On August 4, Coinbase's Base, an Ethereum Layer 2 network, surpassed Solana in daily token issuance, a milestone largely driven by the decentralized social platform Zora. This development signals Base's increasing influence and a potential shift in on-chain dynamics.
The surge is attributed to Zora's "Creator Coin" model, which allows users to turn digital content into tradable assets. Following a recent update to the Coinbase Base app, user engagement skyrocketed. This led to a record 1.6 million tokens minted on Base, attracting nearly 3 million traders and demonstrating the growing impact of decentralized social applications, or "SocialFi."
Jesse Pollak of Base celebrated the achievement, stating that Base now leads all other networks in on-chain token issuance. This was echoed by Conor Grogan, who noted the development as a major step forward, highlighting Base’s potential to disrupt the existing on-chain ecosystem.
August 2025, Cryptoniteuae