Zora’s native token surged 43% in the past 24 hours to roughly $0.137, topping cryptocurrency gainers after a wave of new token launches on the creator-focused social network. The rally extends the asset’s advance to 129% over the week and 1,566% for the month, according to CoinGecko data. On-chain analytics firm Dune recorded about 47,000 new tokens minted by 21,000 creators on Aug. 10, the highest activity since July. Daily active traders on the Ethereum Layer-2 platform climbed to a record 284,931 the same day, underscoring growing retail interest in so-called “content coins.” Momentum has been building since Zora was integrated into Coinbase-backed Base App in mid-July, simplifying access for retail users, and since Binance introduced ZORA-denominated perpetual futures with leverage of up to 50 times. Zora, built with the OP Stack and launched on Apr. 23 with an airdrop of 10% of its supply, rewards artists and musicians for sharing content and now competes with rival minting services such as Pump.fun.
Social Network Zora Jumps 43% as Token Creation Surges ► https://t.co/AtHTvgYZEi https://t.co/AtHTvgYZEi
🗞 Top #Crypto Gainers & Losers: Mon, Aug 11 (24H) 📈 Biggest Gainers ZORA $ZORA +45.32% WhiteRock $WHITE +23.33% Pump fun $PUMP +20.67% 📉 Biggest Losers Cheelee $CHEEL -14.62% Useless Coin #USELESS -8.97% Aerodrome Finance $AERO -8.65% https://t.co/NAwjVnb31D
Top weekly gainers on Kraken $RXRC, $K, $RWN, $ZLK, $RBX, $STX https://t.co/z6KRVBa8HH