According to Messari researcher MONK, since the Token Generation Event (TGE), the price performance of multi chain project tokens has shown significant differentiation: Starknet has fallen by 87%, Mode has fallen by 70%, Blast has fallen by 85%, zksync has fallen by 47%, Scroll has fallen by 50%, Dymension has fallen by 87%, Berachain has fallen by 59%, while Hyperliquid has risen by 1100% against the trend. In addition, between January and April this year, the market is expected to unlock $17 billion in tokens, and the recent liquidation amount of long positions has approached $10 billion.
Binance CEO Zhao Changpeng commented that the market needs more dapps instead of chains.