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**StarkNet’s Ethereum Layer2 Sets Record with over 40000 ETH in Cross Chain Bridging Storage**

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According to reports, according to the latest data from Dune Analytics, the total value of StarkNet\’s Ethereum Layer2 expansion solution for cross chain bridging storage has exceed

**StarkNets Ethereum Layer2 Sets Record with over 40000 ETH in Cross Chain Bridging Storage**

According to reports, according to the latest data from Dune Analytics, the total value of StarkNet’s Ethereum Layer2 expansion solution for cross chain bridging storage has exceeded 40000 ETHs. At the time of writing this article, it was 40918 ETH (over 76 million US dollars based on current ETH prices), and the number of users participating in bridging transactions was 324005. Historical data shows that the total value of StarkNet’s cross chain bridging storage exceeded 10000 ETHs in early January of this year and 20000 ETHs on March 24th, indicating that this indicator has doubled in the past half month.

The total value of StarkNet bridging storage has exceeded 40000 ETHs, doubling in the past half month

**Introduction**

StarkNet’s Ethereum Layer2 expansion solution for cross chain bridging storage has exceeded 40000 ETH, according to the latest data from Dune analytics. At the time of writing this article, the number of ETHs was 40918 (valued at over 76 million US dollars based on current ETH prices), and the total number of users participating in bridging transactions was 324005.

**What is StarkNet’s Ethereum Layer2?**

StarkNet’s Ethereum Layer2 is a solution that aims to address the scalability issues of the Ethereum network. It is built on top of the Ethereum blockchain and utilizes its smart contract capabilities. Layer2 essentially increases the capacity of the existing blockchain by creating a second layer on top of it.

**Advantages of Using StarkNet’s Ethereum Layer2**

StarkNet’s Ethereum Layer2 has several advantages over traditional blockchain solutions. Firstly, it reduces the cost of transactions by increasing the throughput capacity of the network. This is achieved by allowing transactions to be processed off-chain and then batched together before being uploaded to the mainnet. Secondly, Layer2 significantly improves the transaction speed. Lastly, it enhances the overall user experience by providing a more seamless and efficient experience.

**Cross Chain Bridging Storage**

Cross chain bridging storage refers to the process of transferring tokens across different blockchains. The process can be complex and involves several steps to ensure the safety and security of the assets being transferred. However, with StarkNet’s Ethereum Layer2, cross chain bridging storage becomes a lot simpler and more efficient.

**The Value of StarkNet’s Cross Chain Bridging Storage**

Historical data shows that the total value of StarkNet’s cross chain bridging storage exceeded 10000 ETHs in early January of this year and 20000 ETHs on March 24th. This indicates that the value has doubled in the past half month alone. The current figure of 40918 ETH represents the highest value recorded to date.

**Conclusion**

StarkNet’s Ethereum Layer2 has proved to be a groundbreaking solution for the Ethereum network. Its incorporation of cross chain bridging storage has further established its position as a key player in the blockchain space. With its growing user base, we can expect more exciting advancements from StarkNet in the near future.

**FAQs**

1. Is StarkNet’s Ethereum Layer2 exclusively for Ethereum transactions?
No, it can also be utilized for cross-chain transactions.
2. What are the fees associated with using StarkNet’s Ethereum Layer2?
The fees are significantly lower than the fees associated with traditional Ethereum transactions.
3. Can we expect further increases in the value of StarkNet’s Ethereum Layer2?
With its growing user base and increasing adoption rates, it is likely that the value will continue to increase.

**Keywords**

StarkNet, Ethereum, Layer2, cross chain bridging storage, Dune Analytics, scalability, blockchain solution, throughput capacity, transaction speed, user experience.

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