Ethereum L2 Starknet Surges 20% After Saying It Wants to Become an L1
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Starknet, the Ethereum scaling network built by StarkWare, said it is weighing a move to become its own blockchain.
Key facts
- The STRK token traded around $0.073 on Friday, up about 20% in 24 hours
- Ben-Sasson said Starknet could reach quantum resistance by 2027, two years before the end-of-2029 date he cited for Ethereum
- Ethereum's own roadmap targets core post-quantum infrastructure by around 2029, per ethereum.org, after the Ethereum Foundation formed a dedicated post-quantum team in January
- An L1, or layer 1, is a base blockchain such as Bitcoin or Ethereum that validates and secures its own transactions
Summary
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. "We are actively considering becoming an L1," the project wrote on X.