Base, the Ethereum Layer 2 network developed by Coinbase, has overtaken Solana in daily token launches, driven by the explosive growth of creator coins minted through Zora's smart contracts. According to Dune Analytics data, this surge follows the July rebrand of Coinbase Wallet into the Base app—a SocialFi platform integrating social feeds, payments, and tokenization.
Zora's mechanism automatically generates an ERC-20 "creator coin" for every social post on Base, granting the original creator a portion of the supply and 1% fees on all trades. Since the relaunch, over 1.6 million tokens have launched, attracting nearly 3 million traders and generating $470 million in trading volume. The flagship ZORA token now holds a $205.3 million market cap—up 185% from April—after peaking at $310 million in late July.
Leading creator coins include Zeebu (ZBU) at $487.9M, Wormhole (W) at $355.8M with $22.6M daily volume, Yield Guild Games (YGG) at $81.3M, and Zentry (ZENT) at $54M. Despite ZORA's 500% monthly surge (per CoinMarketCap), it recently dipped 14% weekly, reflecting volatility. Jesse Pollak, Base's creator, urged crypto funds to take long-term $5M+ positions in creator coin indexes to stabilize the ecosystem, countering concerns that short-term traders dominate activity.
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