Coinbase just ended Solana’s 2-year reign – What’s next?

Key Points

1. Base network, an Ethereum Layer-2 rollup, has overtaken Solana in daily token launches since late July.

2. Zora Coins, a launchpad on Base, is generating over 60,000 tokens daily, peaking near 80,000, surpassing Solana platforms like Pump.fun and LetsBonk.

3. Solana still leads in raw throughput with 4,000+ transactions per second (TPS), but Base is becoming the preferred choice for token launches.

4. Base's EVM compatibility makes it easier for developers to deploy applications, contributing to its rapid adoption.

5. The shift highlights the evolving dynamics in the Web3 ecosystem, with Base emerging as a strong competitor to Solana.