Jun 3, 04:27 PM

Surge in Token Creation: Solana Hits 541K New SPL Tokens in May

The cryptocurrency landscape has seen a significant surge in token creation, particularly on the Solana and Base networks. Since March, over 500,000 new tokens have been issued on the Base network, with 240,000 in April and 177,000 in May. Solana has also experienced a remarkable increase, with 541,000 new SPL tokens launched in May alone, driven largely by the memecoin frenzy. The platform has surpassed other blockchains, including Ethereum Layer 2 Base and BNB Chain, in the number of new tokens created. Notably, the meme coin launchpad, pumpdotfun, on Solana has surpassed $30 million in total revenue.

#Solana #Base #BNB Chain

Written with ChatGPT (GPT-4o).