Starknet and other public chains have fallen sharply since TGE, while Hyperliquid has risen by 1100%. CZ calls for more dapps rather than chains in the market

PANews reported on February 12 that according to statistics from Messari researcher MONK, since the token generation event (TGE), the price performance of tokens of multiple public chain projects has diverged significantly: Starknet fell 87%, Mode fell 70%, Blast fell 85%, zksync fell 47%, Scroll fell 50%, Dymension fell 87%, Berachain fell 59%, while Hyperliquid rose 1100% against the trend. In addition, between January and April this year, the market expects that $17 billion of tokens will be unlocked, and the recent long position liquidation amount has approached $10 billion.

Former Binance CEO Changpeng Zhao commented that the market needs more dapps rather than chains.