Summary
TLDR: Starknet, an Ethereum layer 2 platform, is experiencing a significant decrease in users before a major token airdrop on February 20. Changes to eligibility criteria for the airdrop have caused controversy among users, leading to a drop in active users by 90%. Despite this, the platform’s total value locked remains high at $185 million. The situation highlights the unpredictable nature of crypto airdrops.
Key Points
1. Starknet is experiencing a significant exodus of users ahead of a major token airdrop, with active user count dropping dramatically in the week leading up to February 20, 2024.
2. The decline in users is attributed to sudden changes in eligibility criteria for the upcoming airdrop, causing controversy and discontent among the user base.
3. Despite the decrease in active users, Starknet’s total value locked (TVL) remains near all-time highs, highlighting the paradoxical nature of the platform’s current situation.