Coin Growth Explodes:

The Base Layer-2 has now surpassed the Solana network in terms of daily token launches. According to Dune Analytics, token launches on Base started to overtake Solana on July 24. Base recorded close to 39,000 new launches on that day, compared to 33,000 on Solana. During its most active day on July 27, 68% of newly deployed tokens were created on Base. This sharp rise in activity is due to the integration of Farcaster and Zora in the rebranded Base App. As users post on Zora within the app, each token will be immediately deployed with a 1,000,000,000 supply, with liquidity seeded directly on Uniswap.

Translation:

Unique Coins are going to become as prevalent as people. Eight billion people, 8 billion coin classes. Platforms like Base, Solana, and Hyperliquid enable rapid token launches via smart contracts, which the coin producer does not even realize he or she is using, just as the average person has no clue about electromagnetism and quantum mechanics when using a cell phone. The minimal barrier for a developer is a cell phone. So we have an explosion of personal meme coins in addition to the dramatic lowering of development and transaction costs for real digital communities.

The average market cap of the world’s 36,400,000 coins is now $102,747 per token class. That is based on the world’s total cryptocurrency market capitalization of $3.74 trillion, but of course, most of that is Bitcoin, Ethereum, a few more chains like Solana, BNB, and Tron. Market caps follow a power law distribution, meaning something like one percent of one percent of one percent of the coins have 99.9 % of the value.

Platforms like Zora (Base) and Pump.fun of Solana generate tens of thousands of tokens daily, many with market caps under $1,000 or even $100, as seen with Zora’s Creator Coins averaging $293 in trading volume-derived value. That’s about right because the average cell phone costs even more than that, and if the average cell phone owner considers himself a movie producer, then his market value as a movie producer is likely around $293 or less.

Message:

For a Real World Asset Coin, which is not a stablecoin or a derivative decentralized instrument representing a stock, the coin must be a currency reflecting real commercial activities in the digital world. The economic incentives for using a digital communities are:

1. The reduction of transaction costs and information costs for real businesses.
2. The ability to access Generation Z, young Millennials, and Generation Alpha;
3. The ability to access the long tail of producers, consumers, and engaged persons in socio-economic communities, political communities, and businesses.
4. True empowerment of the individual by reducing censorship and supporting true 17th-century liberalism, meaning freedom, in the 21st century.