Key Takeaways
- Solana criticized Starknet for imbalance between high valuation and low user activity.
- The post appears to be a sarcastic comment referring to historical on-chain data from 2024.
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Solana’s official X account on Wednesday 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.
“Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV,” Solana stated. “Send it straight to 0.”
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.
Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV
LMFAOOOOOOOOOOOOOOO
Send it straight to 0 pic.twitter.com/bfKIC0Jbrq
— Golden (@0xGolden_) April 13, 2024
It sparked numerous responses from crypto projects and industry figures, such as Bubblemaps, MegaETH, and Pump.fun co-founder Alon Cohen.
The team behind Solana’s official X account has developed a reputation for outspoken commentary, most recently engaging with an XRP supporter over claims about Ripple and XRP’s competitiveness versus Solana.
