The base has crossed Solana in a daily token launch in creator coins collided with social positions on the base app. But with most of the activity run by short -term traders, now the question is what this new manufacturer economy can remain.
Summary
- Base has crossed Solana at the daily token launch, operated by “Creator Coin”, which is automatically mined by Zora’s smart contract whenever users post social materials on the base app (east coinbase wallet).
- More than 1.6 meters tokens were launched and approximately 3m traders became active within weeks, generating $ 470 million in the trading volume.
- The coins of the manufacturer leading by the market cap include Zebu ($ 487.9m), Wormhole ($ 355.8m), and Zora ($ 205.3m), with Zora also dominating $ 102.8m per day.
The Etharium (Ath) Layer 2 Network Base, developed by the coinbase, has just crossed Salana (Sol) in the daily token launch.
It was powered by a large -scale a powerful new mechanism that converts social material into traditional tokens. Every time a user posts on the base app, the smart contract of Zora automatically. This token or “manufacturer coin” is launched on the basis and the beCAUSES is immediate traditional. The original manufacturer receives a part of the supply and transforms each post into a possible revenue stream to do business every time.
The new manufacturer economy has launched more than 1.6 million tokens and has been attended by about 3 million traders, who produce about $ 470 million in trading volumes since the base app. Flagship Jora Token now now claims a market cap of about $ 200 million – an increase of about 185% from its ~ $ 70 million values in April. It covered a distance of about 310 million dollars before leaving the current levels behind in late July.
Other remarkable manufacturer coins on the base also acquired enough market cap and are running adequate trading volumes, including:
- Zeebu (Zbu), with a market cap of $ 487.9 million, when the daily business is relatively light at $ 371K – suggests strong valoation but limited liquidity.
- Vermahole (W) follow-up, $ 355.8 million market cap and 24-hour-hour health of $ 22.6 million, it is one of the more trading tokens in the ecosystem.
- The Yield Guild Games (YGG) has a $ 81.3 million market cap and looks at $ 12 million in daily volume.
- Zentry (Zent) scores the group with $ 54 million valolation and 24-hour with $ 6.7 million.
For reference, the base app, which has been obtained as a user-party end for Zora’s creator token ecosystem, was rebuilt from the coinbase wallet in the middle-J. It is now a compressed socialfall platform that combines social networking (operated by Farcaster), USD Coin (USDC) payment, Onchen Identification Management and DApp Discovery.
Are Zora’s manufacturer’s coins more than a propaganda cycle?
Despite the rapid growth in the coins of these manufacturers, most activity to add it, the manufacturer of the base, JC Pool has stated that Crypto Funds said, taking a big, long -term trick’s property as a $ 5 million or more creator coin index, said, it is called a. Relative No-Brew opportunity to win as Onchen Creator Economy Gross. ,