Starknet (STRK) has experienced a significant surge in the cryptocurrency market, witnessing a 55.69% increase in value over the past 24 hours. The altcoin’s price surpassed $0.10, reaching a peak of $0.1022—its highest level since 2026.

This remarkable rise is largely attributed to discussions around starknet potentially transitioning from a Layer-2 solution on Ethereum to a standalone Layer-1 blockchain. Eli Ben-Sasson, CEO of StarkWare, indicated that this shift may be essential for addressing security vulnerabilities linked to the impending advancements in quantum computing.

Ben-Sasson highlighted that while Ethereum aims to achieve a fully quantum-resistant infrastructure by the end of 2029, Starknet could attain this goal sooner if it operates independently, potentially reaching quantum resistance by 2027. This perspective has fueled market speculation, driving up STRK’s value.

Despite the optimistic outlook, Starknet has clarified that no official plans or timelines for this transformation have been established yet. The discussions around this evolution are ongoing, with Starknet emphasizing that they are exploring options rather than making definitive decisions.

Surge in Trading Activity

The surge in STRK’s price was also supported by a notable increase in trading volume. Over the last 24 hours, the trading volume for STRK exceeded $550 million, with its market capitalization nearing $758 million. The trading volume approaching the market cap highlights an exceptional level of trading activity surrounding this altcoin.

Investors are advised to conduct thorough research before making any investment decisions.