Solana Critiques Starknet's Valuation-to-Activity Mismatch

2026-01-14 18:31:59

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:

“Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV. Send it straight to 0.”

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.

SOL-2,56%

STRK-5,63%

ETH-1,28%

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