Zora Token Rises 43% Thanks to Surge in Token Creation Activity

The Zora Token ($ZORA ) of the decentralized social network of the same name has seen a strong price increase, reaching 43% in the past 24 hours and 1,566% in the last month. This growth momentum comes from a significant increase in token creation activity on the platform.

Impressive Growth Thanks to Widespread Adoption

Zora is a Layer-2 network of Ethereum, built on the OP Stack, aimed at rewarding artists and musicians when they share their works. The platform has become more accessible after being integrated into the Base App in mid-July, allowing users to create tokens directly on the app. Since then, tokens created with Zora have reached a market capitalization of up to 14.4 million USD.

Momentum from Binance and On-Chain Activity

Although there has been no major announcement from the team #zora , on-chain data shows a boom in token creation activity. In just one Sunday, a total of 47,000 new tokens were created by 21,000 creators.

In addition, the exchange #Binance listing perpetual futures trading pairs ZORA/USDT with leverage up to 50x is also a key factor driving this price increase. The combination of easy user access and interest from major exchanges has created a strong boost for Zora.