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Gate Square New & Returning Creator Rewards are ongoing!
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Solana Critiques Starknet's Valuation-to-Activity Mismatch
Source: CryptoNewsNet Original Title: Solana mocks Ethereum L2 Starknet over massive valuation versus low activity Original Link:
Overview
Solana’s official X account publicly mocked Starknet, a prominent layer 2 solution, over a stark mismatch between the project’s valuation and on-chain activity.
The statement pointed to Starknet’s low daily active users and transactions despite maintaining a billion-dollar market capitalization:
Background
The post appears to be a sarcastic comment referencing a snapshot of on-chain data from 2024 that showed Starknet with very low daily active users and transaction counts at the time.
The criticism sparked numerous responses from crypto projects and industry figures, demonstrating the broader market sentiment regarding valuation-to-activity discrepancies in the layer 2 ecosystem.
Solana’s Track Record
The team behind Solana’s official X account has developed a reputation for outspoken commentary on market dynamics and competitive positioning within the crypto industry.