Acceptance Of Layer 2 Blocks On Layer 1 Chain

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Here we are interested in knowing how many layer2 StarkNet blocks have been accepted on the Ethereum (L1) chain to date? What is the amount of fees that have been paid (generated) to Ethereum’s network? How much money has StarkNet saved its users in transaction fees?

Introduction

There is no permission required to use StarkNet, it’s a permissionless, decentralized ZK-Rollup. Through its L2 network, any dApp can scale for as long as they like without compromising Ethereum’s functionality or security. Starknet’s smart contracts are similar to Ethereum’s smart contracts in that they allow for easy interaction between contracts, making Starknet a richly extensible platform. By using an asynchronous message passing model, StarkNet contracts can also communicate with Ethereum contracts.


From the below graph, we can see how many layer 2 Starknet blocks have been accepted on the Ethereum (L1) chain so far.  May 12, 2022, was the date when the maximum number of blocks was 33, and November 16, 2021, when the minimum number of blocks was 2.Since May 10th 2022, there have been an increasing number of blocks accepted by the Ethereum (L1) chain. In May 18, 2022 and January 13, 2022, total blocks were lower than normal, and in November 27, 2021 and December 15, 2021, they were higher than normal.

As we can see from the graph below, a greater number of layer2 StarkNet blocks have been accepted on the Ethereum (L1) chain during May 2022.

In total, 2.89K blocks have been generated between November 2021 and June 2022. There were maximum blocks of 170 observed in May 8-14, 2022, and minimum blocks of 40 observed in November 14-20, 2022. We can therefore say that there is an increasing trend in the blocks.

Below are graphs showing the fees paid to the Ethereum network by Starkware. According to the daily fee structure, most days are paid between 0.1 and 0.6 for Ethereum gas. A maximum of 2.91 Eth Gas Fees was observed on May 11, 2022, and a minimum of 0.02 Eth Gas Fees was observed on March 13, 2022. In June 16, 2022 and May 28, 2022, total Ethereum Gas Fees are lower than normal, and in May 31, 2022 and June 13, 2022, they are higher than normal.

In the below graph, we can see that Starkware paid more gas fees to the Ethereum network in May 2022 than in any other months over a period of time . 


In most of the weeks, the gas fees are in the range of 0.1 to 0.6, as can be seen below. Furthermore, on May 11 2022, a maximum of 2.91 ETH gas fee was paid to Ethereum network by Starknet.


Based on the savings in transaction fees (ETH) using Starknet on May 11,2022, we can see that there was almost 2.87 ETH saved in gas fees using Starknet. The total amount of gas saved (eth) between November 16, 2021 and June 29, 2022 was 44.83.In May 11, 2022, a maximum Gas Saving(eth) of 2.87 was observed, and a minimum Gas Saving(eth) of 0.01 was observed in March 13, 2022. Gas Savings (eth) increased more than 100% from Nov 2021 to Jun 2022.

In the above graph, we can see that savings of gas fees to the Ethereum network by using Startnet in May 2022 is more than in any other months over a period of time .  In most of the weeks, the savings gas fees are in the range of 0.1 to 0.6, as can be seen below. Furthermore, on May 11 2022, a maximum of 2.87 ETH gas fee was saved on Ethereum network with Starknet.

Observations

According to the above analysis,

  • By looking at how many layer 2 Starknet blocks have been accepted on the Ethereum (L1) chain.  May 12, 2022, was the date when the maximum number of blocks was 33, and November 16, 2021, when the minimum number of blocks was 2. Since May 10th 2022, the Ethereum (L1) chain has been accepting an increasing number of blocks.
  • By taking a look at the fees Starkware pays to the Ethereum network. Most days, Ethereum gas is paid between 0.1 and 0.6, as per the daily fee structure. The maximum ETH Gas Fee was observed on May 11, 2022.
  • By using Starknet on May 11,2022, it is possible to see that almost 2.87 ETH was saved in gas fees in terms of transaction fees (ETH). 

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