StarkWare is implementing a significant reorganization, including staff reductions, as its flagship Starknet network experiences a revenue collapse exceeding 99% from its peak. The company is restructuring into two business units, shifting its focus from scaling Ethereum to developing its own revenue-generating products.
CEO Eli Ben-Sasson announced the changes, emphasizing a need to "convert technological superiority into meaningful revenue." Starknet's monthly revenue, which reached nearly $6 million in late 2023, has fallen to approximately $48,000 in early April 2026. This decline is partly an industry-wide trend amplified by Ethereum's EIP-4844 upgrade, which reduced Layer 2 fee revenue.
Despite the revenue drop, Total Value Locked (TVL) on Starknet remains above $200 million. The company will launch a new revenue-focused Applications unit, led by researcher Avihu Levy. Levy recently published a paper on Quantum Safe Bitcoin (QSB), a method to make bitcoin transactions resistant to quantum attacks.
Ben-Sasson stated the new unit will prioritize products with "immense potential revenue" that can be developed "by no other team, in no other way," with minimal dependencies on external networks or teams.