Odaily News StarkWare CEO Eli Ben Sasson said he expects transaction speeds on the company's Ethereum L2 Starknet to increase fourfold in the next three months, while fees will drop "fivefold." Sasson said at DevCon 2024 in Bangkok last week that network improvements will mainly come from "better compilation and faster execution" of Starknet's native smart contract language Cairo. Starknet will cross the 1,000 TPS milestone and compete with chains such as Solana, which typically handles between 800 and 1,050 non-voting TPS, according to Solana Compass data. Sasson asserted that Starknet's TPS will exceed 1,000 or more in the next "three months." He added that Starknet fees will also be further reduced, "We are expected to reduce transaction costs on Starknet by 5 times, which may make it the cheapest L2." (Cointelegraph)