Case Study: Starkware
Prepared by dOrg
Author: Max, Sales Lead
Date: 19th January, 2023
A case study by dOrg about our collaboration with StarkWare across 3 projects.
Abstract
dOrg has worked on three different projects with StarkWare since 2021: the Starknet AMM Demo App, the RhinoFi integrations with Opera Browser, and the StarkEx Metrics Dashboard. The RhinoFi integration into a native wallet in Opera Browser is available to over 380 million users, saving users gas on trading fees in an easy-to-use interface.
The StarkEx Metrics Dashboard tracks total value locked, number of transactions executed, type of transactions processed, and cumulative trading volume across all major StarkEx instances.
As of Q1 2023, there is over $531m total value locked (TVL) in StarkEx, over 391m transactions executed on StarkEx, and over $907m cumulative trading volume over Q1 2023. The Starkware x dOrg collaboration continues to this day.
Background
StarkWare develops STARK-based solutions that provide secure, trustless, and massive scaling services to blockchain applications. dOrg has contributed to both of their core solutions, Starknet and StarkEx. Starknet is a permissionless decentralized Validity-Rollup (often referred to as a zk-Rollup).
It operates as a Layer 2 over Ethereum, enabling a dApp to achieve unlimited scale for its computation - without compromising Ethereum’s composability or security.
StarkEx is a scaling SaaS solution that optimizes around the scaling needs of particular blockchain applications, such as derivatives and spot trading. Since April 2021, Starkware has engaged dOrg to build a variety of highly technical products including an Automated Market Maker Demo Application, a RhinoFi integration with Opera, and StarkEx Metrics Dashboard.
In order to deliver on these products, the dOrg team formed a deep understanding of the Starkware’s needs, tech stack, and roadmap. The Automated Market Maker Demo Application required functionality to mint, swap, and trade sample tokens.
The RhinoFi integration with Opera Browser facilitates users making cheaper trades using RhinoFi protocol connection to the markets via their APIs with underlying scalability provided by StarkEx.
RhinoFi provides the best price for crypto trades to Opera browser crypto wallet users via their protocol.tStarkEx Metrics Dashboard provides users with an overview of the performance of StarkEx at large.
Team
dOrg provided a variety of web3 specialties towards the Starkware engagements including end-to-end development and design for the flagship demo of AMM application before Starkware Alpha’s first public release in November 2021.
At the same time, for each project, we assigned a dedicated Tech lead– to ensure quality code, documentation, and testing– as well as a Project Manager to ensure smooth coordination, including scheduling, feedback, personnel assignment, and work reporting.
Core Projects
Automated Market Maker Demo Application:
End-to-end design and development of the flagship demo app for StarkNet ahead of its first public release,
High-fidelity, fully styled mock-ups,
Front-end implementation and API integration,
Production devops setup.
RhinoFi integration with Opera:
Built support for StarkEx RhinoFi (prev “DeversiFi”) into native wallet of Opera Browser (80 million users).
Built UI and API integration.
Coordinated between multiple teams at Starkware, RhinoFi, and Opera.
Ported Starkware’s cryptographic libraries and key derivation algorithms to Java.
StarkEx Metrics Dashboard:
Enabled parallel monitoring and analysis of performance and transaction metrics across all StarkEx instances.
Implementation of the UI,
Devops setup and cost optimization,
A data aggregation API that dOrg identified the need for, architected, and implemented.
Business Objectives
For each project with Starkware, we have provided web3 expertise that helped them reach key business objectives: providing proof of concept for an AMM, aiming for mass crypto adoption with RhinoFi, and providing statistics on the current usage of StarkEx.
Our Automated Market Maker (AMM) Demo Application provided proof of concept for an AMM built on Starkware testnet in June 2021 before their Starkware Alpha launch in November 2021.
We’ve built RhinoFi into a native wallet in Opera Browser which is available to over 380 million Opera Browser users with over 170,000 active crypto wallet users. This enables cheaper trades over the Ethereum network on Starkware.
Finally, the StarkEx Metrics Dashboard we built tracks total value locked in StarkEx, number of transactions executed on StarkEx, and cumulative trading volume of StarkEx transactions. As of Q3 2022, there is over $508m total value locked in StarkEx, over 304m transactions executed on StarkEx, and over $789m cumulative trading volume over Q3 2022.
Conclusion
dOrg delivered bleeding-edge solutions for all three Starkware engagements: an AMM Demo Application, the RhinoFi integrations with Opera, and the StarkEx Metrics Dashboard.
By providing our web3 expertise, we helped them reach key business objectives, as well as technical milestones on their roadmap. Starkware continues to engage dOrg on an on-demand basis, helping them reach their roadmap milestones and business objectives.
Contact Us
dOrg has a longstanding history of complex web3 development and integration partnerships. We’ve worked with over 70 web3 projects since 2019 with more than 2 billion dollars of total lifetime value in shipped products: Hire Us.
Press
Opera Integrates Ethereum Layer 2, bringing access to DeFi to Millions of Users. (2022, February 23). Opera. Retrieved December 21, 2022, from https://press.opera.com/2022/02/23/opera-ethereum-layer2-defi-starkware-diversify/
StarkNet Planets Alpha on Testnet | by StarkWare | StarkWare. (2021, June 14). Medium. Retrieved December 22, 2022, from https://medium.com/starkware/starknet-planets-alpha-on-ropsten-e7494929cb95