Starknet to hand 10% of network fees to devs, with $3.5M in first distribution

Layer-2 network StarkWare and the Starknet Foundation are set to distribute a 10% cut of network fees to developers, a part of a pilot program called “Devonomics.” 

In an announcement shared with Cointelegraph on Dec. 12, StarkWare CEO Uri Kolodny said it was allocating a portion of the network fees, provisionally 8%, to decentralized app builders and 2% to infrastructure engineers and core developers through a transparent and open voting process.

“It’s all about giving the hands-on builders a strong voice in shaping the network,” explained Kolodny.

The Devonomics initiative will begin with an initial distribution covering all transaction fees accumulated from the platform’s launch until Nov. 30, 2023. This equates to around 1,600 Ether (

In November, Starknet outlined plans to improve the decentralization of three core components of its rollup solution.

Starknet is the ninth-largest layer-2 network with a total value locked of $137 million, according to industry analytics platform L2beat. Moreover, TVL has increased by over 2,600% since the beginning of 2023.

Additional reporting by Gareth Jenkinson.

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