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New Cryptocurrencies Getting Created at Slowest Pace in 3 Years, CertiK Data Shows

Excluding memecoins, some 293 new tokens were added to the CoinMarketCap website, less than a fourth what was added during the bull market of late 2021, according to new data compiled by the smart-contract auditor CertiK.

The number of new tokens (excluding memecoins) added each quarter to CoinMarketCap fell in the most-recent period to its lowest since at least the first quarter of 2021. (Certik/CoinMarketCap)
The number of new tokens (excluding memecoins) added each quarter to CoinMarketCap fell in the most-recent period to its lowest since at least the first quarter of 2021. (Certik/CoinMarketCap)