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Coinbase's "SocialFi" has sparked a Zora frenzy, with daily token issuance on the Base chain surpassing Solana.
PANews, August 4 news, reported by CoinDesk, Dune analysis data shows that the Ethereum Layer 2 network Base supported by Coinbase has surpassed Solana in daily token issuance volume. This change is mainly driven by the decentralized social platform Zora, whose "Creator Coin" model transforms content into tradable assets. After the Base App under Coinbase transitioned to a SocialFi entry in July, the ZORA token has risen by over 500% in the past month. Data shows that after the re-launch of the Base App, the activity on the Zora platform reached a historic high: over 1.6 million creator tokens minted, attracting nearly 3 million independent traders, with a total trading volume of 470 million dollars. However, critics point out that current users are mostly traders, exhibiting a short-term speculative tendency, and Zora's governance has sparked strong opposition on social media, yet the scale of the creator economy on the Base chain is accelerating its expansion.