It may seem funny that Stark has only 10 active users per day, but digging deeper, I can only draw one conclusion:
As long as a project is listed, its on-chain fundamentals are basically unrelated to the price; in the end, it's a game between whales and retail investors.
Blast had a net income of -$9 in the past 24 hours and -$441 over the past month, with a market cap down 98.24% since launch, but it still has a circulating market cap of $43.32 million.
Zora had a net income of -$4 in the past 24 hours and -$93 over the past month, with a market cap up 90% since launch, and a circulating market cap of $16.2 million.
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It may seem funny that Stark has only 10 active users per day, but digging deeper, I can only draw one conclusion:
As long as a project is listed, its on-chain fundamentals are basically unrelated to the price; in the end, it's a game between whales and retail investors.
Blast had a net income of -$9 in the past 24 hours and -$441 over the past month, with a market cap down 98.24% since launch, but it still has a circulating market cap of $43.32 million.
Zora had a net income of -$4 in the past 24 hours and -$93 over the past month, with a market cap up 90% since launch, and a circulating market cap of $16.2 million.