Starknet
Starknet reactivated its ecosystem and reached at least $276 million in TVL, driven by an aggressive rewards program for Bitcoin deposits. StarkWare CEO Eli Ben‑Sasson says the result validates turning Bitcoin into a productive, liquid asset.
ZCash plunged about 26% in a single day and Starknet’s gains evaporated after a scheduled token unlock, exposing recurring structural weaknesses. A newly circulated Zero Knowledge Proof manifesto outlines tokenomic and governance changes aimed at reducing sell pressure and boosting resilience.
Eli Ben‑Sasson, co‑founder of Zcash and Starknet, says demand for privacy is rising and outlines the technical challenge of preserving payment integrity on public blockchains. He points to zero‑knowledge proofs and protocol design as key tools to reconcile confidentiality with verifiability.
Starknet’s native token STRK jumped 35% on Monday as analysts point to parallels with Zcash and renewed interest in zero-knowledge tech. The move highlights growing appetite for zk-based projects across the crypto market.