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Crypto DeFi

STRK Jumps 30% as Starknet Weighs Layer 1 Shift

Starknet’s STRK token rose 30%, outpacing bitcoin and ether, as the network weighs a shift to a Layer 1 design. Daily trading volume on Starknet’s decentralized exchanges climbed to about $33.7 million during the rally.

Original source

AI take

The move looks driven by a structural narrative rather than usage: a Layer 1 redesign would change Starknet's positioning against general-purpose chains, and the token is pricing that optionality before any commitment exists. The DEX volume figure is modest, so the rally reflects speculative repricing more than organic demand. Whether the L1 discussion advances beyond deliberation, and whether activity holds once the news cycle fades, is the open question.

Generated by AI for reference only.

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