Ethereum L2 Starknet Jumps 20% After Saying It Wants to Become an L1

In brief

  • Starknet is "actively considering" becoming an independent layer-1 blockchain, with 2027 as the target to become the first fully quantum-resistant network.
  • StarkWare CEO Eli Ben-Sasson said an L1 would let Starknet control its own security upgrades instead of waiting for Ethereum, whose roadmap targets core post-quantum infrastructure around 2029.
  • The $STRK token traded near $0.073 on Friday, up about 20% in 24 hours and more than double its roughly $0.03 price in April.

Starknet, the Ethereum scaling network built by StarkWare, said it is weighing a move to become its own blockchain.

"We are actively considering becoming an L1," the project wrote on X. "This would enable Starknet to become the first fully quantum-resistant network, with 2027 as our target."