Golden Finance reported that nearly half a million tokens were launched on the Solana blockchain in May due to the low entry barrier and the surge in demand for creating popular memecoins. According to data from The Block Pro, 455,000 tokens were created on Solana in May, compared with 177,000 tokens created on Ethereum Layer2 Base and 39,000 tokens created on the BNB chain. Less than 20,000 tokens were created on the Ethereum mainnet and Layer2 networks Arbitrum and Optimism.