In a recent social media exchange, Solana took a jab at Starknet, an Ethereum layer-two solution, over its high market valuation amidst what Solana claims is low daily usage. This public critique has reignited the ongoing debate regarding the effectiveness of layer-one networks compared to their layer-two counterparts.
Solana”s official Twitter account highlighted Starknet”s billion-dollar market capitalization while derisively pointing out what it characterized as “low daily engagement.” This comment was met with mixed reactions across the crypto community, drawing attention from traders, developers, and blockchain enthusiasts alike. Some of the remarks included references to Starknet”s reported figures, which the Solana account claimed included only a handful of daily active users and minimal transactions.
Despite Solana”s dismissal, new metrics reveal a more robust picture for Starknet. Recent data indicates that Starknet boasts approximately 65,000 daily active users and performs around 759,000 daily operations. The platform also secures hundreds of millions in value, showcasing significant activity particularly in decentralized exchanges and perpetual trading.
Analysts have noted that Solana”s comments seemed to reference outdated data from 2024 when Starknet”s network activity had temporarily waned. This selective use of statistics points to the complexities of evaluating network performance and the potential for bias in market commentary.
As the rivalry continues, Solana itself is experiencing a notable market momentum. Currently, SOL is trading near $147.47, reflecting a 2.89% increase over the past 24 hours and an impressive 8.72% gain over the last week. This surge has driven trading volume beyond $8 billion, with Solana”s market capitalization exceeding $83 billion.
Market analysts, including Ali Martinez, have pointed out that SOL recently exhibited bullish signals on various technical indicators, suggesting that positive momentum could push its price further. Traders are speculating that SOL might reach $200, driven by strong market reactions to competitive narratives and anticipated ecosystem developments.
The exchange between Solana and Starknet not only highlights the fierce competition among blockchain networks but also underscores the influence of social media in shaping investor sentiment during critical market phases.
