Nearly 500,000 tokens were created on the Solana blockchain in May

Due to the low entry threshold and the increasing demand for creating popular memecoins, nearly 500,000 tokens were launched on the Solana blockchain in May. According to data from The Block Pro, 455,000 tokens were created on Solana in May, compared to 177,000 tokens on Ethereum Layer 2 Base and 39,000 tokens on BNB Chain. The number of tokens created on Ethereum mainnet and Layer 2 networks Arbitrum and Optimism was less than 20,000.