CoinGecko: More than 540,000 new cryptocurrencies have been created so far in 2024, with an average of 5,300 new cryptocurrencies added every day

According to the latest report released by CoinGecko, there are 2.52 million cryptocurrencies so far in 2024, which is 5.7 times the number of cryptocurrencies (440,000) as of the end of 2021. The number of cryptocurrencies exceeded one million for the first time in September 2022, reaching 1.15 million by the end of the year, a year-on-year increase of 159.2%. By the end of 2023, the number of cryptocurrencies increased by 72.3% year-on-year to 1.98 million. As of early April, more than 540,000 new crypto tokens have appeared in 2024, equivalent to an average of 5,300 new tokens launched every day so far this year. Given that this is more than half of the 830,000 new tokens launched last year, the number of new tokens in 2024 is expected to exceed that in 2023.