📝2023 has been a great year for the Starknet chain and its ecosystem! Despite bear market conditions, Starknet has experienced eye-catching growth in terms of transactions, users’ activity, and inflow volume from the Ethereum mainnet and other chains to its ecosystem.

For the first time, Starknet reached over 10 million monthly mainnet transactions in August and continued the growth rate by hitting over 15 million transactions in September! On average, 8.48k new users joined Starknet in 2023, which is 6.02k higher than the same metric in the past year. Additionally, there has been more than 4x growth in the average inflow bridge to Starknet this year compared with 2022.

📝One of the biggest news of Starknet in 2023 was the deployment of 3 recent upgrades.

The first upgrade (v 0.12.0) was deployed on July 12, the second (v 0.12.1) was deployed on August 21 and the 3rd (v 0.12.2) on September 5. (you can find full details of these upgrades by clicking on hyperlinks)

Based on what we can see on the daily TPS chart, these updates had significant impacts on the Chain’s speed growth. As we saw in the prevoius part, for the first time, the number of transactions reached +10 million in a single month (August) and these updates surely played a big role in that.

Another buzzing event was the launch of several ecosystem-community driven campaigns since May 2023:

• Xplorer by ArgentX wallet

• Starknet Journey by Braavos wallet

• DeFi Adventure by Starknet Türkiye community

Each of these campaigns had several weekly quests that helped users interact with the Starknet ecosystem & participants could mint the related quest’s NFT by completing it. Around 25% (735k) of Starknet users participated in these campaigns and kept interacting with the Starknet ecosystem week by week. Therefore, another impactful factor to the growth of the users' activity rate recently was these campaigns.

📝Aside from the growth of transactions and user activity, the bridged volume to Starknet has also increased significantly. A reason for the growth is the rise in active addresses & another reason is integration with third-party bridges like LayerSwap. Since the official bridge of L2 chains only supports Ethereum mainnet - L2 route, and because of high fees, many users prefer to find other ways to move funds. Platforms like LayerSwap and Orbiter let users transfer assets from different chains to destination with lower fees compared with mainnet bridge, which opens new ways to inflow volume to Starknet. Within less than one year since integration, third-party bridges added 23% to total bridged volumes to Starknet, which may be another reason for Starknet's inflow growth.

📝Among the recent Starknet events, the Xplorer campaign has truly heated up the ecosystem! Over 480k users have minted these campaigns' NFTs! The campaign's effectiveness lies in the one-year deadline for minting each quest's NFT after completing it, which encourages users to stay active for the long term. Although the campaign ended in July, many Xplorer NFTs are still being minted daily.

As we can see after ending the campagin, the participants are still active on the chain! Around %20 of total active Starknet users are the ones who participated on Xplorer campaign earlier and %7.7 of thier transactions minting Xplorer NFTs even after the end of the campaign's quests in July!

Also 275k of the campagin participants were maid thier 1st Starknet transaction after the start of campaign and can be considerd as new wallets. 34% of these new wallets have connctions with other campagin participants which means either they are created for hunting more rewards or refered by other participants (freinds maybe!) to interact with Starknet!

Thank you for your attention. Have a nice time👋

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Dashboard's related thread: https://twitter.com/h355i/status/1706719789643681874