Uniswap v3 Coming to StarkNet: What is UniStark?

There have been significant developments for StarkNet, a layer-2 solution for Ethereum (ETH) network scaling. It’s ready to accomplish another major milestone for the best Ethereum (ETH) dApps. This time around, it has been announced that Uniswap (UNI) v3 is coming to StarkNet. Here are the details…

Uniswap and StarkNet made an important announcement

StarkNet developer StarkWare team announced that Uniswap (UNI), the largest Ethereum-based decentralized cryptocurrency exchange (DEX), will soon be available on the StarkNet basis. Uniswap v3 is written on Solidity, a programming language for Ethereum Virtual Machine (EVM) smart contracts. Meanwhile, Ethereum (ETH) developers at Nethermind have created a tool to facilitate the migration of dApps written in Solidity to Cairo, the language of StarkNet.

A new tool called Warp was designed to import smart contracts written in Solidity into Cairo and hence bring EVM to StarkNet. Using this cutting-edge tool, Nethermind engineers are developing UniStark, a StarkNet-based version of Uniswap. The tool is available for testing on Nethermind’s GitHub repository. So the team emphasizes that this is not for commercial use. On October 24, 2022, the two teams will address the transition. For this, he will organize a Twitter Space broadcast.

According to Nethermind, Warp allows Solidity-based ETH startups to migrate to StarkNet, where they will leverage the codebase. In other words, it is a “Rigidity to Cairo Transpiler”. The practice of translating code from one scripting language to another is known as transpiling. In this example, Warp converts the Solidity code to Cairo, the computer language used to create StarkNet programs.

Cairo got its first update

Meanwhile, transaction metrics are increasing rapidly on StarkNet. This is why the adoption of the platform is gaining momentum. Last week, StarkNet not only surpassed L2 rivals Arbitrum and Optimism (OP), but also Ethereum’s L1 and even Bitcoin (BTC). According to statistics shared by StarkWare, the product has processed more than 12 million transactions in recent days. By their own definition, they process more transactions than Bitcoin, thanks to their “unmatched security and minimal costs.”

Last month, StarkWare’s Cairo language received its first major update to date. The update is called Cairo v1.0. The update plans to streamline the experience of StarkNet-focused developers and make the network more secure. It is also being designed to make the network resilient to attacks.

Also, StarkNet is among the most modern layer-2 solutions for the Ethereum (ETH) network. It helps scale a second Blockchain. Modern DeFi platforms get a chance to use StarkNet offers. It can use StarkEx, a “system as a service” driven by APIs. The StarkNet ecosystem demonstrates strong technical performance.