Starknet Launches STRK20 Privacy Layer for ERC-20 Tokens on Ethereum Layer 2

Starknet launched STRK20, a note-based privacy layer for ERC-20 tokens, on Tuesday. According to NS3.AI, the first phase allows users to shield token balances and make private transfers and swaps on the Ethereum layer-2 network. Starknet said that while public observers can view encrypted notes and protocol metadata, they cannot see the sender, receiver, transferred amounts, or the balances involved. The project said broader DeFi integration and cross-chain access are planned, but those features are not yet available.