'Dramatic Change': Starknet Creator Reveals Layoffs Amid Revenue‑Focused Pivot
first published 2026-04-13T09:48:32Z
StarkWare will split into two business units and pivot from pure scaling to building revenue-generating products after Starknet network revenue fell from roughly $6 million/month in late 2023 to about $48,000 through mid‑April 2026. The company announced job cuts, creation of a new Applications unit, and said it will prioritize products competitors cannot replicate; TVL remains above $200 million. CEO Eli Ben‑Sasson partly attributed the industry decline to Ethereum’s EIP‑4844 upgrade.
AI Analysis
Starknet network revenue dropped >99% (from ~ $6M/month to ~$48k), StarkWare is cutting jobs and splitting into two units while pivoting to revenue products; CEO cited EIP‑4844 as a contributing factor. These are concrete, material business developments directly tied to the network's economics.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
Source Articles
- StarkWare cuts jobs in reorganization as Starknet revenue plunges 99% from peak - CoinDesk
- StarkWare cuts staff in push toward revenue-generating products - Cointelegraph
- Scroll Moves to Cut Security Council and Trim DAO as Struggles Mount - The Defiant
- Starkware Cuts Jobs as Starknet Revenue Collapses - Bitcoin.com
- StarkWare Cuts Staff and Restructures Into Two Units - The Defiant
- 'Dramatic Change': Starknet Creator Reveals Layoffs Amid Revenue-Focused Pivot - Decrypt