Starknet community backs independence from Ethereum, STRK surges 25%

Starknet, originally developed as a scaling solution for Ethereum , has taken a crucial step toward becoming a fully independent blockchain. StarkWare, the company behind Starknet, asked its community to vote on whether the network should move away from Ethereum and operate as its own autonomous Layer 1 blockchain. The announcement immediately sparked market activity. In early October, STRK, the platform’s native token, soared 200% before paring gains in line with broader market trends. On the day the official vote was launched, STRK recorded another significant rally, climbing 25% at one stage during the session. Derivatives trading dominated the action, with daily futures volumes climbing to $894.84 million—almost eight times higher than spot volumes, which reached $116.38 million.

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