Starknet: Ethereum's Dreadnought is Back

Starknet is presented as Ethereum's "Dreadnought" moment, a rollup design built around validity proofs that the report says is positioned for a post-Dencun future. The report says Starknet has some of the lowest transaction fees among Ethereum L2s after the Dencun upgrade and envisions a transition to "zkFi," with validity proofs embedded at every level of the DeFi stack. It cites DeFi at $100b in TVL, over $5b in protocol fees and more than 10M daily active users, and says Ethereum full nodes are about 5x cheaper to purchase and run than Solana nodes. The report was supported by a grant from StarkWare.