Starknet token rallies on proposal to become an independent Layer‑1 blockchain
Starknet’s native token, STRK, surged more than three‑fold over a month after the company announced a plan to separate from Ethereum and launch its own Layer‑1 network. CEO Eli Ben‑Sasson said the move would give the protocol control over security upgrades, especially to address future quantum‑computing threats. The proposal was unveiled at the Token2049 conference and has no confirmed launch date. Trading volume and fees spiked as the price climbed, while the network’s DeFi TVL grew only modestly.
Why it matters
The price jump lifted STRK’s market value from roughly $360 million to between $860 million and $888 million, expanding the token’s capitalization several‑fold, which could attract more speculative capital. The shift, if realized, would change Starknet’s security model and could affect investors’ exposure to Ethereum’s layer‑2 ecosystem.
Key facts
- 1STRK gained about 322% to 323% over the 30‑day period ending October 11‑12, 2026. tradingview.com
- 2The token’s price rose above $0.12 on October 9, 2026. tradingview.com
- 3Daily trading volume frequently exceeded several hundred million dollars during the rally. tradingview.com
- 4Fees reached a seven‑day high of $13,685 on October 8, 2026, up roughly 190% from the prior week’s low. tradingview.com
- 5Starknet’s DeFi total value locked increased by about 5% to 7% to roughly $168 million. tradingview.com
- 6STRK’s market value more than doubled in four days, climbing from $360 million to $807 million. benzinga.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.