Haciyev Reşit 
A striking debate has taken place in the crypto ecosystem. Solana criticized Starknet, Ethereum’s Layer 2 solution, over the mismatch between its high market capitalization and low on-chain activity. The statement sparked widespread reactions from crypto projects and industry figures, once again bringing discussions about high valuations and low user activity to the forefront.
Sarcastic Post from Solana Toward Starknet
In a post shared from Solana’s official X account, attention was drawn to Starknet maintaining a billion-dollar market capitalization despite having very low daily active users and transaction counts:
“Starknet has 8 daily active users, 10 daily transactions, and yet somehow has a $1B market cap and $15B in perpetuals volume.
LMFAOOOOOOOOOOOOOOO
Straight to zero.”
This post refers to on-chain data from 2024, highlighting that Starknet’s daily user and transaction numbers were extremely limited at the time. The message uses a sarcastic tone to emphasize the gap between high valuations and low usage activity.
Reactions from the Crypto Community
Solana’s sarcastic post drew various reactions from prominent crypto projects and industry figures, including Bubblemaps, MegaETH, and Pump.fun co-founder Alon Cohen. Investors and analysts interpreted Solana’s remarks both as a critical warning and as an example of attention-grabbing humor on social media.
The team behind Solana’s official X account is known for its direct and transparent commentary. Previously, the team has actively participated in competitive claims and discussions involving Ripple and XRP, standing out for expressing opinions boldly and unapologetically within the crypto community. This approach often resonates widely and shows that Solana’s social media strategy aims not only to inform but also to influence market psychology.
Market and Analysis Perspective
Solana’s criticism of Starknet has sparked a broader discussion within the crypto ecosystem about imbalances between high valuations and low user activity. Analysts emphasize that while such sarcastic remarks can increase project visibility, investors should carefully evaluate on-chain data and maintain a cautious approach. Solana’s mockery of Starknet highlights ongoing debates around competition and data transparency in the crypto world. Investors can make more informed decisions by comparing a project’s market capitalization with its daily active users and transaction counts.
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