Today, Solana's official Twitter mentioned Starknet, Many people are focused on emotions, engaging in arguments. But the real value of this incident isn't in the insults.
It has brought to the surface a long-avoided issue: Why does a public chain with almost no users have a valuation of one billion dollars?
Daily active users: 8. Daily transactions: 10. This isn't criticism—it's data. In any normal business context, this would already be a clear sign of failure. Yet in the crypto market, it's still called "infrastructure" and "the future."
Why does Starknet's response seem ineffective? It's not a problem of expression, but rather the fact that it cannot answer the core question: If real usage doesn't exist, where does the value of this chain actually come from?
And Starknet is not alone. In fact, many public chains have had zero 24-hour revenue for a long time, they just haven't been named.
Movement, Blast, Story, ZetaChain, Zora, Flow, Mint, Berachain, Redstone, Fantom... Many of these projects raised significant funds during TGE or ICO, but from on-chain data, they have entered a state of nominal survival and actual stagnation.
They resemble satellite cities or ghost towns in China: Grand planning, complete stories, but no people, no real economic activity.
From a business model perspective, public chains are a赛道 with extremely high ceilings and extreme harshness. Once successful, the winner takes all; but if not, they are quickly marginalized.
The reality is that only a few types of applications have been truly validated by the market: DeFi, stablecoin payments, NFTs, prediction markets, Perp DEXs, and meme coins.
Beyond these, recent "application innovations" are mostly just changing narratives, execution environments, or names, not creating new real demand.
Therefore, Solana's attack this time isn't really aimed at Starknet, but rather forcing the entire market to face a truth: Valuation cannot exist long-term without usage.
If by 2026, a batch of public chains naturally disappear or vanish, that won't be a black swan event, but rather a long-overdue normalization process.
Earning Over 100 Million by Words, Why Still Do Technology?
In the backstage of the 2025 AGI Conference, an interesting conversation took place. DeepSeek's founder, Liang Wenfeng, asked Luo Yong a question:
"Lao Luo, why do you insist on doing technology?"
Liang Wenfeng asked casually, but it left Luo Yonghao at a loss. He responded somewhat dejectedly: "Why ask such a question?"
Liang Wenfeng replied: "Just asking casually," then added: "Even if you do something else, don't give up this ability. Among 1.4 billion people, you can make it to the top just by your words—this ability must never be wasted"
In reality, Liang Wenfeng's underlying message was: You, Luo Yonghao, have top-tier speaking skills nationwide. You could easily earn over 100 million yuan a year through live-streaming sales, have already paid off your debts, so why keep jumping into this money-consuming, criticism-prone, and high-risk field of technology?
Recently, CZ, the founder of Binance, discussed the development direction of Meme coins during an AMA livestream. He emphasized that he does not recommend launching Meme coins based on He Yi's tweets, as this strategy has a low success rate and carries risks of unclear identity. CZ stated that he no longer needs to rely on short-term investments for profit, but remains optimistic about the further development of Meme coins. He hopes Meme coins will continue to stay popular while also focusing on building smoother crypto tools. This indicates CZ's positive outlook on the future of Meme coins, while also reminding investors to be cautious about short-term speculative behavior.
US President Trump said on Wednesday at the White House that he has learned that 'the killing in Iran has stopped,' and the US will 'wait and see how the situation develops.' Trump said the US obtained this information from 'a very important source,' and 'I hope this is true.' When asked by reporters whether the US has ruled out the possibility of military intervention in Iran, Trump said: 'We will wait and see how the situation develops.'
Received the KeyPal 2 from TP Wallet @TokenPocket_CN, quickly made an unboxing video 📦
A few things I really appreciate: Security is very solid, and they've added QR code signing (EIP-4527), offering more usage options The physical 15-key keypad is truly more stable than touch, and typing is faster The color options are quite interesting, with red, black, green, pink, and blue available
All the details are in the video, thanks to TP Wallet 🙏
If you're interested, check it out and learn more on the official Twitter: @KeyPalWallet @KeyPalCN @TokenPocket_CN
Sol phone can be checked now, checked the $SKR allocation First, the official distribution is based on Seeker / Solana dApp Store usage plus Season 1 on-chain activity, with anti-sybil measures applied
I have two phones Each received only 5,000 SKR and 10,000 SKR respectively Basically the lowest tier
Initially thought it was acceptable Until I checked the comments under the official tweet Directly felt heartbroken🙂 Lots of people got several times more than me, even one person had as much as several of my phones combined
Anyway, I guess it's fine At least I didn't participate for nothing Can claim on January 21 at 02:00 UTC Planning to get some SOL to claim and stake Continue seeking in Season 2
Let me share my thoughts on the launch of Aster Spot with ID $SOON
First, let's look at the results themselves—they already speak volumes
After launch, trading volume reached nearly $16 million within the first two hours, instantly making it the top spot in Aster's 24-hour spot trading volume. In today's market environment, such data is clearly not "fake"
But I believe what matters even more is who was chosen as the first platform
Aster @Aster_DEX is already a highly active decentralized exchange, with a relatively mature user base, solid liquidity, and not one built through artificial volume inflation
Therefore, when $SOON achieved natural trading volume and effective price discovery here, it carries completely different significance for the project
And this is just the beginning
Many people might overlook this point, but it actually greatly enhances the liquidity structure
Spot markets have genuine depth, while derivatives handle hedging and amplify demand—both sides drive volume for each other, leading to healthier price discovery, rather than relying solely on one market
It's not just about boosting trading volume, but about getting the market to self-sustain
For SOON holders, this means better liquidity, lower entry and exit costs, and more market options
After Binance Life was listed on spot, the price surged and then crashed sharply, with Twitter full of complaints and screenshots showing losses, saying it would have been better if spot hadn't been launched, claiming CZ doesn't understand memes
Today, the surge is filled with screenshots showing profits, and someone says, 'This is Binance Life, Binance Life is going to reach 1B!' 'CZ is still my dad, and Sister One is still my mom'
Woc, you've really figured it out, how do you even play this game?
Recently, the frequent updates of Jupiter @JupiterExchange caught my attention. I summarized this update; they are not just making technical enhancements, but also a strategic adjustment involving their overall positioning and goals
People usually recognize Jupiter perhaps because it is an excellent DEX aggregation tool that helps users find the best trading paths. But now, Jupiter's goal has changed; it is upgrading from a simple technical tool to an 'on-chain strategic portal'
Specifically, Jupiter is not just satisfied with providing on-chain liquidity; its goal is to safely, compliantly, and at scale bring global traditional finance and institutional capital into the Solana ecosystem
The core of this strategic adjustment is the addition of @xxjzhu, who will serve as the new president of Jupiter
How is Fableborne @fableborne performing since its launch on December 5?
During this time, many friends have been asking me: 'Are there any blockchain games that are really worth playing now?'
I thought seriously about it, and just as I was scrolling through Twitter, I saw Fableborne @fableborne mentioned again.
I had actually been paying attention to this project for a while. Whether it’s the gaming experience or the previous NFT aspects, my overall impression of it has been quite good. Before the upcoming TGE, let's review their recent updates, especially the collaboration with Power Protocol, as it's necessary to discuss its overall direction.
I went through recent Twitter, community discussions, and external discussions, combined with my previous gaming experiences. Below is a review from a purely player’s perspective.
As a KOL, should one deeply cultivate a track to the extreme, or follow the trends to capture the traffic?
In fact, both paths can be taken, but each path comes with its corresponding cost.
In traditional self-media, if you focus on beauty, it becomes very difficult to also cover technology; if you cover technology, it becomes hard to suddenly talk about real estate. The most important aspect of an account is its 'verticality'.
Those who enjoy reading news are naturally suited for macro and hot topic analysis; such accounts need to update quickly, relying on 'coverage' rather than 'vertical fans'. Fans may not be precise, but exposure will be high.
The logic of deeply cultivating a field is completely different:
When a blockchain game project looks for KOLs, it won't seek macro bloggers for advertising; it will only look for KOLs in the blockchain gaming niche—because that is the precise audience.