Solana (SOL) has emerged as the dominant platform for new token issuance, accounting for a staggering 87% of all new tokens issued across all blockchains. As of September 30, a total of 110,180 tokens had been issued across all chains, of which an impressive 96,010 were based on Solana. This surge in Solana-based token issuance can be attributed to the growing popularity of meme coins and the launch of platforms like PumpDump. Meme coins, like Dogecoin and Shiba Inu, have gained significant traction among retail investors, leading to an increase in token issuance on Solana's blockchain. Moreover, platforms like PumpDump have further fueled this trend by providing a platform for users to create and trade new tokens. Base, a layer-2 network from Coinbase, ranks second in terms of new token issuance, albeit with a significantly smaller share compared to Solana. This highlights Solana's dominance in the new token issuance market, which is expected to continue with the platform's growing popularity and the expansion of its ecosystem.

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