The crypto sector has experienced sustained growth for several years. The growing interest in blockchain technology has paved the way for diverse innovations in the crypto industry and increased adoption of these assets by the general public. This trend reached a new high this year with a dramatic increase in the number of tokens created, propelled in large part by the memecoin craze.
The explosion in the number of tokens in 2024
Days pass and the crypto market continues to grow. The number of tokens created since the start of 2024 proves this so well. Indeed, according to a recent CoinGecko report, more than 540,000 tokens have already seen the light of day this year. On average, 5,300 tokens are therefore created per day. This already represents a significant increase from the 830,000 tokens introduced over the previous year.
This boom is largely driven by the craze for memecoins, cryptos often created as jokes, but which can suddenly gain popularity and value. The month of March 2024 marked by a resurgence of interest in memecoins saw strong activity, with a record 195,735 new tokens created.
Certain platforms, such as Pump.fun, play a big role in this expansion. They allow users to easily launch their cryptos. This explains the massive proliferation observed.
Evolution and prospects of cryptos
The total number of cryptos has grown exponentially, from 440,000 at the end of 2021 to more than 2.5 million in 2024. This increase represents a nearly 5.7-fold increase in the space of three years. These figures include a variety of tokens, ranging from memecoins with high speculative value to more serious projects aimed at revolutionizing various sectors.
Beyond the numbers, this growth is also indicative of a paradigm shift in the way digital values are perceived and used in society. Tokenization, the process by which real assets or rights are converted into tradable digital tokens, has gained considerable importance. It offers innovative possibilities for project financing, asset management, and more, opening new avenues for investment and commercialization.
2024 therefore promises to be a pivotal year for cryptos, marked by a boom in new tokens and increased adoption of blockchain technology. This dynamic, supported by innovation and accessible platforms, brings significant transformations for the digital economy and promises to offer new perspectives for investors.
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