Starknet’s DeFi TVL rose about 5% over a slightly shorter period, while its proposed Layer 1 shift remains under discussion.

The token’s rally outpaced bitcoin and ether, while daily trading on Starknet’s decentralized exchanges rose to about $33.7 million.

The execution layer's launch comes alongside a DeFi stack, including a Bitcoin L1 DEX, permissionless smart contract deployment, and OP-20 token launches.

The payments-focused L1 launches with a slew of fintech and TradFi partners, while MPP is aimed at enabling agentic commerce.

Alongside its permissionless blockchain, the firm also revealed investments from Citadel Securities and ARK Invest.

The Ethereum L2 is aiming for its own L1 launch, while on-chain data shows falling transaction activity.

Web2 firms are betting on their own blockchains, but many web3 industry leaders are questioning the move away from Satoshi Nakamoto’s vision and ethos.

The payments network features design input from a star-studded lineup including Anthropic, Visa, OpenAI, and Deutsche Bank.

The round was led by Paradigm, and includes MakerDAO’s Rune Christensen and Coinbase Ventures.

The Ethereum founder thinks it could be “worth adding some pretty sophisticated L1 features to reduce the code burden of L2s.”