Base Surpasses Solana? Hype or Here to Stay? 🚀

Base has officially dethroned Solana in the daily token launch Olympics, thanks to a surge of “creator coins” that turn your average social media post into a digital goldmine. But let’s be real—this is just the crypto version of a toddler’s crayon masterpiece, right? 🖌️💸

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This was largely driven by a powerful new mechanism that turns social content into tradable tokens. Each time a user posts on the Base app, Zora’s smart contracts automatically mint an ERC-20 token linked to that piece of content. This token or “creator coin” is then launched on Base and becomes instantly tradable. The original creator then receives a portion of the supply and earns fees every time the token is traded, turning every post into a potential revenue stream. *Because who needs a real job when you can sell your opinion on Twitter?* 📱

This new creator economy has led to over 1.6 million tokens launched and nearly 3 million traders participating, generating around $470 million in trading volume since the Base app relaunch. The flagship ZORA token itself now boasts a market cap of around $200 million—an increase of approximately 185% from its ~$70 million valuation in April. It peaked at about $310 million in late July before retracing to current levels. *Because nothing says “stability” like a token that’s up and down faster than a caffeine-fueled squirrel.* 🐿️

Other notable creator coins on Base have also achieved substantial market caps and are driving substantial trading volumes, including:

Zeebu (ZBU), with a market cap of $487.9 million, though daily trading remains relatively light at $371K—suggesting strong valuation but limited liquidity. *Because nothing says “investment” like a token that’s more valuable in theory than practice.* 🧠
Wormhole (W) follows closely, boasting a $355.8 million market cap and a healthy $22.6 million in 24-hour volume, making it one of the more actively traded tokens in the ecosystem. *Finally, a token that’s actually useful… or at least, someone thinks so.* 🤷
Yield Guild Games (YGG) holds a $81.3 million market cap and sees $12 million in daily volume. *Because gaming and crypto are definitely the same thing.* 🎮
Zentry (ZENT) rounds out the group with a $54 million valuation and $6.7 million in 24-hour volume. *A token so niche, even its creators might not understand it.* 🤯

For context, the Base app, which has served as a user-friendly front end to the Zora’s creator token ecosystem, was rebranded from Coinbase Wallet in mid-July. It’s now a comprehensive SocialFi platform that combines social networking (powered by Farcaster), USD Coin (USDC) payments, onchain identity management, and dApp discovery. *Because nothing says “user-friendly” like a platform that requires a PhD in blockchain to navigate.* 🧪

What have you bought on the @baseapp today?

I was checking out @zora creater coins 🚕 💨

— 0xGaugi.base.eth (@0xGaugi) August 3, 2025

Are Zora’s creator coins on Base more than a hype cycle?

Despite the rapid growth in these creator coins, much of the activity is driven by short-term traders who are after quick profits, which isn’t sustainable. To address this, Jesse Pollak, the creator of Base, has suggested that crypto funds step up by taking sizable, long-term positions—such as $5 million or more— in creator coin indexes, calling this a “a relatively no-brainer opportunity to win as the onchain creator economy grows.” *Because nothing says “long-term” like throwing money at a trend that’s already collapsing.* 🚨

I would pick an overall $ spend, then come up with some rough heuristics for what a high potential creator coin looks like (eg audience, content quality, commitment to it, etc), then allocate across all existing creators that fit it and build tooling to buy into new ones early

— jesse.base.eth (@jessepollak) August 3, 2025

2025-08-04 14:42

Are Zora’s creator coins on Base more than a hype cycle?

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