Fee Revenue Hits a Weekly High @Starknet posted $13,685 in onchain fees on October 8, marking its highest daily revenue figure over the prior seven days. According to @Chainspect data, that r
@Starknet posted $13,685 in onchain fees on October 8, marking its highest daily revenue figure over the prior seven days. According to @Chainspect data, that reading represents growth of nearly 190% compared to the weekly low of around $4,700 recorded on October 4. The pickup in fee activity points to a meaningful uptick in network usage over a short period.
The broader context matters here. Starknet's revenue had fallen sharply from a peak of nearly $6 million in a single month in late 2023, partly because Ethereum's EIP-4844 upgrade, introduced in March 2024, significantly reduced transaction costs on Layer 2 networks, compressing fee revenue across the sector. The October 8 figure, while modest in absolute terms, suggests the network may be finding its footing again.
The fee recovery coincides with a much larger story around the protocol's future architecture. At Token2049, held on October 7 and 8, StarkWare CEO Eli Ben-Sasson revealed that Starknet is evaluating a transition away from Ethereum's Layer 2 architecture to become an independent Layer 1 blockchain, aiming to become the first fully quantum-resistant L1 network by 2027.
The proposal would give Starknet control over its own consensus network, security model, and cryptographic upgrade schedule, ending the network's reliance on Ethereum for settlement and economic security. The motivation is primarily about timing. Project lead Ben-Sasson has argued that Ethereum's 2029 quantum-resistance roadmap is too slow, pushing Starknet to explore hash-based cryptography for quantum defense ahead of the broader ecosystem.
The transition is not confirmed. The proposal remains under consideration, and any eventual change would require further technical decisions and governance approval. Still, the market has responded decisively. The strategic shift triggered a roughly 40% single-day surge in $STRK, reaching $0.071 on October 9. Over a longer window, $STRK has surged more than 130% over the past 30 days, reflecting sustained investor interest in the protocol's evolving roadmap.
Starknet is a decentralized Layer 2 scaling network for Ethereum that uses advanced zero-knowledge cryptography to enable fast, low-cost, and secure transactions for decentralized applications.The $STRK token is used for paying network transaction fees, participating in on-chain governance, and staking to help secure the network's consensus.
Sources:TokenPost: Starknet Weighs Ethereum Split as STRK SurgesCrypto Times: Starknet STRK Price Jumps 40% as Network Weighs Move Beyond EthereumKuCoin: Starknet Eyes Ethereum Exit Amid Quantum Fears, Targets 2027 L1 Migration
