Solana News Today: Coinbase Base Surpasses Solana in Daily Token Launches

Coinbase’s Base network has overtaken Solana as the leading platform for daily token launches, ending Solana’s two-year dominance in high-frequency token creation. According to AMBCrypto, the shift began around mid-July and has continued to accelerate, driven by Base-native launchpads such as Zora Coins [1]. Zora is now generating over 60,000 tokens per day, with peaks approaching 80,000, significantly outpacing Solana-based platforms like Pump.fun and LetsBonk. This surge has led to a clear shift in volume dominance, with Zora’s output reflecting not just increased token creation but also greater network consolidation on Base [1].

From a technical standpoint, Base operates as an Ethereum Layer-2 rollup, offering developers the benefits of Ethereum’s security while reducing gas costs and improving transaction throughput [1]. Its full EVM compatibility lowers the barriers to entry for developers, while Coinbase’s brand and infrastructure provide a trusted and user-friendly environment. This has made Base an attractive option for token creators, particularly for projects like memecoins, social tokens, and community-based token drops.

Solana, on the other hand, maintains an edge in raw transaction speed, processing over 4,000 transactions per second [1]. This makes it ideal for use cases where speed is critical, such as DeFi. However, when it comes to the ease and frequency of token creation, Base has taken the lead. The key differentiator lies in the tooling and builder energy focused on token deployment, where Base has clearly outpaced Solana in recent months.

The broader market context shows a mixed performance for crypto-related equities. On July 30, Coinbase shares fell by 2.1%, underperforming alongside other crypto stocks such as MicroStrategy and Riot Platforms [2]. This decline occurred amid broader market uncertainty, with investors waiting for key U.S. economic data and regulatory developments. Meanwhile, BlackRock’s Ethereum spot ETF staking application has been acknowledged by the SEC, a move that could influence market sentiment and capital flows in the near term [3].

Despite the shift in token creation dominance, Solana continues to attract institutional interest, particularly with the potential launch of a Solana ETF. Invezz reported that inflows could exceed $5.5 billion, driven by growing momentum and despite regulatory hurdles [4]. This highlights that Solana’s strong value proposition still resonates with institutional investors, even as its technical edge in token creation is being challenged.

The regulatory landscape remains a pivotal factor. The Trump-era SEC has dropped its lawsuit against major crypto exchanges, including Coinbase and Binance, for alleged regulatory violations [5]. This development could ease legal uncertainties and create a more stable environment for innovation in the sector.

Coinbase’s strategic move with Base marks a significant shift in the blockchain ecosystem. By offering developers a scalable, low-cost, and familiar environment, Base is redefining the competitive landscape. While Solana retains its strengths in speed and throughput, the broader evolution of the market suggests that the next phase of blockchain adoption will be shaped by regulatory clarity, technological integration, and the continued rise of Ethereum-based solutions.

Sources:

[1] AMBCrypto - [https://ambcrypto.com/coinbase-just-ended-solanas-2-year-reign-whats-next/](https://ambcrypto.com/coinbase-just-ended-solanas-2-year-reign-whats-next/)

[2] Saxo Bank - [https://www.home.saxo/content/articles/macro/market-quick-take---30-july-2025-30072025](https://www.home.saxo/content/articles/macro/market-quick-take---30-july-2025-30072025)

[3] The Economic Times - [https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms](https://m.economictimes.com/crypto-news-today-live-29-jul-2025/liveblog/122959972.cms)

[4] Invezz - [https://invezz.com/news/2025/07/30/solana-etf-momentum-builds-amid-sec-shakeup-5-5b-inflows-expected/](https://invezz.com/news/2025/07/30/solana-etf-momentum-builds-amid-sec-shakeup-5-5b-inflows-expected/)

[5] MarketScreener - [https://uk.marketscreener.com/news/white-house-set-to-unveil-closely-watched-crypto-policy-report-ce7c5fdfdb89ff27](https://uk.marketscreener.com/news/white-house-set-to-unveil-closely-watched-crypto-policy-report-ce7c5fdfdb89ff27)