89% of new tokens issued last week were based on the Solana network

According to data, 89 per cent of new tokens issued last week were based on the Solana network. 181,000 new tokens were launched on DEX, with memecoin's issuance on platforms such as pump.fun being the main driver of this activity. Despite the high volume of issuance, only about 1% of the tokens were successfully listed on Raydium. solana is able to handle a large number of transactions without a significant increase in fees, thus supporting continued activity.