• Starknet (STRK) fell 57% over four weeks, trading near $0.0404 on Saturday

• Extended moved its trade verification and settlement network from Starknet to Arc

• 93.52% of voting power backed non-binding research into a Starknet layer 1 transition

57% Slide Across Four Weeks

Starknet (STRK) price has spent four consecutive weeks in decline, losing 57% of its value over that span, and live monitoring places the token at $0.0404 on Saturday, down 1.5% over 24 hours and essentially flat since the session's last check at 16:33 UTC. The market capitalization stands near $310 million, with roughly $34.5 million changing hands over the same day. The tape has been one-directional; the same window also carried a concrete change in how one commercial user of the network operates. Extended, a DeFi trading platform for perpetual futures, has moved its trade verification and settlement network from Starknet to Arc. Extended's API documentation now states that trades are verified and settled on Arc, and the platform advises that user funds are self-custodied in on-chain smart contracts. The mechanics of that shift need separating from its market interpretation. When the chain processing a venue's trades changes, the network where those transactions are recorded and settled changes with it; the migration by itself does not measure how much STRK changed hands, and it does not indicate any loss of user assets. The documentation describes the present state of the service, not a transition plan, and no moved volumes or timelines are stated. The reporting that paired the two developments was explicit on this limit: a four-week decline and a settlement migration appearing in the same window do not, on their own, establish one as the cause of the other. What the period did not change is Starknet's position in the stack. The network remains an Ethereum layer 2, dependent on Ethereum for transaction settlement, data publication and bridging, and nothing in the Extended migration or in the drawdown alters that dependency. Readers tracking the descent from autumn highs can trace it through October's $0.053 support test, which preceded the current range.

93.52% Vote Backs Layer 1 Study

The sharper structural question beneath the drawdown is whether Starknet remains an Ethereum layer 2 at all. The Starknet Foundation says a non-binding vote on whether to research an independent layer 1 transition drew 93.52% support by voting power; the Foundation has been explicit that the ballot approved the study only, and any actual transition would require a separate approval once research and design are complete. A joint research team with StarkWare is being assembled to examine the technical requirements and the consequences for users and developers, and to gauge what a standalone network, running its own blockchain nodes and validator set, would replace. Part of the technical reasoning appeared in the Foundation's October 30 post: account abstraction allows the account signature scheme to be changed without a protocol upgrade. That flexibility is central to the post-quantum security motivation behind the study, because signature algorithms can in principle be swapped at the account level without touching consensus. The harder problem the research must answer is security itself. Starknet currently inherits its security layer from Ethereum, and an independent chain would have to design that layer in-house; the Foundation frames the study as an examination of whether that is achievable. The direction is also tied to quantum-resistance questions, while the Foundation states plainly that whether the research leads to an actual transition remains undecided. The next steps are procedural: the joint team publishes its results on a public forum, and if the findings support progress, detailed proposals go to a further community vote. Our earlier report on the ballot, the 93.52% vote on post-quantum L1 research, sets out the mechanics in detail. For the Starknet ecosystem, the open item is not whether users want independence, which the vote suggests, but whether the security design can actually be built.

Our composite support and resistance scoring, which rates each level from the indicators converging there, places the nearest resistance at $0.0449 with a 99/100 score and the nearest support at $0.0387 scored 86/100; the token sits between them, closer to the lower edge. Momentum readings agree with the four-week structure: the relative strength index reads 40.12, the MACD signal is bearish, and the trend classification is a downtrend. Positioning looks thin rather than stressed, with perpetual funding at 0.0038% and open interest near $37.9 million, while sentiment across the wider altcoin market reads 25 on the fear and greed index, deep in extreme fear. None of this changes the conditions that have held throughout the decline: Starknet is still an Ethereum layer 2, the vote is still only a mandate to study, and the full map of scored bands above and below the market sits in our STRK technical analysis.