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The Solana 
$120 network has created over 87% of all new tokens launched among tracked blockchain networks. By the end of September, a total of 110,180 tokens had been developed, with 96,010 of them on Solana.
Rapid Growth in Token Creation
Since the beginning of 2024, Solana has continued to produce over 100,000 new tokens each month. This trend indicates a significant increase in token activity on the platform.
Competition Between Base and Solana
Since April 2024, Base and Solana have been in competition for new token launches. Both networks dominate the token creation space, holding over 80% of the market share.
The surge in new tokens on Solana is largely supported by the popularity of memecoins. Platforms like Pump.fun have simplified the token creation process, boosting speculative activity.
In addition to their significant share in token launches, Solana and Base play a central role in evaluating new projects. These networks facilitate user-friendly token creation and market entry, expanding their ecosystems.
Anatoly Yakovenko, CEO of Solana Labs, stated, “The current status of memecoins is a positive development for the industry.”
However, it is important to note that not all new tokens are memecoins. Social media interest and market hype significantly influence the value appreciation of certain tokens.
In conclusion, Solana’s leadership in token launches appears sustainable due to its technological infrastructure and user-friendly tools. This situation supports Solana’s position as a key player in the blockchain ecosystem.
