The Base is testing Solana’s dominance in the launch of the token, with a recent explosion of SocialFi activity that drives the Ethereum Layer-2 network to the top of the industry leaderboard.
In recent years, Solana has been go-to chain for new tokens. Low fees and high throughput draw merchants away from Ethereum. It became a hub for memecoins, with launchpads such as pump.Fun spawning ten -ten -thousand tokens days.
Advancement to Coinbase’s base comes from a different type of token economy, developed in social media posts, viral moments and a new wave of creator’s tools. Coinbase recently introduced the Base App by rebraning its purse, which sparked a flowing socialfi activity in applications such as Zora.
Token launchs have tilted the base in recent weeks, but Solana is still leading the basic metrics of activity, according to Nansen data. And although Zora is onboarding the biggest crypto names to base, critics talk about whether thousands of new tokens have a financial value or if they lose like another blockchain fad.
The Base App Rebrand has sparked a new Ethereum L2 SocialFi Wave
July 16 of Coinbase Rebrand to Base App Its purse made the hub of creators where users can post, mint and exchange their posts by incorporating social tools such as Zora and Farcaster.
Impact immediately. On July 16, Base recorded 7,557 new token launch. The next day, that number was about three times at 22,098.
On July 17, Zora beat the Pump.Fun on the token launched to put the second in the industry, at a time when Solana Launchpad Letsbonk was eating the pump.fun market dominance. Zora then reached the Letsbonk to claim the leading place on July 23. The next day, Zora’s 38,254 tokens launched a combined sum of Solana’s rival memecoin platforms, recording 29,012 tokens.
But not everyone is convinced that thousands of New Zora’s tokens hold any value. “Most users do not accidentally enter a market with a often unnoticed flaw: usually no liquidity to ever sell the token, which trapped both creators and their fans to a worthless token,” Brian Huang, glider co-founder, told Cointelegraph.
Alexander Cutler, CEO of Aerodrome – a decentralized exchange at the base – the public defends Zora. She is Argued Heavy Instagram users are drawn to Zora, as they are rewarded for their usual activities.
“I ride in more normies here than anything in crypto and they enjoy it. The speculators are just making markets,” Cutler Says In X.
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Solana is still outpaces base in spite of the Ethereum L2 advancement
Like other social media platforms, posting only in Zora does not guarantee an audience. It takes time, dedication and consistency to grow the following. Simply because a user’s post does not mean that it has liquidity or value.
“Counting the number of tokens created is a worthless scale. This is the value of these tokens in combination -very important,” Huang said.
“As you can imagine, in a world where social media is generally considered free, 99.99% of these content tokens are similar to worthless.”
The value of Zora tokens has become a popular punching bag for critics, but Solana tokens follow a similar path. As the cointelegraph reported, almost 99% of tokens launched on pump.fun Do not get enough attention and liquidity. They, too, are ultimately worthless.
On rare occasions, Solana Memecoins can be tradable and even advance to millions of market capitalization. Celebrity endorsements And the backing of political leaders also helped memecoins break, even though many of them Failed to allegations in the scam.
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Solana stays ahead of almost every broader measure of activity. Its ecosystems benefit from established liquidity pools, mature decentralized protocols (DEFI) protocols and a developer community accustomed to shipping at speed.
While the throughput of the base usually falls into Solana’s, it shows its competitive potential by reaching a peak of 959 Transactions per second (TPS) during a high-volume token launch. But Solana is in the process of adopting a firedancer – currently by the Frannandancer hybrid in almost 10% of validators – to boost performance and throughput, with internal trials Shows that up to 1 million tps.
Although the “Solana Guy” is talking about Zora’s base right now
The base’s socialfi-fueled token launch surge shows how fast the onchain momentum can move, especially if a platform finds a cultural hook. Zora gave the base a unique niche that was rooted in content creation. So far, freshness is the driving of the user’s relationship.
But the underlying economy remains young and fragile. Most of the new tokens in Zora have a bit of liquidity, reflecting the same pattern that Solana’s memecoin boom defined.
“Why not just let the creators direct the creators directly? It seems to be more straightforward and well-understood. Instead, we have this process, which seems to be a way to boost the measurements of the base at the base without creating a long-term value,” Huang said.
Despite critics, Zora continues to force the curiosity of prominent crypto names. One of them was Zion Thomas (better known as Ansem), a major influencer and investor in the Memecoin Space, who was also given the nickname “Solana Guy.”
Solana’s edge came from more than speed and low cost. The years of ecosystem development provided it with mature pools of liquidity and developed defi protocols. That depth makes it more difficult for newcomers to disappear, even if they post headline-grabbing spikes in the activity.
Although the base can replicate its current explosion of growth, the matching depth of Solana’s activity will require more society -driven tokenization. The real test is whether it can be viral moments in long ecosystems with real liquidity, sticky users and applications with attention after something new. Without that, the current surge risks decrease as another short chapter as the crypto of the onchain fads continued to collapse.
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