The STRK token from Starknet rose by 30% within a day by Friday evening, significantly outperforming Bitcoin and Ethereum: the Ethereum Layer 2 network is considering becoming an independent Layer 1.
Let's recall what layers are. Layer 1 is the main blockchain that provides security and processes transactions itself, like Ethereum or Bitcoin. Layer 2 is a layer built on top of it: it takes on part of the load, borrowing security from the base network. Therefore, transitioning from Layer 2 to Layer 1 would mean a change in Starknet's security model – and this is currently a subject of discussion, not a decided step.
At 8:36 PM Eastern Time on October 9, CoinGecko showed STRK rising by 30.3% over 24 hours compared to 0.9% for Bitcoin and 0.3% for Ethereum. STRK was trading around $0.0732. This growth means the token added almost a third of its value in a day, while both major cryptocurrencies moved sideways.
The rise coincided with increased trading on Starknet's decentralized exchanges – approximately $33.7 million – and followed the network's statement on October 8 that it is "actively considering becoming a Layer 1." A decentralized exchange is a platform where trades occur directly between users via smart contracts, without an intermediary. For holders, the revaluation occurs against the backdrop of this change being an option under consideration, rather than an implemented shift in the network's security model. Neither price data nor trading indicators establish what exactly triggered the purchases.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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