StarkWare cuts jobs in reorganization as Starknet revenue plunges 99% from peak

What Happened

StarkWare is restructuring into two independent business units and cutting staff as Starknet network revenue plummeted 99% from its peak. The company is shifting focus from scaling Ethereum to building revenue-generating products. Starknet revenue fell from approximately $6 million monthly in late 2023 to roughly $48,000 in April 2026. CEO Eli Ben-Sasson said the company must convert technological superiority into meaningful revenue and usage, prioritizing products only StarkWare can build.

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