Starknet and others have experienced severe declines since TGE, while Hyperliquid has risen by 1100%. CZ calls for the market to need more dapps instead of chains

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.