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Developer Growth - Starknet has been consistently adding developers for the past 2 years [1] - Arbitrum experienced a 30% decrease in its developer base [1] - Polygon saw a 35% reduction in its developer base [1] Competitive Advantage - Cairo's 6-month learning curve acts as a filter, deterring developers solely motivated by grants [1] - Developers who commit to Starknet tend to stay [1] Market Valuation - Starknet's market capitalization is at $517 million [1] - The market is potentially undervaluing Starknet, pricing it similarly to declining Layer 2 solutions despite its growth [1]