Solana mocks Ethereum L2 Starknet over massive valuation versus low activity
Crypto Briefing
Solana publicly mocked Starknet for having a high valuation despite extremely low daily active users and transactions.Summary
Solana's official X account publicly criticized Starknet, an Ethereum layer 2 solution, for a significant discrepancy between its billion-dollar market capitalization (MC) and its low on-chain activity. Solana specifically highlighted data suggesting Starknet had only 8 daily active users and 10 daily transactions while maintaining a $1 billion MC and $15 billion Fully Diluted Valuation (FDV), sarcastically concluding, "Send it straight to 0." This post, referencing a snapshot of 2024 on-chain data, generated numerous reactions from other crypto projects and industry figures. The Solana team is known for its outspoken commentary on social media.
(Source：Crypto Briefing)