The issuance of Zora content coins on Base has surged to over 100000 in a single day

The number of tokens issued on the Layer 2 public chain Base has recently increased significantly, with a maximum of over 100000 per day, almost entirely driven by Zora's content coin mechanism. Although Zora allows creators to mint tokens at almost zero cost, the network active addresses and transaction volume are at an 18 month low, indicating that these tokens lack actual economic value.