2026-01-15 10:29:04

Solana openly criticized Starknet on social media, hitting the pain points of the entire public chain ecosystem.

The real data is sobering: only 8 daily active users, fewer than 10 transactions per day, yet carrying a $1 billion market cap label. Starknet's response appears quite weak.

But the problem is far more than just Starknet. Looking broader, projects like Movement, Blast, Story, ZetaChain, Zora, Flow, Mint, and many others have long faced the same embarrassment—zero revenue in 24 hours has become the norm. Even if these projects completely exit the market by 2026, it wouldn't be surprising based on their data performance.

In the industry, this list of "zombie chains" is actually quite long. They carry the halo of funding and grand narratives, but their actual operations are painfully bleak. This reflects a serious product-market fit problem in the public chain sector. When will we see truly viable on-chain ecosystems?

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MondayYoloFridayCry

· 3h ago

8 daily active users with a market cap of 1 billion, how outrageous is that? I feel like I'm more active than it.

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ShitcoinConnoisseur

· 7h ago

Haha, enough, enough. Another fundraising PPT hero project has been exposed. With only 8 daily active users, they dare to value it at 1 billion? Wait, is there anyone I like on this list... Never mind, I’ll close my eyes. Truly useful chains are few and far between; the rest are just waiting to die. The scene of the tenfold coin dream shattering—looks like I need to change my approach. There you go again, about to get cut again. If I had known, I would have all-in on BTC. Honestly, most public chains are just rebranded Ponzi schemes. I bet five bucks these projects will be unrecognizable by next year when they crash. Fundraising stories sound nice, but user data speaks for itself... awkward. Oh my God, is this the current state of Web3? Feels like we’ve gone back to 2017. All hype and no real demand, just a bunch of trash.

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AirdropHuntress

· 01-15 10:57

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TerraNeverForget

· 01-15 10:54

Daily active users of 8? This isn't building a chain, it's probably performance art haha --- Funding is about storytelling, operations are really weak, I'm already tired of these tricks in these chains --- Don't just criticize Starknet, the entire public chain circle is just desperately clinging to the illusion of market value --- A market cap of 1 billion USD with 8 daily active users? I wonder how they justify that data --- It seems there are only a few chains truly alive, the others indeed should say goodbye

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metaverse_hermit

· 01-15 10:50

Daily active users of 8 people with a market cap of 1 billion, how outrageous is that... Fundraising stories are all just stories, everything is exposed in the face of data These chains are probably just tools for VC to cut leeks Wait, even Solana needs to think twice before speaking, don’t be so fragile "Truly vital"? Laughable, currently all are over-financialized trash Watching the show is not as good as making quick money, who cares if it dies or not This wave really needs to clear the field, too many trash projects But Solana talking like that is also quite arrogant...

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SocialFiQueen

· 01-15 10:49

Daily active users are only 8 haha, is this the current state of Web3? How come these projects haven't gone bankrupt yet? Funding is probably the biggest narrative. Really no one uses it, how dare they still set a $1 billion valuation? Bitcoin is still falling, these chains deserve to fade away.

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HashRatePhilosopher

· 01-15 10:46

Daily Active Users of 8 Supporting a $1 Billion Valuation—What Kind of Delusional Investors Would Believe This? Honestly, with these numbers, it can't even compete with my friend's small Discord group Another fundraising story session—wake up, everyone

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LightningSentry

· 01-15 10:43

Daily active users of 8 people with a market cap of 1 billion, how outrageous is that? --- Storytelling in fundraising is top-notch, but actual operations are all zero. --- Wait, how are these chains still alive? --- Revenue dropping to zero has become the norm. Isn't this just another way of saying "harvesting the little guys"? --- Does anyone really believe these "zombie chains" can turn around? --- Basically, no one uses the product, and once the funding halo fades, it's over. --- The problem is retail investors are still holding the bag. Who can save this market?

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LiquidatedNotStirred

· 01-15 10:39

日活8人顶10亿估值，这得多自信啊 Solana这次戳的点确实疼，整个赛道都该看看又是融资故事配运营惨淡，经典套路了真的有用的链呢，这是个问题

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