Ethereum has seen no shortage of scaling solutions in 2023 and here to mix things is Starkware’s new zero-knowledge scaling solution, Starknet. OpenOcean has already rolled out support for trading on Starknet, introducing the best capital efficient trading experience on the brand new Ethereum Layer-2 by Starkware.
Introducing Starknet Mainnet
StarkNet is a permissionless decentralised validity rollup, or ‘zk-rollup’ built on the Ethereum network and utilises zkSTARK technology. The main aim of Starknet is to ultimately improve on Ethereum’s scalability and efficiency whilst pushing the boundaries of developer imagination. StarkNet is not currently developing for EVM compatibility and so to deploy smart contracts on StarkNet, developers need to learn Cairo, a programming language built for STARK provable programs by StarkWare. ZK-STARKs are more scalable in speed and size than ZK-SNARKs (like zkSync and Polygon zkEVM) with potential for up to ten-times faster TPS.
The first DEX Aggregator on Starknet
OpenOcean has long since held the goal of being the widest reaching aggregator in the crypto space which is why, following the guidance of the community, OpenOcean has launched aggregation services amongst the deepest and more secure liquidity pools on Starknet. By integrating JediSwap, MySwap, SithSwap and 10kSwap, aggregation services will support all levels of user-efficient trading from individuals to projects. As time progresses OpenOcean will continually source and index deep liquidity pools from new platforms that will help bolster the on-chain capital efficiency of aggregated swaps.
“Scaling has been the primary challenge that this ecosystem has been fighting with over the past several years. We believe that version 12 brinsgs with it this Quantum Leap — in fact, there are a whole series of leaps that will roll out through the summer we’ll go through. But we are already in the triple digits for transactions per second.” — Uri Kolodny, Starkware co-founder
The team behind Starknet
Founded by Uri Jolodny and Eli Ben-Sasson, Starkware is the 2018 Israeli parent company behind both StarkNet and StarkEx. StarkEx is the other Layer-2 SaaS they’ve released that also uses STARK proofs to offer mass application scaling. Their main goal, as well as progressing ZK-STARK technology, is to improve the scalability and privacy of blockchains, such as Ethereum, for everybody.
The OpenOcean API is now accessible on Starknet!
We are thrilled to unveil our robust API, which is now at the disposal of everyone on Starknet. The latest iteration of our API lets you execute a variety of tasks, ranging from price quotes and wallet creation to swaps and balance transfers. If you’re a developer on StarkNet, or any of the networks we assist, and in need of a resource to kickstart your platform, the OpenOcean advanced API could be exactly what you’re searching for.
How to get started:
As Starknet is not EVM compatible, you will need a wallet which can work on the new chain to send, receive and hold tokens. We recommend Argent. Argent is your gateway to exploring the StarkNet ecosystem and the very first step to getting started. The below guide shows you a rundown on how to download your wallet and bridge assets over to L2 StarkNet.
- Ensure your computer has Chrome or Mozilla Firefox
- Download Argent X here
- Download the Chrome extension (highly recommended as StarkGate Alpha does not support Mozilla) Or the Mozilla extension
- Open extension, click “New Wallet” and deploy (may take a few minutes)
- Ensure that you set up account recovery so that you are able to access your wallet in case you lose your device
- To transact, bridge some funds using the StarkGate bridge or Orbiter Finance
- Navigate to app.openocean.finance, select StarkNet and enjoy the most seamless trading experience in web3.
About OpenOcean
OpenOcean is a leading DEX Aggregator, cross-chain swap aggregator, and Web 3 middleware developer in the crypto space, offering a suite of tools across 30+ networks and 300+ deep liquidity sources. OpenOcean is building a one-stop trading platform, to bring users the best swap returns for decentralised crypto trading.
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