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The number of traded tokens is gone parabolica from 2022, with coinmarketcap now following 18.9 million digital assets, compared to a little more than 2022.
January of that year, about 20,000 assets were listed in big trackers. By mid-2025, that the university said to an estimated 18.9 million 945x of 945x in only three and a half years.
The Chirurge is not evenly distributed, as three highlighted networks are responsible for about 90% of the new supply: Only oneBase and Beccgled by low terican charges, Testy Lunpads, and a quick culture oppaimation.
The three kings
Solan is the epicent. Dant at last year alone, the chain warms on the order of new tokens mentioned as memecin’s taps.
Pump.Fun Has produced about 11.4 million at55 July 2025 in July Duns down for the ovade user, which tracks the chain lies in the app. It’s up to about 8.7 million in March 2025, adding almost 2,7 million in four months, up to 31%.
The account exceeds new counties new token on the base, BSC, Tron, Polygly’s, Optimistic, Refereeand it Ether during the same period.
The result is a torrent of micro-cap, most launched, virtual, and much speculation, and a lot will never be dancingly dance and a little liquidity.
The base has been emerged as the fastest follower. Little yearly, developers and creators have implemented more than 8.4 million fungable tokens in the network.
COIN COIN COIN INSTRUMENT Zora Ignit a quick mint loop on the coinbase L2. A Dune Dae Dickboard by User Seailau reported more than 1.5 million creator coins mentioned in 2025, like the spider pattern, with a lot of this activity centered in his integration to the base app.
By the end of July, Briefly saneous base replaced For the tale of token daily as “content coins” has made social places in micro-tokens at the scale.
Catance Smart Catet (BSC), which PoneEEEF the boom boat in 2021, continue to contribute significantly to the new token launches.
BSCScan’s tracker’s lists is almost almost 4.7 million token contracts bep-20 Bnb String, the ecosystem that BSC is part of. This rise their role as a mass place for fungible assets.
While its part of the new issuance has loose relative and base, BSC remains stays a speedy game for quick launch.
Liquidity for token shrinks
The capture to this cambroide explode is liquidity. Capital simply did not maintain the beat with supply. The stable average liquidity for token collapsed from approximately $ 1,8 million in 2021 at approximately $ 5,500 In the early 2025.
In practical terms, most atkens of 18.9 million are being, undergo, or highly trades, and highly susceptible to handling. The prices can the rocket or crater on a few hundred of flow flow, and tires rug-remain a risk whereas effortless effort.
That the claim is breathing the market structure. Despite the proliferation of assets, the value continues to concentrate in a few hundred nouns, with Bitcoin’s and the escalation of the dominance of etherum as capital consolidate in the required network while longing long.
For teams, pure existence of a token does not configure value again. Protokols will try the durable request by showing users, rates, cash flows, or the duties to attract liquidity in a saturated field.
Network makes his own business. High Perputies and low fees empower the creativity permission, but also invites the spam and churn.
