• Starknet released its latest upgrade, v0.12.1, to improve transaction efficiency on the rollup
• Other popular L2s like Polygon zkEVM and zkSync Era are also continuing to grow
• Starknet’s TVL has gained recent upward momentum after a decline
Starknet Releases New Update
Starknet recently rolled out v0.12.1 as part of its Quantum Leap network update which adds new features to the rollup to improve efficiency. These features include mempool validation and Keccak built-in as well as a validation stage before sequencing to filter out invalid transactions earlier with failed transactions being included in the block paying fees.
Competition Among Rollups
The competition between various rollups is stiff, with Starknet outperforming zkSync Era in terms of active addresses while other rollups such as Polygon zkEVM and Optimism also continue to grow significantly. This has lead to an increase in popularity for all these various rollups over several weeks.
TVL Upward Momentum
After registering spikes on 19 August, both Starknet’s active addresses and daily transactions have seen a decrease, however their Total Value Locked (TVL) has seen some upward momentum after declining initially due to the updates deployed on other networks like Polygon zkEVM whose total deposits exceeded 115 million mark with total unique address crossing 400k only after 5 months of deployment.
zkSync Era Performance
Not only Polygon zkEVN but even zkSync era has been performing well against Ethereum [ETH], Arbitrum One, Optimism [OP] and other rollups in terms of key metrics such as daily transactions where it surpassed them all considerably.
Overall it can be concluded that although there is tough competition among various rollups currently present in the market, updates like those released by Starknet are helping them adapt better leading an overall improvement in performance while pushing their popularity further up thereby driving adoption across different networks.