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Rollup solutions have become popular over the past 2 years, with the two main solutions for scaling typically beingDecisionandOptimismsaw usage growth up to 150,000 and 100,000 daily active addresses . Meanwhile, Ethereum's mainnet still has the largest amount of activity, with more than 400,000 active addresses per day.
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According to Kaiko, there are a number of reasons that can explain this trend. New capital has not yet been fully pushed into the market; Big whales are taking profits as Bitcoin hits new ATH; whales are storing assets on custodial platforms, instead of personal wallets.
Bitcoin hitting its ATH appears to have created around 1,500 new “millionaire wallets” every day, according to crypto analytics firm Kaiko Research. However, the rate of creation of these wallets is still lower than the last bull run in 2021, when more than 4,000 wallets reached the million USD mark every day.
This higher dominance rate shows that the current environment is not as bullish as last season, with investors favoring Bitcoin over other crypto assets with higher levels of risk.
Therefore, Starship not only acts as a branch that creates a complete ecosystem of Ninety Eight, but also is a product that supports the community in accessing and finding early investment opportunities in the cryptocurrency market.
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