Stark's daily active users are only 10, which initially sounds outrageous, but upon closer inspection, it actually reveals a critical flaw——once a project is listed on an exchange, the on-chain fundamental data becomes completely invalid. Price trends and actual usage are two parallel lines, and in the end, it's a zero-sum game played between capital providers and retail investors.



The example of Blast is even more heartbreaking. It lost $9 in the past day, and over a month, the negative wallet balance is -$441. Since launch, the token price has dropped 98.24%, yet it still maintains a circulating market cap of $43.32 million. Such phenomena would not survive in traditional finance today, but in the crypto market, they continue to exist.
BLAST2.16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
DAOdreamer
· 01-19 09:20
Can a daily active user count of 10 still get listed on an exchange? This is the absurdity of the crypto market—fundamentals are essentially meaningless.
View OriginalReply0
NightAirdropper
· 01-19 07:42
Even with 10 daily active users, it's still possible to list on an exchange. I'm truly amazed. This is the magic of Web3—data and prices are entirely separate systems.
View OriginalReply0
liquidation_watcher
· 01-18 19:44
10 daily active users? That's hilarious. This is the "Schrödinger's project" in the crypto world—once listed on an exchange, it comes to life.
View OriginalReply0
PrivacyMaximalist
· 01-16 09:50
Daily active users of 10 are still holding up the market, this is the reality of Web3...
View OriginalReply0
rekt_but_vibing
· 01-16 09:47
Ten daily active users, and they still have the nerve to call it an exchange? This is Web3, haha.
View OriginalReply0
BlockchainRetirementHome
· 01-16 09:42
10 daily active users can still get listed, how good at storytelling do you have to be...
View OriginalReply0
CryptoGoldmine
· 01-16 09:38
A daily active user base of 10 can still sustain the circulating market cap. This data is indeed eye-catching when compared. To put it simply, it's a pump-and-dump scheme, and the fundamentals have long been overshadowed by the price trend.
View OriginalReply0
AirdropHermit
· 01-16 09:35
A daily active user count of 10 can still sustain the market cap—that's the charm of crypto. LOL
View OriginalReply0