Krutika Adani
Coinbase's Base Network has officially overtaken Solana in daily token issuance. The Ethereum Layer 2 solution has seen a historic rise—powered by the explosive growth of Zora’s decentralized social ecosystem.
Zora enables creators to tokenize digital content into tradable assets. With this SocialFi innovation, Base saw 1.6 million tokens minted in a day, attracting nearly 3 million traders across its ecosystem.
“Base now leads all others in on-chain token issuance,” said Jesse Pollak. Conor Grogan called it a “massive moment,” highlighting its disruptive potential for on-chain economies and creator monetization.
The token flood raises concerns about short-term speculation. With rapid growth often comes volatility—and some analysts warn of regulatory scrutiny ahead for ungoverned token models.
As Base reshapes token dynamics, its SocialFi model could redefine how value is created and exchanged online. Meanwhile, Ethereum continues to lead in value, trading at $3,497 with a 39% monthly surge.