Over 540,000 New Crypto Assets Launched In First Four Months Of 2024
Crypto data aggregator CoinGecko has reported that 2.52 million cryptocurrencies have been launched to date, including transient memecoins and dead projects.
The current number of crypto assets is 5.7 times more than the 440,000 at the end of 2021. The period between January and April 11th this year saw the rollout of 540,000 new tokens, equivalent to an average of 5,300 new tokens being launched every day in 2024.
This is on track to surpass 2023 in the number of new tokens on-chain. The memecoin season, which returned in late February, led to a record high of 195,735 new tokens launched in March 2024.
January and February 2024 also saw a large number of new tokens launched in each month, at 134,647 and 195,735 respectively. CoinGecko predicts that future memecoin seasons may see a greater spike in new crypto assets due to new tools making token creation easier and the decreasing cost of on-chain trading.
(With inputs from Shikha Singh)
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