🗣️ Shitcoins have started to actively migrate from Solana to the L2 network Base

For the first time, Base has surpassed Solana in the number of tokens launched — on July 27, there were over 54,000 new shitcoins compared to 25,000 on Solana. The main growth was driven by the integration of Farcaster and Zora, where each post turns into a token with trading liquidity.

Against this backdrop, Solana is losing activity: trading volumes and revenues of popular platforms, such as Pump fun and LetsBonk, are declining. This coincides with an overall decline in interest in meme tokens — over the week, their market capitalization has fallen by 15%, and trading volumes have decreased by more than half.