StarkWare don split afta Starknet revenue collapse 99% cos L2 fees don drop
StarkWare talk say dem go split into two independent units and cut jobs after Starknet revenue collapse by 99%, wey broad drop for layer-2 (L2) fees carry across tech sector cause am.
Starknet fit dey make about ~$6M per month for late 2023, but revenue drop reach around $48K by early April 2026. StarkWare point to Ethereum EIP-4844 upgrade for March 2024 wey reduce fee generation for L2 solutions industry-wide. Even so, Starknet TVL still pass $200M, meaning activity fit steady pass the fees.
CEO Eli Ben-Sasson talk say the restructure dey move away from "infrastructure-only" to in-house, revenue-generating products wey get clearer ownership. New Applications unit go launch, led by researcher Avihu Levy, wey also publish "Quantum Safe Bitcoin (QSB)". QSB approach dey use hash-based proofs for quantum resistance, but the trade-off na high compute—estimated $75–$200 per transaction vs about $0.33 typical BTC fees.
For crypto traders, the key short-term signal na Starknet revenue. As Starknet revenue now dey far below e late-2023 peak, fee outlook risk don rise and sentiment fit remain pressured for STRK and other L2s wey rely on transaction fees, even as TVL hold up.
Bearish
Starknet revenue don fall, e dey show say fee generation go weak for front. Even though TVL still pass $200M, if fees dey low steady, e dey usually reduce wetin people expect for ecosystem revenue and fit put pressure for valuations wey base on fee activity. For STRK and Starknet-adjacent L2 story, the restructuring and job cuts confirm say cash-flow risk real. The long-term product pivot fit help, but short-term market likely go still focus on Starknet revenue and fee outlook rather than on quantum-resilient R&D.