Author: Zhupiter, GoPlus research

2025-03-16

This report analyzes the token issuance trends of SOLANA, BASE, and BNB from December 2024 to March 2025, revealing the development dynamics and security risks of each platform in the token market.

As shown in the above figure, overall, SOLANA consistently maintained the highest token issuance throughout the observation period, with the number of new tokens significantly exceeding the other two blockchains.

The following chart shows the new token issuance trends for the three chains:

SOLANA

  • In mid-January 2025, the token issuance of SOLANA peaked at nearly 800,000, followed by a continuous downward trend.

  • From mid-January to March 2025, the issuance of new tokens on SOLANA decreased by approximately 65%, dropping from nearly 800,000 to about 280,000.

  • This trend indicates that although SOLANA leads in token issuance, its market popularity may be gradually cooling.

BASE

  • The BASE platform maintained a relatively stable level of token issuance for most of the observation period, but a significant peak occurred in early January 2025, reaching about 135,000, followed by a decline, and then a notable increase starting in mid-February.

  • From mid-February to early March 2025, the token issuance on BASE increased again, ultimately reaching about 175,000.

  • This growth trend indicates that BASE is gaining more attention from developers and projects and may become an emerging token issuance platform.

BNB Chain

  • BNB Chain has the lowest token issuance among the three major platforms, maintaining most of the time between 10,000 to 15,000 tokens.

  • In mid-February 2025, BNB Chain saw a significant peak, reaching about 52,000 tokens, followed by a decline but still maintaining a relatively high level.

  • Recent data indicates that the token issuance of BNB Chain is about 33,000 tokens, showing an increase compared to the level in December 2024.

Analysis of Honeypot Tokens

BNB Chain

  • The number of honeypots on BNB Chain peaked in mid-January 2025, approaching 1,750, and then sharply declined.

  • By March 2025, the number of honeypots on BNB Chain had dropped to about 60, a reduction of approximately 97% from the peak.

  • This may indicate that the main launch platform of BNB Chain, Four.meme, has utilized the secure and unified token issuance template provided by GoPlus, leading users to prefer launching tokens on this platform and deterring some fraudulent groups.

BASE

  • The number of honeypots on the BASE platform reached its first peak (about 870) in early January 2025, and then gradually decreased.

  • However, in March 2025, a sharp increase in the number of honeypots was observed, reaching about 1,000, which coincided with the increase in token issuance at the same time.

  • This significant growth indicates that as the popularity of the BASE platform rises, it has also attracted more fraudulent activities.

Correlation and Trends

  • The token issuance of BASE and the number of honeypots increased simultaneously in March 2025, suggesting that the platform is undergoing a rapid expansion period while facing security challenges.

  • The proportion of honeypots on BNB relative to the total new tokens was high in mid-January 2025, indicating that the network may have faced serious security issues at that time.

About GoPlus

As the first on-chain security protection network, GoPlus aims to provide every user with the easiest-to-use and comprehensive on-chain security assurance to ensure the safety of each transaction and asset.

The security service architecture is mainly divided into the GoPlus APP (web and browser extension products) directly targeting end users and GoPlus Intelligence, which indirectly serves end users (through B-side integration or access), covering the widest range of Web3 user groups and various transaction scenarios, dedicated to building an open, user-driven on-chain security protection network:

On one hand, any project can provide on-chain security protection for users by integrating GoPlus; on the other hand, GoPlus also allows developers to fully leverage their advantages to deploy innovative security products to the GoPlus security market, enabling users to independently choose and configure convenient and personalized security services, thereby building an open and decentralized security ecosystem for collaboration between developers and users.

Currently, GoPlus has become the preferred security partner for Web3 Builders, with its on-chain security services widely adopted and integrated by Trust Wallet, CoinMarketCap, OKX, Bybit, DexScreener, SushiSwap, among others, with an average daily call exceeding 34 million times, accumulating over 4 billion calls, covering over 90% of user on-chain transactions, and its open security application platform has served over 12 million on-chain users.