X @Wu Blockchain

Over the past month, token launches on Base have surged, with daily issuance at times exceeding 100,000, while active addresses have fallen to an 18-month low and transaction volumes have continued to decline, highlighting a disconnect between token creation and meaningful economic activity. The data suggests Zora content coins primarily inflate creation metrics without driving sustained user engagement or underlying value. https://t.co/iH5bRwaRCc ...