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Approximately 5,300 New Cryptocurrencies Developed Daily
As of April 16, 2024, there are over 2.52 million cryptocurrencies, with an average of 5,300 new digital assets being generated each day.
Analysts from CoinGecko released a report on the cryptocurrency market. Their findings indicate that by early April, more than 540,000 new crypto tokens had been introduced in 2024, bringing the total to over 2.52 million. Notably, in 2023, the creation of new cryptocurrencies reached 830,000, while in 2022, this figure was 710,000. At the close of 2021, the total number of digital assets stood at 440,000.
A significant factor contributing to the rise of new cryptocurrencies currently is meme coins. Amid the surge in meme coin popularity, March 2024 saw the introduction of over 195,700 new tokens in the crypto market, marking a record high. It is important to mention that CoinGecko analysts do not provide the percentage of meme coins within the overall count of new tokens.
The primary CoinGecko index compiles data on approximately 13,900 cryptocurrencies. However, the comprehensive analysis of the crypto market was derived from data collected by DEX tracker GeckoTerminal, which monitors information from more than 1,000 decentralized trading platforms, enabling a complete overview of the digital asset landscape.
The adoption rate of BTC as a payment method rose by 174% in 2023. Additionally, 43% of all money transfers in Latin America during the previous year were conducted using cryptocurrencies.
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