Nansen: Starknet's average daily transaction volume in Q2 reached approximately 239,000, with STRK20 and strkBTC driving ecosystem upgrades

Odaily News: Blockchain data analytics platform Nansen has released its "Starknet H1 2026 Report," stating that in the first half of 2026, Starknet completed its strategic transformation from a high-performance Layer 2 network to a "privacy-preserving execution layer," with the launch of the STRK20 privacy framework and the Bitcoin asset strkBTC becoming the most significant ecosystem upgrades.

The report notes that as an Ethereum-based ZK-Rollup network, Starknet generates STARK proofs off-chain and verifies them on-chain, achieving high throughput and low transaction costs. Its smart contracts use the Cairo language specifically designed for verifiable computation and support native account abstraction features.

In the first half of this year, Starknet rolled out the v0.14.2 upgrade, introducing the SNIP-36 protocol, which laid the technical foundation for private transactions. This upgrade allows the network to directly verify off-chain execution proofs, enabling confidential state transfers without exposing account balances and counterparty information. Additionally, SNIP-37 adjusted the network's economic model, raising storage costs and lowering base gas fees to optimize incentives for long-term state growth.

In terms of privacy applications, Starknet launched the STRK20 privacy framework, allowing users to convert any ERC-20 asset into encrypted balances and perform private transfers, trades, and DeFi interactions. The system is based on zero-knowledge proof technology and incorporates a Viewing Key mechanism for compliance auditing, supporting targeted information disclosure in regulatory scenarios while protecting user privacy.

On-chain data shows that in Q2 2026, Starknet's average daily transaction volume was approximately 239,000, with around 50,000 daily active addresses. During the period, a total of 22.5 million transactions were completed, involving approximately 71,000 users. Among these, the DEX aggregator AVNU contributed around 14 million transactions, accounting for 62.2% of total volume, while the gaming infrastructure Cartridge contributed 6.57 million transactions, with the two together representing approximately 91% of transaction activity.