More Than 600,000 New Tokens Were Launched on Solana and Base in the Month of May
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Three years in the past we had our minds blown by this video, titled:
“The best way to make a cryptocurrency for lower than $2”
…all you wanted to do was purchase some BNB tokens, swap them into sensible chain tokens, copy and paste some code — and BOOM!
You had your personal cryptocurrency.
It was wonderful to us how accessible the method felt.
These days, that tutorial feels riddled with unnecessary friction, given you could go to pump.fun/create → fill out a 4 half kind (token title, ticker image, description, picture) → then one-click launch your token.
This low barrier to entry led to — look forward to it — 455,000 new tokens being launched on Solana final month.
Which is a big deal!
Not only for Solana and its holders, however for your complete area.
As a result of whereas coin/token maximalists are sometimes the loudest voices — they really make up a minority of crypto customers.
(E.g. Greater than 80% of Bitcoin holders additionally maintain different cash/tokens).
The latest firehose of memecoins coming from Solana and Base may really feel fickle (and they’re), however memecoins are a large onramp for brand new customers.
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They arrive in trying to ‘catch a fast win’
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They not often do (however its softened by the truth that most people don’t make investments various hundred {dollars} into these tokens)
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They regroup and begin to discover extra measured approaches, studying concerning the main initiatives within the course of
It’s bizarre.
…however it works.
