Data from CoinMarketCap shows that the total number of crypto coins launched has just reached a new all-time high of nearly 38 million.
Just four years ago, the number of listed coins in the entire market was only around 20,000.
Today, that figure has exploded to 37,980,000+ tokens.
This massive surge highlights one major reality in the crypto market: liquidity is now spread across millions of tokens.
With so many new projects constantly launching, capital is becoming increasingly fragmented, making it much harder for the majority of altcoins to experience the kind of explosive rallies seen in previous cycles.
This is also one of the key reasons many traders believe the long-anticipated Altcoin Season has yet to fully arrive.
Even though Bitcoin continues to attract strong capital inflows, the sheer number of competing tokens means attention and liquidity are thinner than ever across the altcoin market.
In short:
More coins than ever.
But less liquidity per coin. 🚀