This month, more new fungible tokens have been minted on Solana than at any point in the network’s history—by a staggering degree.

In the last two weeks alone, 72,202 new tokens have popped up on Solana using the SPL token standard, according to data from Solscan. That’s over 71 times the amount of coins created on the network during a comparable period in October. 

Daily stats for new token creation on Solana are now consistently about four times higher than they’ve ever been since Solana launched in 2020. 

While the Solana ecosystem has enjoyed a resounding comeback in the last two months—one that’s boosted SOL, Solana NFTs, Solana meme coins, and even demand for the Solana smartphone—such a dramatic spike in token crea

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Author: Sander Lutz

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