Ethereum News Today: Base Stuns Solana in Token Supply Surge, Zora Dominates 62.69%
In a stunning turn of events, Ethereum’s Layer 2 solution Base has outpaced Solana in token supply for three consecutive days, with Zora accounting for a massive 62.69% of Base’s coin issuance. This development marks a significant shift in the DeFi landscape and raises important questions about market dynamics.
Base Token Supply Overtakes Solana: What’s Driving This Shift?
Recent data reveals that Base’s token issuance has exceeded Solana’s since July 26, 2025. The key driver behind this surge is Zora, which alone accounted for 51,575 tokens issued on Base – more than the combined totals of Letsbonk (22,554) and pump.fun (4,173). This dominance represents a remarkable 62.69% share of Base’s coin issuance as of July 28.
Ethereum News: Market Performance and Macroeconomic Factors
While Base celebrates its token supply milestone, cryptocurrency prices show mixed signals:
- Solana (SOL) traded at $184.28 on July 11, showing a 4.46% 24-hour drop
- Ethereum (ETH) stabilized at $3,746.75 by July 28
These movements occur against a backdrop of macroeconomic uncertainty, including U.S. tariff policy changes and Federal Reserve actions that could impact the crypto market.
Zora Dominance: A New Chapter in DeFi Trends
Zora’s overwhelming contribution to Base’s token supply highlights several important DeFi trends:
- Growing preference for Ethereum Layer 2 solutions
- Shift in developer and user activity from Solana to Ethereum ecosystem
- Emergence of new token distribution models
Regulatory Changes and Their Impact on Crypto Markets
The crypto landscape is evolving with new legislation:
| Act | Impact |
|---|---|
| GENIUS Act | Redefines stablecoin oversight |
| CLARITY Act | Transfers regulatory authority for commodity tokens to CFTC |
| Anti-CBDC Surveillance Act | Addresses privacy concerns in digital currencies |
These changes aim to provide clearer guidelines while maintaining market stability.
What Does This Mean for Crypto Investors?
The current market presents both opportunities and challenges:
- Corporate adoption continues with MicroStrategy’s “coin-stock strategy”
- Geopolitical tensions add volatility to the market
- Dollar weakness may benefit Bitcoin and other cryptocurrencies
As we witness Base’s remarkable performance against Solana, powered by Zora’s dominance, the crypto market continues to evolve at a rapid pace. Investors should stay informed about regulatory changes, macroeconomic factors, and technological developments that could shape the future of decentralized finance.
Frequently Asked Questions
How long has Base’s token supply been higher than Solana’s?
Base’s token supply has surpassed Solana’s for three consecutive days as of July 28, 2025.
What percentage of Base’s coin issuance comes from Zora?
Zora accounts for 62.69% of Base’s coin issuance, with 51,575 tokens issued.
How has Ethereum’s price been performing recently?
Ethereum stabilized at $3,746.75 by July 28, showing relative stability compared to Solana’s recent dip.
What regulatory changes are affecting the crypto market?
The GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance Act are reshaping regulatory oversight of cryptocurrencies.
What is the “coin-stock strategy” mentioned in the article?
This refers to companies holding cryptocurrencies as balance sheet reserves, inspired by MicroStrategy’s approach.
