Coinbase-incubated Layer 2 chain Base has surpassed Solana in daily token launches. This event shows a tremendous increase in the network's creative activity. According to Dune Analytics, Base first surpassed Solana on July 24 and quickly established a lead.
On July 27, Base saw 54,341 fresh token launches, more than doubling Solana's 25,460 the same day. Base's daily token releases increased from 6,649 at the beginning of July to approximately 50,000 by the conclusion of the month.
The merging of the Zora and Farcaster protocols into Base App, which has been recently rebranded, is driving the increase. Zora users can create tradable ERC-20 tokens or NFTs from their posts and profiles, each with a one billion supply and a Uniswap liquidity pool. This allows creators to earn a part of the trading fees in ZORA tokens. Farcaster, a decentralized social protocol based on Optimism, improves this by promoting broad sharing and user interaction, increasing both activity and liquidity.
As of August 2, Zora alone accounted for 64.6% of all new token releases across Base and Solana, with 39,778 tokens versus Solana's 15,132 from Pump.fun and LetsBonk. Despite Solana's greater trade volumes, Base's exponential token production, fueled by Zora and Farcaster's synergy, has established it as a prominent hub for emerging digital assets.
