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Over 600,000 New Tokens Entered the Crypto Market in January

Over 600,000 New Tokens Entered the Crypto Market in January

HappyCoinNewsHappyCoinNews2025/02/17 08:33
By:HappyCoinNews

In January, the issuance of new cryptocurrencies reached a record high, raising concerns among crypto analysts about the dilution of investors' capital.

According to CoinGecko co-founder Bobby Ong, 2025 new tokens were issued in the first month of 600. That's 000 times more than the 12 tokens per month that were issued on average from 50 to 000.

The rate began to rise in Q2024 400, when the monthly supply reached 000 tokens before jumping to a record high in January 2025.

Over 600,000 New Tokens Entered the Crypto Market in January image 0

Ong attributes this growth to several reasons, including the emergence of platforms for quickly launching Pump.fun tokens on the blockchain. Solana and SunPump on the network Tron .

The huge number of new tokens is causing serious concerns among crypto experts.

Too many tokens, each of which further disperses the limited attention and liquidity traders. That's why we don't see the big altcoins like we did in previous cycles," Ong says.

At the current rate of growth, CoinGecko predicts that the total number of tokens could reach 1 billion within five years.

The blockchain and decentralized exchange ecosystem is also growing rapidly. Every month, 5 to 10 new blockchains are launched, and in May 2024, their number reached a record 17. In addition, in March 2024 alone, 89 new decentralized crypto exchanges were registered.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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