Zora’s Token Frenzy: Social Network Skyrockets 43% Amid Creator Gold Rush
Move over, Wall Street—Zora's token economy just outran your favorite meme stock.
### Protocol pumps as creators mint digital assets
The decentralized social platform saw its native token surge 43% this week as creators flooded the network with new tokenized assets. Forget NFTs—Zora's frictionless token creation tools are turning every cat video into potential collateral.
### Degens cheer while VCs scramble
Retail traders piled in as transaction volume tripled, proving once again that crypto's favorite game remains 'greater fool bingo.' Meanwhile, Silicon Valley investors are too busy recalculating their SAFT paper gains to notice the actual users building real economies.
One hedge fund manager muttered through his artisanal coffee: 'It's not a bubble if we call it Web3 infrastructure.'
Why is ZORA surging?
No major news announcement from the Zora team itself seems to have precipitated the recent surge. But on-chain metrics show a spike in coin creation activity on Sunday, August 10th.
According to on-chain analytics from Dune, there were 47,000 new issuances from 21,000 creators, the highest levels reported since July 31st.
Zora is likely also benefitting from Binance, the world’s largest crypto exchange, launching ZORA/USDT and TAG/USDT perpetual futures trading pairs with up to 50x leverage late last month.
