Starknet Achieves 500x Lower Gas Fees Than Ethereum L1

馃殌 Gas Fees Just Evaporated

By Starknet
Jun 2, 2025, 2:01 PM
twitter
News article
Photo by Starknet

Starknet's year-long optimization efforts have resulted in dramatic gas fee reductions, now operating at costs 500x lower than Ethereum L1.​

Key developments:

  • @focustree_app onboarded 80k+ users with abstracted wallets
  • Total cost: $220 for 170k+ transactions
  • Average transaction cost: $0.​001348

@karnotxyz demonstrated seamless L2<>L3 integration:

  • No bridges required
  • No network switching
  • Direct L3 interaction from L2

The platform is now positioned for mass adoption with web2-like UX and minimal blockchain friction.​ @RealmsEternum plans to showcase onchain gaming capabilities next week.​

Sources
Read more about Starknet

Starknet Launches Native USDC Migration with 1-Click Gas-Free Conversion

**Native USDC is now live on Starknet** as the canonical stablecoin, replacing USDC.e through a comprehensive ecosystem-wide migration. **Migration Options:** - **StarkGate Portal**: 1-click, gas-free, 1:1 conversion with zero slippage - **AVNU**: Auto-routing to best rates between migration contract and native pools - **Wallet Integration**: Braavos, Xverse, and Keplr offer direct migration prompts **Key Features:** - **Vesu**: Full 1-click migration for entire positions including collateral and debt - **Ekubo**: USDC.e/USDC liquidity pool ensures smooth transition swaps - **Extended**: Automatic migration with zero user impact required - **Ready**: Direct migration through mobile app for card users The migration process is designed to be simple and well-supported across the entire Starknet ecosystem, with multiple pathways available depending on user preferences and wallet choice.

馃殌 Ethereum Ships Fusaka

**Ethereum successfully deployed the Fusaka upgrade**, marking a significant milestone in the network's scaling journey. The upgrade delivers: - Enhanced scaling capabilities - Maintained decentralization and security - Improved L1 performance - Increased blob throughput **Fusaka follows the earlier Pectra upgrade** this year, continuing Ethereum's systematic approach to network improvements. The successful deployment reinforces the argument for **building on Ethereum rather than alternative L1 networks**, as the established infrastructure continues to evolve and improve. This upgrade represents another step in Ethereum's long-term scaling roadmap, demonstrating the network's ability to enhance performance while preserving its core principles of decentralization and security.

Starknet Ecosystem Accelerates with BTCFi Launch and Major Infrastructure Upgrades

Starknet Ecosystem Accelerates with BTCFi Launch and Major Infrastructure Upgrades

**Starknet's BTCFi era is gaining momentum** with over 1,000 BTC already bridged to the network in just three weeks. **Major infrastructure improvements are rolling out:** - Native USDC implementation via burn-and-mint model - LayerZero integration for enhanced interoperability - Stargate and CCTP v2 deployment - Privacy features in development **Stablecoin adoption hits new records** with $143M+ total value, representing 70% growth in 30 days. The shift from bridged USDC (USDC.e) to native USDC will eliminate wrapped tokens and reduce counterparty risk. **Benefits for users include:** - Unified liquidity across chains - Simplified user experience - Lower transaction costs - Direct institutional access via Circle Mint New DeFi products are launching weekly as the ecosystem expands beyond basic functionality into Bitcoin-focused financial services.

馃殌 BTCFi Milestone Reached

**BTCFi reaches major milestone** with over 1,000 BTC now bridged to Starknet in just three weeks. The integration represents early progress in bringing Bitcoin DeFi capabilities to the Ethereum Layer 2 network. - 1,000+ BTC successfully bridged to Starknet - Three-week timeframe shows rapid adoption - Additional products and use cases in development Starknet positions this as the beginning of their "BTCFi era" with more functionality planned for Bitcoin-based decentralized finance applications.

Ex-Revolut Team Launching Next-Gen Perpetual DEX on Starknet

A significant DeFi development is coming to Starknet with a new perpetual DEX launching tomorrow. Built by former Revolut team members, it will introduce: - Leverage trading capabilities - Traditional finance asset pairs - Yield farming opportunities In other news: - Layer Akira adds 8 new tokens with $10k lottery campaign - RocketX now bridges ~180 chains to Starknet - Cartridge Controller adds Gmail login support - Byte Beasts integrates Worldcoin verification - New NFT collection Schizodio sells out in under 24 hours [Full weekly recap](https://starknetresearch.substack.com/p/starknet-roundup-182)