#memecoindeelonmusk

Recently published data indicates that the Solana ecosystem received almost half a million new tokens created and launched on its network during the last month, consolidating itself as one of the most active Blockchains.

tokens on Solana

According to data shared by The Block, the Solana network received some 455,000 new tokens created in May this year, a figure that far exceeds the 177,000 assets launched on Base, and the 39,000 that BNB Chain received.

In this regard, the head of strategy at the Solana Foundation, Austin Federa, emphasized that the network has characteristics that position it as an excellent option for this purpose, such as its fast processing of operations and low costs:

“The increase in mass token creation on Solana is a consequence of these features, bringing the cost of experimentation and creating new ideas to almost zero. Tokens on Solana should be as easy to create as content on the Internet,” Federa said.

In relation to the high flow of new tokens, the research details that the majority of these assets are mainly memecoins, coins based on memes whose value depends on speculative factors. The researchers indicate that those behind these projects are possibly trying to replicate the success of initiatives such as Dogwifhat (WIF) or Bonk (BONK), which at the time derived significant profits for their users.

Regarding the proliferation of memecoins, The Block's investigation points to the site Pump.fun, a platform that allows people to create tokens in very few steps, making the process easy, simple and intuitive. Several tokens have come out of there that have enjoyed some success in recent days.

The publication of this data comes a couple of months after a report from the firm Blockaid alleged that at least 50% of pre-sales of new tokens on the Solana network are basically fraudulent offers.