Starknet
Project Twitter: https://twitter.com/Starknet
Project Website: https://starknet.io/
Tokens Unlocked This Round: 130 million
Value of Unlocked Tokens: Approximately $7.19 million USD
Starknet is a Layer 2 for Ethereum, utilizing zk-STARKs technology to make Ethereum transactions faster and cheaper. Its parent company, StarkWare, was founded in 2018 and is headquartered in Israel. StarkWare's main products include Starknet and StarkEx. By using STARKs, Starknet verifies transactions and computations without requiring every network node to validate each operation. This significantly reduces the computational load and increases the throughput of the blockchain network.
Arbitrum
Project Twitter: https://twitter.com/arbitrum
Project Website: https://arbitrum.io/
Tokens Unlocked This Round: 95.87 million
Value of Unlocked Tokens: Approximately $13.71 million USD
Arbitrum is an Ethereum Rollup designed to enhance Ethereum's scalability. It aggregates and processes transactions off-chain before submitting a single transaction to the Ethereum mainnet. This means users can enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. The native token of Arbitrum is ARB. ARB holders can participate in the decision-making process, such as proposing and voting on protocol upgrades or changes.
