The Solana blockchain network has achieved an impressive milestone by accounting for over 87% of all new tokens launched across monitored blockchain platforms by the end of September 2024.
Acceleration of Token Creation
Since the start of 2024, Solana has been consistently producing over 100,000 new tokens monthly, signaling a remarkable increase in activity on the platform.
Rivalry Between Base and Solana
Starting in April 2024, Base and Solana have been in fierce competition for the top network for new token launches. Together, they command more than 80% of the market.
Prospects for Solana
Solana's stronghold in the token launch sector appears promising, supported by its advanced technological capabilities and accessible tools for developers.
Solana’s technological strengths and user-friendly tools keep it at the forefront of the market, showcasing an optimistic outlook.