4844 and the performance improvements leading up to it. Currently, three main improvements are being:
In the coming up months, Starknet users and developers will experience improvements in throughput and even more fee reductions, beyond the ones achieved lately as a result of a string of key performance upgrades, following requests from the Starknet community.
The short-term roadmap for Starknet v0.13.0 (v0.13.1 and v0.13.2) is fixed, however, the mid-to-long term roadmap is more moldable. The Starknet community plays a major role in the trajectory of the network, and community feedback is welcome. What’s for certain is everyone can expect innovative solutions that will continue to improve scalability on the leading Ethereum L2 going forward.
For updates on performance upgrades and more, follow Starknet on X and keep an eye on the Starknet Community Forum!