Starknet Price Prediction: STRK Jumps 31% Eyeing Ethereum…
By Karthik Subramanian
AI summary of the source article
Starknet's STRK token surged more than 31% to trade above $0.064 following announcements that the network is actively considering transitioning from an Ethereum Layer 2 to an independent Layer 1. StarkWare CEO Eli Ben-Sasson stated that becoming an L1 would allow the network to control its own security migrations and target full quantum resistance by 2027, ahead of Ethereum's targeted timeline of late 2029. The proposal is driven by concerns over AI-assisted threats to elliptic-curve signatures. However, no deployment schedule or bridge design has been finalized, and all protocol adjustments remain subject to Starknet governance.
Why it matters
Transitioning to a standalone Layer 1 would detach Starknet's security roadmap from Ethereum, allowing it to autonomously implement post-quantum cryptographic defenses.
Key facts
- STRK rose more than 31% to an eight-month high of approximately $0.06495 following news of the potential L1 transition.
- Starknet is targeting full quantum resistance by 2027 if it moves to an L1, compared to Ethereum's target of late 2029.
- The proposed transition currently lacks a deployment schedule, bridge-migration design, or economic changes, and requires governance approval.