Coinbase’s Base Network Overtakes Solana in Daily Token Launches

For the first time since 2023, Base, Coinbase’s Ethereum Layer‑2 network, has surpassed Solana in daily token issuance, recording 54,341 new tokens on July 27 alone—more than double Solana’s output of 25,460 that day.

Aug 5, 2025 - 15:07
Coinbase’s Base Network Overtakes Solana in Daily Token Launches

Key Drivers Behind the Surge

  • Zora & Farcaster Integration
    Base’s rapid ascent stems from integration with Zora and Farcaster, enabling users to mint “Creator Coins” from their social posts—turning engagement into tradable ERC‑20 tokens. Zora accounted for 64.6% of all new launches on Base by August 2. 
  • Explosive Growth Curve
    Daily token launches on Base grew from 6,649 at the start of July to over 50,000 by month-end. By contrast, Solana platforms like Pump.fun and LetsBonk saw activity decline sharply—with trading volumes down over 50%. 
  • Market Heat Warms, Bubble Risks Grow
    ZORA token gained 440% in value in July. Critics warn about speculation-heavy dynamics: 93% of Zora users trade, not create. Governance centralization and token quality remain key concerns. 

Why It Matters Globally

Region Relevance
U.S. Signals rise of SocialFi-powered innovation within Ethereum L2 infrastructure; aligns with Coinbase’s institutional footprint.
UAE Emergent creator token models support Dubai’s fintech evolution and support digital cultural asset ecosystems.
India India’s strong mobile-first creator economy and rapid DApp adoption make Base and Zora models especially relevant to local users.

 


Coinccino Insight

“Base dethroning Solana in token creation isn’t just metrics—it’s a shift in on-chain culture. Platforms like Zora redefine content monetization, turning social engagement into tradeable assets. But the real test will be sustainability and utility over hype.”