Starknet
Summary
Starknet is a permissionless ZK-rollup Layer 2 network on Ethereum, developed by Israeli cryptography firm StarkWare Industries. It uses STARK-based validity proofs and the Cairo programming language to scale Ethereum throughput. The project launched its STRK token in February 2024 and reached L2Beat Stage 1 decentralization in May 2025, but has faced significant community criticism over its airdrop eligibility criteria and an early, aggressive token unlock schedule for investors and early contributors.
Connected Entities
1 entities · 10 linked investigations- + 3 more
Timeline(13 events)
2018-01-01
StarkWare Industries founded in Israel by Eli Ben-Sasson, Uri Kolodny, Alessandro Chiesa, and Michael Riabzev.
StarkWare Industries — Wikipedia2022-03-11
StarkWare raises $100 million Series D round at $8 billion valuation, led by Greenoaks and Coatue. Three Arrows Capital and Alameda Research among earlier round investors.
StarkWare Reaches $8B Valuation — CoinDesk2022-11-16
STRK token ERC-20 contract deployed on Ethereum.
Starknet token is deployed on Ethereum — Starknet Official2023-11-12
STRK token bridged to Starknet via the StarkGate protocol.
Starknet 2024 Year in Review — Starknet Official2024-01-11
StarkWare CEO Uri Kolodny steps down for family health reasons; co-founder Eli Ben-Sasson takes over as CEO.
StarkWare CEO Uri Kolodny Steps Down — CoinDesk2024-02-20
STRK Provisions airdrop distributed to over 1.3 million recipients; STRK launches at approximately $4–$5.30 all-time high. Immediate community backlash over eligibility criteria.
Starknet Airdrop Eligibility Clash Triggers 90% Drop in Users — BeInCrypto2024-02-22
StarkWare announces revised token unlock schedule, reducing April 15 unlock from 13.1% to 0.64% of total supply following community backlash. STRK price jumps 10% on announcement.
Starknet's STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks — CoinDesk2024-11-26
Starknet Staking Phase 1 goes live on mainnet, becoming the first L2 to introduce staking.
Starknet makes history as first L2 to introduce staking on mainnet — Crypto.news2025-02-12
zkLend, a Starknet-based lending protocol, is exploited for approximately $9.57 million via a decimal precision vulnerability. Funds partially recovered after attacker returns approximately $3.2 million.
Explained: The zkLend Hack (February 2025) — Halborn2025-05-16
L2Beat assigns Starknet Stage 1 decentralization rating, making it the only ZK-rollup to hold that classification. Starknet concurrently surpasses ZKsync Era to become the largest ZK-rollup by TVL.
Starknet hits Stage 1 decentralization, tops ZK-rollups — CoinTelegraph2025-09-01
Starknet v0.14.0 'Grinta' upgrade goes live, introducing distributed sequencer architecture with three nodes running in consensus rotation — all three operated by StarkWare.
Starknet v0.14.0 set to go live on mainnet Sep. 1 — Crypto.newsDecision Log
- hash: J8VACYUPyygrqZYYxwekJAd1uzuGpjVfdKDC9pE4ytAr
- hash: FEFPExfDG6mW1mJXjENvay5VLpNBw7jnYFLMcGGs6ULZ
- hash: 9kiZnXGxAd7URYb6gRbnJNjNRUA3MPd9GCtVAAN1zrkb
- hash: C5w3St4wKLfgBkAkGfVdDPe5nKKCmTvz4xcg1fQR79GC
- hash: 2sv5pV5TULJdE3AArdS9f1tKazNvH4tqrMr8WyVfv6XE
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:41:54 PM
last updated: 6/14/2026, 11:16:07 PM
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