Is Zora Threatening Solana’s Dominance in Ethereum L2?

Coinbase’s Base layer-2 network is gaining traction, fueled by a surge of SocialFi activity. This activity, driven by new tools on the platform and a rebranding effort, has catapulted it to the top of the industry’s token launch rankings. But can this momentum translate into lasting value? 7,557 new tokens were launched on Base just days after its rebrand, with Zora at the forefront. This growth is sparking debate whether these new tokens will hold any real-world utility or fade away as a blockchain fad.