Starknet’s price action looks pretty grim: $STRK it’s down 57% over four weeks and is now trading sideways around $0.04.
Two developments are interesting when viewed together:
• Extended moved its settlement network to Arc
• In a non-binding community vote, 93.52% supported researching a Layer 1 option
One suggests an application in the ecosystem is moving elsewhere, while the other shows the project itself is considering a change of direction. The vote is non-binding, so it doesn’t mean they’ll definitely go ahead with it, but it does show the team recognizes the current path may need adjusting.
Coins that have lost half their value over four weeks often have one of two outcomes: they drift lower gradually, or a narrative comes along and lifts them back up. I don’t have a firm view yet; I’ll wait to see whether the L1 research leads to a concrete proposal.
#Starknet #L2
For reference only. This is not investment advice.
Two developments are interesting when viewed together:
• Extended moved its settlement network to Arc
• In a non-binding community vote, 93.52% supported researching a Layer 1 option
One suggests an application in the ecosystem is moving elsewhere, while the other shows the project itself is considering a change of direction. The vote is non-binding, so it doesn’t mean they’ll definitely go ahead with it, but it does show the team recognizes the current path may need adjusting.
Coins that have lost half their value over four weeks often have one of two outcomes: they drift lower gradually, or a narrative comes along and lifts them back up. I don’t have a firm view yet; I’ll wait to see whether the L1 research leads to a concrete proposal.
#Starknet #L2
For reference only. This is not investment advice.