37,980,000 coins.
This is the total number of coins and tokens that have been created in the crypto market up to this point. A new record high.
Four years ago, this number was only about 20,000
The supply of assets in crypto has exploded exponentially, but the capital flow has not increased at a similar pace. As a result, liquidity is fragmented across millions of different projects.
In the past, altcoin capital was concentrated in a few hundred large projects. This helped create strong altcoin cycles.
And now, with nearly 38 million tokens competing for a similar amount of capital, the cash flow is heavily fragmented. Most projects simply do not have enough liquidity to grow.
So if you're still wondering why AltSeason hasn't happened like in previous cycles, the answer is quite clear.
Too many coins. Too little cash flow
