Coinbase’s Ethereum Layer-2 network, Base, is now leading in the number of memecoins launched, surpassing Solana due to active performance on the Zora platform.
Activity on Zora Platform
According to data from the Zora platform, 23,419 new tokens were recorded on Wednesday, significantly surpassing rival launches on Solana. Zora accounted for about 44.6% of all tokens issued on various platforms.
Records of Tokens and Users on Zora
Coinbase director Conor Grogan noted that the number of new tokens launched on Zora hit a record of 51,575 in a single day. The platform also attracted over 2 million active users in July, with 77,000 registering in the last week alone.
Debate on the Value of Creator Tokens
The recent activity on Zora and the rise of the $ZORA token has sparked debates among crypto analysts regarding the true value of creator tokens. Developer Jesse Pollak asserts that such tokens differ significantly from anonymously launched coins.
In conclusion, Coinbase’s Base network continues to gain popularity, overtaking Solana in memecoin count thanks to the Zora platform. The ongoing discussions about the validity of creator tokens reflect the rapid evolution of the digital asset market.
