STRK, Starknet’s native token, rallied between 19% and 40% on October 8-9, climbing to approximately $0.07, its highest level in nine months. Starknet is weighing a transition from an Ethereum layer 2 to an independent layer 1 blockchain, aiming to achieve full quantum resistance by 2027, two years ahead of Ethereum’s projected 2029 timeline. StarkWare CEO Eli Ben-Sasson made the case at the Token2049 conference, though any move would require governance approval and demand a new consensus mechanism with independent validators. Trading activity surged beyond spot buying: futures open interest rose over 50%, daily DEX trading volume reached about $33.7 million, and network fees hit approximately $13,685 on October 8.
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