Encryption tokens exploded after 20K to 18.9m in 2022, following the lunch pads of BASK, BASE, and BSC
Since 2022, the number of encryption tokens has been traced by 2022, with more than 20,000 digital assets in 2022 since 2022.
In January of that year, about 20,000 assets were listed on major trackers. By mid -2012, the universe expanded to about 18.9 million, increasing 945 times in just three and a half years.
The three high -passing networks are not rapidly distributed because they are responsible for about 90%of Solana, Base and BNB, such as about 90%of the new supply.
Three kings
Solana is the epicenter. For the past year, the chain has received 18 million new tokens with Memecoin plant, and the code publisher has lowered the barrier to Penny’s creation.
PUMP.FUN has produced about 11.4 million SPL tokens by the end of July 2025, according to Oladeee’s Dune Dashboard, tracking the app on-chain mints. This increased by 31%in 4 months in 4 months in March 2025.
This number exceeds the number of new tokens combined with basic, BSC, TRON, polygon, optimism, intervention and Etherrium.
As a result, most of the fun, viruses or guessing, as a torrents of microcap assets, never progresses beyond many wallets and shallow fluid pools.
The base appeared as the fastest followers. In almost a year, developers and producers have deployed more than 8.4 million tokens on the network.
The Creator Coin Tooling, tied to Zora, ignited the fast mint cycle in the L2 of Coinbase. User SEALAUNCH’s sand dashboard More than 1.5 million producers have been reported. As the model spread in 2025, most of this activity was integrated into the default app and centered on the basics.
At the end of July, the base was a “content coin” that turns social posts into a micro talk every day with a daily token token.
Binance Smart Chain (BSC), which pioneered the cheap Toro boom in 2021, continues to contribute to launching a new token.
The token tracker of BSCSCAN lists almost 4.7 million BEP-20 token contracts on the BNB chain, an ecosystem of BSC. This emphasizes the role of a mass mint place for moldy assets.
The proportion of new issuance disappears compared to Solana and Base, but BSC remains a place for fast and inexpensive launches.
Liquidity shrinkage per token
The catch of this Cambrian explosion is liquidity. Capital did not simply belong to the supply. The average stable liquidity per token collapsed from about $ 1.8 million in 2021 to about $ 5,500 in early 2025.
Practically, most of most of the 18.9 million tokens are non -oil and thin transactions and are very vulnerable to manipulation. The price is hundreds of dollars in a rocket or crater, and the rugs remain dangerous even if low -effective issuance flourishes.
The imbalance is to reconstruct the market structure. Despite the spread of assets, the value of the dominant climbing of Bitcoin and Ether Leeum is integrated into a network that has been proven, while long tails are worried.
In the case of the team, the pure beings of the token no longer give value. Protocols must prove durable demand by showing users, fees, cash flow or powerful utility to attract liquidity in the saturation field.
The network is faced with your conflict. High throughput and low fees enhance licensed creativity, but invite spam and departure.
