Over the past month, the number of new tokens launched on the Base platform has risen significantly, with daily issuance once exceeding 100,000. Nearly all of this growth came from Zora's content coin mechanism, which is characterized by near-zero cost and low-friction minting. This has driven up the number of tokens created, but at the same time, the network's active addresses have dropped to an 18-month low, and transaction volume has continued to decline, indicating that token issuance has not translated into substantial economic activity. Data suggests that Zora content coin is more like a vanity metric amplifying the 'number of creations,' lacking stable user engagement and fundamental value support. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55780