Starknet (STRK) gained over 25% and climbed to $0.1873 in an intraday jump that also caught the eye of investors.
This rally was fueled not only by market conditions but also by the remarkable technical convergence between Starknet and the rising star of recent days, Zcash (ZEC).
Zcash, which has surged in recent weeks on strong spot demand, has become a symbol of the structural capital rotation toward privacy-focused projects. While privacy-themed altcoins are outperforming most broad market segments, ZEC’s performance is beginning to carry momentum into other ecosystems.
The Starknet landscape is equally dynamic. The developer ecosystem has been accelerating ahead of this quarter’s protocol updates. The impending launch of a Bitcoin-focused financial platform, in particular, has prompted investors to re-price the project after months of stagnation.
Another factor fueling the rally is the possibility of effective connectivity. Starknet co-founder and CEO Eli Ben-Sasson is also among the founding scientists of Zcash. In his latest statement, Ben-Sasson further raised expectations by stating that the two ecosystems could form a joint technical alliance in the future:
“As a co-founder of both Zcash and Starknet, I would love to see these two favorite projects of mine form a technical alliance.”
This announcement is seen as one of the major catalysts for the sudden buying appetite in Starknet price.
The proposal, which has created great excitement in the community, is technically summarized as follows, with the title “Ztarknet, a Starknet-style L2 for Zcash”:
Only one, narrowly defined change is being made to the Zcash main chain: the addition of the STARK proof validator. This verifier validates L2 proofs through consensus. This allows Zcash to run a scalable L2 similar to Starknet. While transactions and applications are stored in L2, Zcash simply verifies the proof and accepts the new state root. Privacy and security of value are preserved in L1, while speed and programmability are moved to L2.
*This is not investment advice.