tldr; In 2024, an average of 5,300 new tokens are being launched daily, according to a CoinGecko report. This rapid pace of token creation has already surpassed half of the previous year’s total, with over 540,000 tokens created by early April. The total number of cryptocurrencies now exceeds 2.5 million, marking a significant increase from 440,000 at the end of 2021. The report also notes that meme coin trends have significantly influenced the spikes in token creation, with a record high of 195,735 new tokens launched in March 2024 following a resurgence in meme coin popularity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; In 2024, an average of 5,300 new tokens are being launched daily, according to a CoinGecko report. This rapid pace of token creation has already surpassed half of the previous year’s total, with over 540,000 tokens created by early April. The total number of cryptocurrencies now exceeds 2.5 million, marking a significant increase from 440,000 at the end of 2021. The report also notes that meme coin trends have significantly influenced the spikes in token creation, with a record high of 195,735 new tokens launched in March 2024 following a resurgence in meme coin popularity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
99% on solana I bet