If you continue to play like this, the crypto market will be ruined. You can create 600,000 tokens in a month, which is too much crypto garbage.
CoinGecko Lianchuang: 600,000 new tokens were created in January, setting a record
Bobby Ong, co-founder of CoinGecko, recently posted on X that from 2022 to 2023, there will be about 50,000 new tokens created in the crypto market every month, 400,000 new tokens created every month in the fourth quarter of 2024, and in 2025 January set a record of 600,000 new tokens per month. It has grown 12 times in just over a year. Drivers include the emergence of token incubation platforms like pump.fun, reduced resistance to issuing coins, increased adoption of tokenization, and the Meme coin boom.
Meanwhile, blockchain networks and DEX are also thriving:
- 5-10 new blockchains (mainly EVMs) are launched every month;
- In May 2024, 17 new blockchains were added within one month;
- DEX continues to grow, tracking 89 new blockchains in March 2024;
-No signs of slowing down.
At this rate, 1 billion tokens will be created in the next 5 years.
In response to concerns about market impact, Ong acknowledged the potential drawback: “There are too many tokens, and each token distracts traders from limited attention and liquidity. That’s why we don’t see what we did in the previous few cycles. The sharp rise. ”$SOL
{future}(SOLUSDT)

