The number of new tokens released to the cryptocurrency market dropped to its lowest level since the beginning of 2021.
While the cryptocurrency industry maintained its upward momentum, the number of new altcoins produced could not keep up. In the current report presented by smart contract auditor CertiK, the number of new cryptocurrencies created 2021It was stated that it fell to the lowest level since the beginning.
According to data 2023 in the second quarter of the year 366 And 2022 in the third quarter of 449 The number of new tokens increased in the third quarter decreased to 293. Only rug-pull produced for the purpose breast coins not included in these statistics.
On the other hand, the cryptocurrency market is experiencing a hot bull season 2021‘of fourth in the quarter whereas 1,261 new tokens was created. According to CoinGecko data, currently 10,824 cryptocurrencies traded on stock exchanges.
Experienced names commented on the decline in the number of new tokens despite the rise in the market and gave different perspectives.
Founder of CertiK Ronghui Gu In his statement on the subject, he stated that these data may still mean that the crypto winter is not completely over:
This could still be a sign of a crypto winter, where everyone takes a break from development and launches, waiting for spring to arrive.
Name research firm that provides another perspective on the subject on FundStrat crypto analyst Sean Farrell happened. Sean Farrell says liquidity in the cryptocurrency market is still lower and when risk appetite is low He stated that new coins will not be released:
This is likely due in part to a general decline in liquidity in the sector. No one wants to list a new token when risk appetite is low.