Let's talk about the numbers that don't add up. Starknet is pulling in 8 daily active users and processing just 10 transactions daily, yet somehow carries a $1 billion market cap and a $15 billion fully diluted valuation. The math here feels completely detached from on-chain reality.

When you look at actual usage metrics versus the valuation being assigned, there's a massive disconnect. We're seeing projects with minimal ecosystem activity command valuations that rival platforms with orders of magnitude more users and transaction volume. It raises serious questions about whether these FDV numbers reflect genuine adoption potential or if we're just watching speculative momentum inflate numbers on paper.

The market will eventually price in the gap between hype and utilization. Projects need to match their valuation stories with real, measurable user engagement—otherwise that disconnect becomes harder and harder to justify.