Solana News Today: Base Overtakes Solana in Daily Token Issuance Due to Zora Surge

Coinbase’s Base network has recently surpassed Solana in daily token issuance, marking a significant shift in the decentralized finance (DeFi) landscape. This surge in token creation on Base is largely attributed to the rapid adoption of Zora’s SocialFi platform, which has seen a boom in user engagement and the issuance of Creator Coins. Over 1.6 million tokens have been minted since mid-July, with Zora playing a central role in driving this growth [2].

The rise of Base is reshaping on-chain dynamics, as developers and creators increasingly favor its Ethereum-based Layer-2 infrastructure. The platform’s integration with Zora’s token model has enabled faster and more accessible token issuance, leveraging lower fees and improved scalability. Jesse Pollak, the founder of Base, has highlighted this development as a pivotal milestone in the evolution of token economies and decentralized platforms [3].

Coinbase and Zora have played a collaborative role in this growth, with strategic initiatives such as rebranding and the promotion of social token-minting. These efforts have reinforced Base’s position as a leading platform for on-chain innovation. Meanwhile, native Base token ZORA has seen a 440% price increase, further signaling the network’s growing influence [2].

This development mirrors earlier patterns seen in the rise of high-throughput blockchains like Solana, where innovative applications and low-cost entry points drove mass adoption. However, while Solana had previously dominated token creation through platforms such as Pump.fun, its share has been challenged in recent weeks. The Letsbonk token now accounts for 65.2% of Solana’s token issuance, surpassing Pump.fun (23.1%) and BAGS (4.41%) [1]. This consolidation reflects the growing impact of individual token projects on broader network trends.

The shift in token issuance dynamics could have long-term implications for capital flows and user behavior. As Base continues to attract developers and creators, it may further solidify its position as a preferred ecosystem for token innovation. This trend may influence how users and investors perceive the value proposition of different blockchain networks in the evolving DeFi landscape [3].

[1] title: Solana News Today: Letsbonk Captures 65.2% of ...

url: https://www.ainvest.com/news/solana-news-today-letsbonk-captures-65-2-solana-token-issuance-market-24-hours-2508/

[2] title: Base Flips Solana in Token Creation: Are the Trenches ...

url: https://cryptorank.io/news/feed/feb9f-base-flips-solana-token-creation-are-the-trenches-moving-homes

[3] title: Is Base Becoming More Popular Than Solana?

url: https://www.bitrue.com/blog/is-base-becoming-more-popular-than-solana