Solana
News Explorer — Solana saw 455,000 tokens created in May, surpassing the Ethereum network
June 4, 9:30 a.m.
Crypto Unleashed
Solana saw 455,000 tokens created in May, surpassing the Ethereum network
In May, Solana saw a significant increase in the number of tokens launched on its blockchain, with 455,000 tokens compared to the 177,000 tokens on the Ethereum Layer 2 Base network. Solana’s fast finality, high throughput, and low transaction fees make it an attractive platform for token creation. However, many of these new tokens are memecoins, known for their volatility and lack of intrinsic value.