Base Overtakes Solana in Token Creation Frenzy as Coinbase’s ’SocialFi’ Supercharges Zora

Move over, Solana—Base just stole the tokenization throne. Coinbase's layer-2 blockchain is now the go-to playground for crypto degens, fueled by a SocialFi explosion that’s turning Zora into the new meme factory.

The Base Effect: More Tokens, Fewer Regrets?

Forget 'builders'—this is a spray-and-pray token party. Base’s low fees and Coinbase’s clout are attracting speculators faster than a free NFT drop. Meanwhile, Solana’s congestion issues have developers side-eyeing alternatives.

SocialFi’s Dark Alchemy

Coinbase’s bet on social finance is paying off—if you consider viral token pumps and influencer shilling 'progress.' Zora’s NFT tools are now the backbone of a creator economy that’s 90% hype, 10% utility. (But hey, those are VC-approved ratios.)

The Punchline

Another day, another blockchain narrative. Base wins until the next shiny thing distracts crypto’s ADHD capital. Just don’t ask about actual adoption—we’re too busy counting fake internet points.

"The Creator Coin model is simple but powerful," Dune said in an email.

"Each coin has a fixed 1 billion supply, half streamed to the creator over five years, half open to the market. Every trade sends 1% in $ZORA back to the content originator, linking engagement directly to earnings."

While the "creator coin" model seems to have simplified token creation to the point that it resembles traditional social media, where every post is instantly tradable, it's not without its critics.

According to TK Research, the momentum of content token creation and new users in Zora is strong. However, it seems that the majority of Zora users are traders, implying a potential focus on short-term speculation. However, some might argue the same about memecoins due to their lack of use cases.

Meanwhile, Zora's governance, or lack thereof, has also caused backlash on social media.

Despite the debate, for now, it seems the "creator economy" has found a home for retail-driven activity.

"While debate continues over whether content coins are a fad or the future, one thing is clear: Base’s memecoin and creator economies are growing fast, and Zora is at the center of it," Dune wrote in the email.