Starknet’s STRK token gained approximately 322% over the 30 days leading up to October 11-12, 2026, outpacing both Bitcoin and Ether over the same period. This surge was driven by the announcement at the Token2049 conference of a proposal to transition Starknet from an Ethereum Layer 2 to an independent Layer 1 blockchain, with the stated goal of becoming the first fully quantum-resistant network by 2027. The token reached a market capitalization between $860 million and $888 million, while the network’s decentralized finance total value locked grew only 5% to 7% to approximately $168 million. Despite the rally, STRK remains more than 97% below its all-time high set in February 2024, and the Layer 1 shift remains contingent on technical development, governance approval and community support.
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