Starknet Token Surges 20% on Plan to Become Independent L1 Blockchain
Starknet token surges — The native token of Ethereum layer-2 network Starknet jumped over 20% after its development team announced it is actively considering a transition to become an independent layer-1 blockchain.
The proposal, outlined in a new governance post, would see Starknet evolve from a rollup scaling solution on Ethereum into its own sovereign network. Developers argue this move would provide greater flexibility for protocol upgrades and allow the network to pursue its goal of becoming the first fully quantum-resistant blockchain by 2027.
Market reaction was swift, with the STRK token’s price rising sharply on the news. The proposed shift represents a significant strategic pivot for one of Ethereum’s most prominent scaling ecosystems, moving away from a model dependent on Ethereum’s base layer for security and data availability.
If the community approves the plan, Starknet would join a growing list of projects that have migrated from layer-2 status to establish their own independent blockchains. The team stated that further technical details and a formal governance vote will follow the initial consideration phase.
Original reporting: Decrypt