Base surpasses Solana in the number of new tokens created, thanks to the Zora platform
Coinbase's layer-2 network Base has just surpassed Solana in the number of tokens created daily. The main driver comes from #zora , a platform on Base, which has created more tokens than both Pump.fun and LetsBonk of Solana combined.
The boom of Zora and the decline of Pump.fun
According to Dune's data, Zora has created a record number of 51,575 #Token in just one day, accounting for 67.7% of the total number of tokens created on both Base and Solana. This is the first time in more than a year that another blockchain has surpassed Solana in the number of token launches.
The boom of Zora occurs amidst a significant decline in Pump.fun's market share on Solana. Pump.fun was once the "factory" for creating meme tokens, but is now surpassed by competitors LetsBonk and Zora.
The biggest difference is Zora's operating mechanism. This platform turns each of its social media posts into a token on Base. Instead of just tokens being mass-produced by bots like on Pump.fun, Zora focuses on encouraging users to create original content, art, or everyday stories. Users trade these tokens, betting on the virality of the posts, creating a fresh and unique model. #anhbacong