Harsh reality of the market
Since TGE, many large projects have lost a significant part of their value:
• Starknet -87%
• Mode -70%
• Blast -85%
• zkSync -47%
• Scroll -50%
• Dymension -87%
• Berachain -59%
• Hyperliquid +1100% (exception)
At the same time, since the beginning of the year, $17 billion of unlocks have entered the market, and recent liquidations of longs have exceeded $10 billion.