Starknet (STRK) rose more than 25% with an intraday rally to $0.1873, which also caught the attention of Turkish investors.
This rise was driven not only by market conditions, but also by the remarkable technological fusion between Starknet and recent rising star Zcash (ZEC).
Chart showing today’s STRK price increase.
Zcash, which has soared in recent weeks on strong spot demand, has become a symbol of the structural capital rotation into privacy-focused projects. While privacy-themed altcoins are outperforming the broadest market segment, ZEC’s performance is starting to provide momentum to other ecosystems as well.
The Starknet landscape is similarly dynamic. The developer ecosystem is accelerating ahead of this quarter’s protocol updates. In particular, the impending launch of a Bitcoin-focused financial platform is prompting investors to reprice the project after months of stagnation.
Another factor driving the rise is the possibility of effective connectivity. Starknet co-founder and CEO Eli Ben-Sasson is also one of Zcash’s founding scientists. In his latest statement, Ben-Sasson further upped the ante by saying that the two ecosystems may form a joint technology partnership in the future.
“As a co-founder of Zcash and Starknet, I would love to see these two favorite projects form a technology partnership.”
This announcement is seen as one of the main catalysts for the sudden buying interest in Starknet prices.
The proposal, which generated a lot of excitement in the community, was titled “Ztarknet, Starknet Style L2 for Zcash” and is technically summarized as follows:
There is only one narrow change to the Zcash main chain. That is the addition of the STARK Proof Validator. This verifier verifies the L2 proof through consensus. This allows Zcash to run scalable L2 similar to Starknet. Although transactions and applications are stored in L2, Zcash simply validates the evidence and accepts new state roots. Privacy and value security are maintained at L1, while speed and programmability are moved to L2.
*This is not investment advice.
