Starknet Token Jumps 54.87% as Network Weighs Independent Layer 1

The Starknet (STRK) token rose 54.87% in 24 hours at 2 a.m. ET (06:00 UTC) Sunday as the Ethereum Layer 2 considered becoming an independent Layer 1 blockchain, a move that could give it more control over security upgrades.

The token’s gain later moved higher as prices continued to change, while Bitcoin remained nearly flat. Starknet is targeting 2027 to become the first fully quantum-resistant network.

Starknet currently operates as an Ethereum Layer 2 validity rollup. Its STARK proof system uses hash functions, but its Ethereum bridge and data-availability layers still depend on Ethereum. Becoming a Layer 1 could allow Starknet to set its own timetable for cryptographic changes while placing more responsibility for consensus and network security on the project.

StarkWare CEO Eli Ben-Sasson warned that “the quantum threat” may be “MUCH closer than we think,” pointing to advances in quantum computing and artificial intelligence as security concerns.

The proposed transition has not been approved. Starknet has not announced a governance vote, migration schedule or plan for moving applications, users and liquidity. The 2027 date remains a target rather than a confirmed completion date.