Public chains such as Starknet have fallen severely since TGE while Hyperliquid has risen by 1100%. CZ calls on the market to need more dapps instead of chains

PANews February 12th news, according to Messari researcher MONK, the token price performance of multiple public chain projects has significantly differentiated since the token generation event (TGE): Starknet fell 87%, Mode fell 70%, and Blast fell 85%. , zksync fell 47%, Scroll fell 50%, Dymension fell 87%, Berachain fell 59%, while Hyperliquid rose 1100% against the trend. In addition, between January and April this year, the market is expected to have $17 billion in tokens unlocked, while the recent long-term liquidation amount has reached nearly $10 billion.

Zhao Changpeng, former Binance CEO, commented that the market needs more dapps than chains.