Coinbase-incubated Layer 2 chain Base continues to exceed the Solana network in the number of daily token launches, onchain data shows.
According to Dune Analytics data, Base overtook Solana for the first time on July 24 and soon started to solidify its position as a leading Layer 2 network in terms of token creation.
On July 27, Base recorded 54,341 new token launches, more than doubling Solana’s 25,460 on the same day. Beyond this direct comparison, Base experienced explosive growth in new token launches throughout July, soaring from just 6,649 on the first of the month to approximately 50,000 by month-end.
This surge is mainly attributed to the introduction of Zora and Farcaster into the Base App after its rebrand last month.
Zora is a decentralized social network that enables users to tokenize their posts or profiles into ERC-20 tokens or NFTs, with its native ZORA token driving the ecosystem. Integrated with Farcaster, a decentralized social networking protocol on the Optimism Layer 2 network, Zora allows users to create public social profiles, engage with communities, and maintain control over their data and identity.
Within the Base App, every Zora post is instantly minted as a tradable ERC-20 token with a 1 billion supply, paired with a Uniswap liquidity pool, enabling creators to earn 1% of trading fees in ZORA. Farcaster’s infrastructure boosts this by allowing users to share tokenized posts across its network, driving engagement and liquidity.
Zora and Farcaster’s synergy effect on the Base App likely fueled the surge in activity. It contributed significantly to Base’s lead in daily token launches, effectively overshadowing Solana, which has long been the mainstay network for memecoin launches.
As of August 2, Zora constituted 64.6% of all token launches on Base and Solana networks. Zora had 39,778 new tokens on the day, while Solana launchpads Pump.fun and LetsBonk saw 15,132 combined.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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