NEW: StarkWare is restructuring into two business units and reducing staff after network revenue dropped over 99% from ~$6M/month (late 2023 peak) to just ~$48K in early April.

This reflects a sharp unwind of activity-driven revenue in L2 ecosystems—where early usage spikes often come from incentives or speculation, not sustained demand.

The real challenge for scaling networks isn’t throughput it’s converting temporary activity into durable fee-paying usage that survives incentive cycles.$BTC $ETH $BNB