In just 30 days, the cryptocurrency market has witnessed the launch of over a million new tokens. This extraordinary rise indicates the quick development and growing demand for digital assets.
Since April 1st, Ethereum ( $ETH ) has seen a total of 372,642 new tokens, of which 88% are on Base, the layer-2 blockchain operated by Coinbase. Meanwhile, the success of memecoins has resulted in a notable influx of new tokens onto Solana ( $SOL ). This extraordinary activity shows the cryptocurrency landscape's ongoing development.
In the meantime, 643,227 additional tokens have been created on Solana in the same amount of time, with 466,914 of those being memecoins. This means that more than 20,000 brand-new Solana tokens are produced each day.
