Base: Over 500,000 New Tokens Issued Since March
CryptoNewsTerminal Staff03 Jun, 2024
Base: Over 500,000 New Tokens Issued Since March
Over 500,000 new tokens have been issued on Coinbase's layer-2 network, Base, since March, according to Dune Analytics data. Base has become a major venue for memecoins to be issued and promoted on a network other than Solana (SOL). The issuance of so many new tokens on Base is a sign of the growing popularity of the network. Base is a layer-2 network that is designed to be scalable and secure, and it has attracted a number of projects that are looking to build on a network that is not Ethereum. Memecoins have been particularly popular on Base, as they have been on Solana. Memecoins are often created as a joke, but they can sometimes gain significant value. The issuance of so many new memecoins on Base is a sign of the growing interest in these types of assets. The growth of Base is a positive sign for the cryptocurrency industry. It shows that there is demand for scalable and secure networks, and it provides a new venue for projects to launch and grow.
