Base network, a Layer-2 solution from Coinbase, has surpassed Solana in daily token issuance, primarily due to the successful growth of Zora and its SocialFi platform.
Base Network Outpaces Solana in Token Production
Coinbase’s Base network, an Ethereum Layer-2 solution, has surpassed Solana in daily token issuance. This surge is attributed to the explosive expansion of Zora’s SocialFi platform.
Zora's Creator Coins Drive Activity
Zora's Creator Coins sparked a surge, with over 1.6 million tokens minted and 3 million traders since mid-July. This positioned Base as a dominant force in on-chain token creation.
Base's Growth Mirrors Solana's Early Boom
The rise of Base mirrors earlier trends seen in Layer-1 and Layer-2 booms, similar to Solana’s memecoin surge, driven by innovative applications and lower fees.
Base network leading in daily token issuance illustrates the changing dynamics of on-chain activities and engagement in decentralized finance.
