Since the beginning of April, more than a million new tokens have been created, with over 370,000 appearing on Ethereum, owing to activity on Coinbase’s Layer 2 network, Base.shared by Coinbase director Conor Grogan, 372,642 new tokens have been launched on the Ethereum network alone since April 1, with 88% of them on Coinbase’s Layer 2 blockchain, Base.
In fact, Base processes around 46% of all SocialFi transactions, making this sector vital for the network’s adoption and growth, according to the asset manager’s statistics.that Base is currently positioned as the third largest Ethereum Layer 2 network boasting $5.48 billion in total value locked .
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