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Solana Mocks Starknet Over Massive Valuation-to-Activity Mismatch
Source: CryptoBriefing 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.
It sparked numerous responses from crypto projects and industry figures, such as Bubblemaps, MegaETH, and Pump.fun co-founder Alon Cohen.
Context
The team behind Solana’s official X account has developed a reputation for outspoken commentary, most recently engaging with supporters of competing projects over claims about competitiveness and market positioning in the blockchain ecosystem.