Solana experienced a significant increase in token creation last week, with over 206,669 new tokens launched, primarily driven by the memecoin launchpad pump.fun. The peak activity occurred on November 10, when 31,193 tokens were created in a single day. Despite this surge, engagement levels remain low, with only a small fraction of these tokens gaining traction. In addition to token creation, Solana also saw 129,434 new NFT mints. However, the overall revenue and performance of these tokens have declined, indicating a potential challenge in sustaining interest and value in the newly created assets.