Coinbase’s Layer 2 network, Base, has announced it will start collecting coined content as part of its push to support creators in a new digital economy.

In an Aug. 7 post on X, the Ethereum layer-2 said it will hold these tokens indefinitely, with no plans to trade or sell them. It also stressed that the move aims to reward creativity rather than make investment gains.

Base stated:

“We believe creators should be directly rewarded for creativity, and we want to showcase how creators can earn from their content.”

The network will collect these tokens through its Base App, where creators can now earn a fee every time their content is bought or sold. Payments will be sent directly to their wallets.

Content coins

Over the past months, content coins, digital tokens representing a single piece of content, have gained significant momentum on Base thanks to the network integration with Zora, a content creation-focused platform.

Base founder Jesse Pollak describes the tokens as merging content and coin into one entity, with value stemming from cultural impact, virality, or meme appeal rather than traditional utility.

However, critics have dismissed the idea as simply another form of memecoin.

In reaction to these claims, Pollak argued that content holds intrinsic worth. He points out that creators generate trillions of dollars in business value globally, yet capture little of it.

In his view, content coins give creators the most powerful tool the industry has for enabling the free flow of value.

He stated:

“The content itself is fundamentally valuable. In a repeated game (like all these coins are), the fundamental value of any individual asset is downstream of the way the participants behave. just like in a traditional art market.”

Zora’s co-founder, Jacob Horne, also explained that this new model allows creators to earn from their work every time it goes viral, unlike traditional social platforms, where viral posts often generate little to no revenue for the creator.

As a result, the explosion of these content coins has helped Base briefly surpass Solana as the leading blockchain for daily token creation. Much of this growth has been driven by Zora, a protocol that allows users to turn digital content into tradable tokens.

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A sharp pullback follows a rejection in the $115,000 resistance zone

Kurnia Bijaksana provided an update on the current state of the crypto market, noting that Bitcoin and some Altcoins had dropped sharply last night. The sudden movement has attracted attention from both traders and analysts and has looked closely at both the technical and fundamental factors that drive behavior.

From a purely technical standpoint, the decline appears to have been caused by Bitcoin, which hits the key resistance zone near the $115,000 level. Despite the pullback, Kurnia observed that Bitcoin prices showed early signs of recovery. The region has served as a price cap in recent sessions, and denials have sparked sales pressure across the broader crypto market.

However, intraday charts suggest that rebounds are already underway, with buyers intervening to protect key levels and potentially absorb recent sales. Whether this bounce can be turned into a sustained movement remains at a higher movement, but for now the chart suggests that Bitcoin may be stable after the initial drop.

The 1-hour chart reveals early signs of a trend reversal

Kurnia Bijaksana provided further analysis, focusing on Bitcoin price action within an hour period. Analysts say BTC is currently forming a higher, lower, lower. This is a classic indicator of growing bullish momentum and the likelihood of a short-term upward continuation.

Bijaksana also highlighted the potential development of reversed head and shoulder patterns. This is usually considered a strong bull inverted signal. In this case, the pattern’s neckline is located at the $115,300 level. This is an important zone of resistance that Bitcoin has to break through to confirm further.

If Bitcoin could break and hold it above this neckline, Bijaksana believes it could cause a measured movement towards the $118,000 level. This breakout confirmation will provide a clear bull signal and could pave the way for continuous strength in future sessions.

Bitcoin costs around $114,315, with a market capitalization of over $2.2 trillion. Over the past 24 hours, it has recorded trading volumes of over $58.8 billion, reflecting strong market activity.

The number of tradable crypto tokens has gone parabolic since 2022, with CoinMarketCap now tracking roughly 18.9 million digital assets, compared to a little over 20,000 in 2022.

In January of that year, roughly 20,000 assets were listed across major trackers. By mid-2025, that universe swelled to an estimated 18.9 million, an astonishing 945x increase in just three and a half years. 

The surge isn’t evenly distributed, as three high-throughput networks are responsible for about 90% of the new supply: Solana, Base, and BNB, driven by low fees, turnkey launchpads, and a culture of rapid experimentation.

The three kings

Solana is the epicenter. Over the past year alone, the chain saw on the order of 18 million new tokens minted as memecoin factories and no-code issuers lowered the barrier to creation to pennies. 

Pump.fun has produced approximately 11.4 million SPL tokens by late July 2025, according to the Dune dashboard by user oladee, which tracks the app’s on-chain mints. That’s up from roughly 8.7 million in March 2025, adding almost 2.7 million in four months, up by 31%. 

The count exceeds the combined new token count on Base, BSC, Tron, Polygon, Optimism, Arbitrum, and Ethereum during the same period. 

The result is a torrent of micro-cap assets, most launched for fun, virality, or speculation, and many never progressing beyond a few wallets and a shallow liquidity pool.

Base has emerged as the fastest follower. In barely a year, developers and creators deployed more than 8.4 million fungible tokens on the network.

Creator coin tooling tied to Zora ignited a rapid mint cycle on Coinbase’s L2. A Dune dashboard by user Sealaunch reported over 1.5 million creator coins minted in 2025, as the model spread, with much of this activity centered on Base following its integration into the Base App. 

In late July, Base briefly outpaced Solana by daily token count as “content coins” turned social posts into micro-tokens at scale.

Binance Smart Chain (BSC), which pioneered the cheap-token boom in 2021, continues to significantly contribute to new token launches. 

BscScan’s token tracker lists nearly 4.7 million BEP-20 token contracts on BNB Chain, the ecosystem that BSC is part of. This highlights its role as a mass-mint venue for fungible assets.

While its share of new issuance has faded relative to Solana and Base, BSC remains a go-to venue for fast, low-cost launches.

Liquidity per token shrinks

The catch to this Cambrian explosion is liquidity. Capital simply hasn’t kept pace with supply. Average stablecoin liquidity per token has collapsed from around $1.8 million in 2021 to roughly $5,500 in early 2025. 

In practical terms, most of the 18.9 million tokens are illiquid, thinly traded, and highly susceptible to manipulation. Prices can rocket or crater on a few hundred dollars of flow, and rug-pulls remain a risk wherever low-effort issuance thrives.

That imbalance is reshaping market structure. Despite the proliferation of assets, value continues to concentrate in a few hundred names, with Bitcoin’s and Ethereum’s dominance climbing as capital consolidates into proven networks while the long tail languishes. 

For teams, the sheer existence of a token no longer confers value. Protocols must prove durable demand by showing users, fees, cash flows, or compelling utility to attract liquidity in a saturated field.

Networks face their own trade-offs. High throughput and low fees empower permissionless creativity but also invite spam and churn. 

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Coinbase’s Layer 2 network, Base, has emerged as the leading blockchain for daily token creation, surpassing Solana for the first time since 2023.

This shift is primarily driven by Zora, a protocol that enables users to turn digital content into tradable tokens.

Base flips Solana

According to data compiled by Sealaunch on Dune Analytics, Base saw over 100,000 new tokens minted on July 27 and 28 alone, most of them originating from Zora.

In comparison, Solana-based platforms like Pump.fun and LetsBonk produced significantly fewer tokens during the same period.

Base creator Jesse Pollak highlighted the milestone, noting that the network now leads all others in on-chain token issuance.

Coinbase executive Conor Grogan also emphasized the shift’s significance, calling it a major development in the on-chain ecosystem.

Zora coins

Zora’s recent rise marks a notable trend in the evolution of content monetization on the blockchain.

While the platform initially gained attention before its April airdrop, its recent spike in activity reflects renewed interest in “content coins,” tokens created from individual posts or ideas.

However, blockchain analysis platform TK Research pointed out that participation on Zora is heavily skewed toward speculation.

According to the firm, roughly 93% of users are classified as traders, while only 6.1% act solely as creators. Less than 1% engage in both roles.

Considering this, critics argue that Zora’s system encourages speculation over substance.

AI researcher Sterling Crispin pointed out that these kinds of tokens are shitcoins because they are “low liquidity coins on automated market makers with exponential price curves.”

According to him:

“You can call them Creator Coins, Culture Tokens, Internet Capital Markets, Music Tokens, AI Tokens, or Memecoins, but it won’t change the toxic fundamentals. It’s a zero sum PvP game of musical chairs. Nobody leaves with more than they came with unless someone else is losing. And retail gets rinsed by snipers, bundlers, coordinated pump and dumps, FNF groups, and industrial scale autonomous trading bots.”

Pollak, however, defended the model. He argued that content and creators have long been undervalued and that tokens can correct that imbalance.

He added:

“Coins are the most powerful technology we have as an industry for enabling the free flow of value. we should let creators use them.”

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The app is designed to enable users to chat, trade, pay, and interact with other apps on the Base blockchain network.

The company shared a video during its “A New Day One” event in Los Angeles to show how people can easily post, send money, and trade without switching apps.

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Non-custodial Wallet: Why Do You Need It Right NOW

Coinbase said in a blog post:

Coinbase Wallet is now the Base app, evolving from a wallet into an everything app that brings together social, apps, chat, payments, and trading.

John Granata, who leads the product team, stated on X that the goal was to create more freedom and new ways for people to be creative and innovative.

Currently in beta with a waitlist, the app focuses on four main features. It offers an open social feed powered by Farcaster, where creators keep ownership of their posts and can earn money without needing big followings or sponsorships.

A discovery section lets users explore and use mini-apps, including games, yield tools, and prediction markets, directly in the app. It also includes private, encrypted chat with optional AI helpers that assist with trades and other tasks.

Finally, it features a built-in wallet that allows users to trade and make payments within the social feed. Payments use Circle’s USDC
USDC


$0.9958

There is also a sign-in option called “Sign in with Base”, which allows people to use the same login details across different apps without creating new accounts each time.

Recently, the cryptocurrency exchange Kraken launched a new app called Krak. What is it? Read the full story.

Donald Trump blasted his own MAGA followers in a panic-post this morning, calling them “weaklings” for demanding to see the Epstein files. He then blew them off as if they were flys hovering over his morning porridge: “I don’t want their support anymore!”

“The Radical Left Democrats have hit pay dirt, again!” Trump cried on Truth Social, twisting the Epstein narrative as if it were a conspiracy theory started by the left. “Their new SCAM is what we will forever call the Jeffrey Epstein Hoax, and my PAST supporters have bought into this ‘bullsh*t,’ hook, line, and sinker.”

“Let these weaklings continue forward and do the Democrats work,” Trump continued, turning against his loyalists who have failed to run with MAGA’s ever-changing propaganda. “Don’t even think about talking of our incredible and unprecedented success, because I don’t want their support anymore!”

So pedophile Jeffrey Epstein died in prison, and, like the files on Attorney General Pam Bondi’s desk, Epstein’s cohort Ghislaine Maxwell still sits in prison. But also, it’s all just a hoax. For those experiencing whiplash in the MAGA cult: learn to keep up or get out!

Previously: “Release the Epstein files!” QAnoners freak out over Trump’s failed promise

Degen Crypto, one of the base network’s major meme coins, has risen nearly 20% over the past seven days, while unofficial base mascot Brett has risen 7% at the same time.

At present, most chains’ attention is focused on Solana with the recent surge in the Bonk ecosystem and the upcoming launch of Pump.Fun Token, which dominates social media attention.

However, there is good reason to believe that pump tokens can emit substantial amounts of liquidity from the market. This is where the base can intervene as a safe shelter to the degree above the chain.

(Co Ringecko))

Base Chain Sentiment Check – Desancrypt to lead now

Degen Crypto is one of the most well-known basic chain projects, derived from the decentralized social network Farcaster. It quickly became the face of social network platforms as it plunged into the wider basic ecosystem.

Released in January 2024, DeGen surged from about $0.0008 to $0.056 in under a month around March of the same year, increasing by about 70 times, marking the highest ever held today.

It all paid off last October when Degen Crypto received his Coinbase list. This is a coveted achievement that other meme coins on the base today, including Brett, have not achieved.

This was monumental to the Degen token, and helped to establish it as a major player in the base, resulting in a consistent volume that comes with being listed as one of the world’s biggest centralized exchanges.

Discovered: 20+ Next Cryptocurrency Exploding in 2025

Even in the current low-capacity market, DeGen consistently handles daily trading volumes of over $10 million. This is an impressive feat of the project, with a market capitalization of just $80 million.

Speaking of market capitalization, DeGen is down 94% from an all-time high, offering risk-reward opportunities in favor of major basic projects struggling with recession across the broader market.

To see a return to its high in March 2024, DeGen Crypto will need to achieve a 15x price increase. This doesn’t seem entirely unrealistic given its nature as an established base chain meme coin that can be used by more than 10 million active monthly users on Coinbase.

Away from Degen, Brett is the main meme coin on the base, boasting a market capitalization of $430 million. This is the first base meme coin to peak at $2.1 billion in December 2024 and become a billion-dollar project.

Base Utilities – Major AI Projects for Giza Preservation

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Giza Crypto entered the scene in June as an emerging powerhouse in the base’s AI agent space. While the Virtuals Ecosystem is dominated, Giza is independent as a critical infrastructure protocol for intelligent, automated distributed finance (DEFI) systems.

The basic ecosystem has become hot and it reached a short time of $0.5 at the beginning of June, but has since cooled down and is now trading at around $0.175.

As the new project ranges from $10 million to $40 million in market capitalization, the story shifts from base to Solana and its Bonku ecosystem, but highlights the strength and long-term position of the project, as opposed to being another flash of Pan.

Giza raised $6.7 million in three separate funding rounds between 2023 and 2025. This was led by several heavily-hit VCs, including CoinFund, Coinbase Ventures and Allington Capital. With this support, Giza has given the time and space to focus on building a defi ecosystem of AI agents.

This project gives users the option to earn returns through an autonomous AI agent. This is being developed with a hyper-intelligent trading strategy. The Giza Dashboard shows that all utility-based metrics are compatible with your project.

Agent trading volume exceeds $323 million, up 37% a week, but assets under the agent have recently surpassed $10 million and are now up 16% at over $11.2 million. Total number of agents and total deals by agents have also increased over the past seven days.

With the continued growth of the project, it seems like a great example of a base chain token that could bring great benefits if attention and liquidity begin to return to the network.

(sauce))

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Base, a layer 2 scaling solution for Crypto Exchange Coinbase, registered with NASDAQ, has moved from the leader in 2024 to the top loser of the year in terms of capital inflows through cross-chain bridges.

Based on data from the Artemis terminal, we saw a net spill of $4.3 billion this year. This is in stark contrast to the net inflow of $3.8 billion in 2024, which was the highest of the top 20 blockchains.

Meanwhile, Ethereum, the world’s largest smart contract blockchain, registered a net inflow of $8.5 billion this year, compared to a net outflow of $7.4 billion the previous year.

Data shows that the momentum behind the base chain has slowed down, and Ethereum has regained its top spot.

Crypto-bridges are protocols that promote communication and interaction between different blockchains, improving interoperability. Therefore, bridging refers to the act of moving tokens between different networks.

Cumulative supply of stubcoin at the base has exceeded $4 billion since mid-May, along with mid-May, as shown by the chart below.

Base bleeding ETH

According to data source l2beat, the total number of ethers

The base was deposited from 1.82 million ETH to just over 835,000 ETH in four weeks.

This trend is in line with other Layer 2 solutions that have seen significant ETH spills in recent weeks, according to Michael Nadeau of Defi Report on X.

According to Coinbase protocol specialist Viktor Bunin, the outflow could be due to measurements to withdraw capital to Layer 1.

“The majority just retreat to L1. They kept a profane amount of L2. It’s unclear whether they’re getting the incentive to hold it there or not balanced across the chain that was supported,” Bunin said in X.

An analyst with a history of making timely Bitcoin calls believes that BTC is setting the stage for a huge move to the upside.

Pseudonymous analyst Dave the Wave tells his 153,600 followers on the social media platform X that if Bitcoin breaks through resistance at the $105,304 level, it will likely trade sideways for a while before bursting to new all-time highs.

“Wanting to see BTC break through the line of resistance to create a multi-month sideward ranging channel, a solid base from which to push to new highs.”

The analyst also says key indicators suggest Bitcoin remains in a bullish trend, including that the flagship crypto asset is trading well-above the lower bound of a years-long upward channel.

“The main BTC bullish takeaways:

• Maintaining a multi-year upward technical channel, with price well-positioned within that channel.
• Multi-year support being found at the one-year moving average, and not too far extended from that average.”

Lastly, he says Bitcoin’s recent sideways price action, including a temporary dip into the $90,000 level, is likely due to geopolitical concerns.

“BTC continued consolidation. A nervous market with recent developments in the Middle East.”

Bitcoin is trading for $107,904 at time of writing, up 1.8% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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