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StarkWare Appoints Researcher to Lead New Applications Unit as Layer-2 Revenue Slows

StarkWare announced layoffs and a reorganization after Starknet monthly revenue dropped from about $6 million in late 2023 to roughly $48,000 in early April 2026, underscoring pressure on its Layer-2 business.

STRK

Summary

StarkWare announced layoffs and a restructuring as Starknet’s monthly revenue fell from about $6 million in late 2023 to about $48,000 in early April 2026. The company said it is creating two business units, one focused on revenue-generating applications and another on Starknet development. It is also bringing Cairo, Sierra and quantum-safe STARK cryptography under tighter internal control, reflecting a broader effort to reorganize core technology and business operations as Layer-2 revenue declines.

Terms & Concepts
  • Layer-2: A blockchain scaling network built on top of a base chain to improve speed or lower costs while relying on the main chain for security.
  • Cairo: A programming language developed for Starknet and StarkWare systems, used to write provable programs for zero-knowledge-based blockchain applications.
  • STARK cryptography: A type of cryptographic proof system used to verify computations efficiently, forming a core part of StarkWare’s scaling technology.