According to The Block data, 89% of the new tokens issued last week were based on the Solana network. DEX launched a total of 181,000 new tokens, of which the issuance of memecoin on platforms such as pump.fun was the main factor driving this activity. Despite the large issuance, only about 1% of the tokens were successfully listed on Raydium. Solana is able to process a large number of transactions without significantly increasing fees, thus supporting ongoing activity.