Starknet’s February 14th launch garnered immense attention, primarily due to its generous rewards program. Early adopters were compensated with over 700 million STRK tokens, the project’s native cryptocurrency.
However, the launch ceremony wasn’t without its controversies. Several accusations arose, with some community members alleging that the Starknet team dumped a significant amount of their tokens, contributing to a price drop below $2 for STRK.
Additionally, reports surfaced regarding issues with the token issuance process, further stirring doubts and anxieties among investors.
It’s crucial to analyze other indicators for a more comprehensive understanding of Starknet’s current state and future prospects. One such metric is development activity, measured by tracking code commits on public GitHub repositories associated with the network.
A concerning trend emerges when looking at this measure: Data suggests a decline in developer activity, potentially implyin
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