Starknet is considering leaving its status as an Ethereum L2 to become a quantum-resistant L1 by 2027. The market didn’t wait for a vote: $STRK rose 57% in two days on Binance.
The timeline:
Oct. 7: Justin Drake (Ethereum Foundation) calls for preparations for “bunker mode,” as AI could threaten wallet signatures sooner than expected.
Oct. 8, 08:32 UTC: Starknet’s official account writes, “We are actively considering becoming an L1,” targeting 2027, in response to a question from Eli Ben-Sasson (StarkWare CEO). The 1-hour candle moves from $0.0492 to $0.0530.
Oct. 9, 17:00 UTC: price peaks at $0.07716, compared with $0.04907 at the close on Oct. 7. That’s the highest level since Jan. 22 ($0.0807).
According to Binance data, STRK perpetual open interest rises from $11.1M (Oct. 8, 07:00 UTC) to $31.0M (Oct. 9, 18:00 UTC), while STRK/USDT spot volume reaches $53.4M on Friday, versus a 20-day average of around $10.4M. Funding is nearly neutral (+0.0044%). CoinDesk, citing CoinGlass data, notes that futures volume is around 5 times spot volume.
Ben-Sasson’s argument: Ethereum aims to make its L1 quantum-resistant by the end of 2029, Bitcoin has made no commitment, and Starknet could do it in 2027.
My take: the price is reflecting a narrative, not a decision. There’s no formal technical plan or governance vote at this stage. Open interest up about 2.8x with flat funding looks like longs entering, not a short squeeze.
Two paths:
Holding above $0.0625 (the Oct. 8 high) preserves the bullish structure, with $0.0807 in sight.
A move back below that level would open the door to a return to $0.055–$0.056, where the Oct. 9 rally began.
For an L2, leaving Ethereum to move faster on post-quantum security: a real advantage, or the end of the argument for inherited security from $ETH ?
#Starknet #Quantum
The timeline:
Oct. 7: Justin Drake (Ethereum Foundation) calls for preparations for “bunker mode,” as AI could threaten wallet signatures sooner than expected.
Oct. 8, 08:32 UTC: Starknet’s official account writes, “We are actively considering becoming an L1,” targeting 2027, in response to a question from Eli Ben-Sasson (StarkWare CEO). The 1-hour candle moves from $0.0492 to $0.0530.
Oct. 9, 17:00 UTC: price peaks at $0.07716, compared with $0.04907 at the close on Oct. 7. That’s the highest level since Jan. 22 ($0.0807).
According to Binance data, STRK perpetual open interest rises from $11.1M (Oct. 8, 07:00 UTC) to $31.0M (Oct. 9, 18:00 UTC), while STRK/USDT spot volume reaches $53.4M on Friday, versus a 20-day average of around $10.4M. Funding is nearly neutral (+0.0044%). CoinDesk, citing CoinGlass data, notes that futures volume is around 5 times spot volume.
Ben-Sasson’s argument: Ethereum aims to make its L1 quantum-resistant by the end of 2029, Bitcoin has made no commitment, and Starknet could do it in 2027.
My take: the price is reflecting a narrative, not a decision. There’s no formal technical plan or governance vote at this stage. Open interest up about 2.8x with flat funding looks like longs entering, not a short squeeze.
Two paths:
Holding above $0.0625 (the Oct. 8 high) preserves the bullish structure, with $0.0807 in sight.
A move back below that level would open the door to a return to $0.055–$0.056, where the Oct. 9 rally began.
For an L2, leaving Ethereum to move faster on post-quantum security: a real advantage, or the end of the argument for inherited security from $ETH ?
#Starknet #Quantum