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3w ago

Coinbase’s Base Surpasses Solana in Daily Token Issuance Led by Zora

Zora’s post-to-token system now produces about 68 percent of new tokens on Base, prompting scrutiny over speculative and bot-driven minting.

Coinbase just ended Solana's 2-year reign - What's next?
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solana meme coin meme coins zora Base pump.fun letsbonk

Overview

  • Base minted over 100,000 new tokens on July 27–28, marking its first lead over Solana in daily token creation since early 2023.
  • Zora exploded to an all-time high of 51,575 daily tokens, up from roughly 6,500 per day last month, and now accounts for around 67.7 percent of issuances across Base and Solana.
  • Solana platforms LetsBonk and Pump.fun saw their output shrink to about 22,554 and 4,173 tokens respectively on the same day.
  • TK Research reports that approximately 93 percent of Zora users are traders, while just 6.1 percent act solely as content creators.
  • AI researcher Sterling Crispin warns that many of these low-liquidity tokens function as ‘shitcoins’ on automated market makers and may be driven by pump-and-dump bots.