STRK Surges 30% as Starknet Considers Becoming an Independent Blockchain
STRK Token Rallies on Layer 1 Rumors
The STRK token, used by the Starknet blockchain network, rose about 30% in 24 hours through Friday evening. The move came after Starknet said it was "actively considering becoming an L1," meaning an independent blockchain rather than running on top of Ethereum.
At the time of the peak, STRK traded at roughly $0.0732. The gain far exceeded bitcoin's 0.9% rise and ether's 0.3% gain over the same period, according to CoinGecko data cited by The Defiant.
Stronger Gains Over Longer Periods
Over a roughly 24-hour window from Oct. 8 to Oct. 9, STRK gained 33.86%, compared with 1.06% for bitcoin and 0.62% for ether. Over about seven days, STRK was up 73.17%, while bitcoin fell 2.32% and ether dropped 6.75%. Over roughly 28 days, STRK climbed nearly 160%, versus 6.92% for bitcoin and a 1.07% decline for ether.
These figures measure price at two endpoints, not a steady climb, and do not prove what drove the buying.
DEX Trading Activity Spikes
Daily trading on Starknet's decentralized exchanges — trading platforms that run without a central company — rose sharply. Data from DefiLlama shows volume climbing from $12.6 million on Oct. 7 to about $33.7 million on Oct. 8 and holding near that level on Oct. 9. The figures reflect overall DEX activity, not just STRK trades, so they don't explain the token's rally on their own.
What Starknet Plans to Change
Starknet CEO Eli Ben-Sasson said the Layer 1 discussion is about who controls the network's security upgrades. As a Layer 2 today, Starknet relies on Ethereum for settlement security. Moving to Layer 1 would let Starknet manage its own transition to quantum-resistant cryptography, rather than waiting for Ethereum or bitcoin to upgrade first.
Ben-Sasson wrote that "the advantage would be control over the network's security migrations." The network has tied this deliberation to a goal of full quantum resistance by 2027, though the Oct. 8 statement frames the Layer 1 shift as an option under consideration, not a finalized decision.
What Remains Unclear
The price increase and trading volume spike do not confirm what caused the buying. No vote or timeline for a Layer 1 switch has been announced, and the network's security model remains unchanged.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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