2026-01-15 03:25:43

Recently, while browsing on-chain data, I was struck by a number—by January 12, 2026, the total number of global crypto tokens has skyrocketed to 29.91 million. Just 90,000 more and it would reach 30 million. In the past 30 days alone, 1.57 million new tokens have been added, and within the last 7 days, nearly 360,000 new tokens have emerged. How exaggerated does this growth have to be to describe it?

Honestly, having been immersed in this space for eight years, I’ve seen many market changes, but the speed of this wave of token proliferation truly rewrites my understanding. The issue isn’t how fast innovation occurs, but to what extent the barriers have been lowered.

In the early days, launching a fundraising project required going through a full process—company registration, audit reports, legal teams, backing from VCs or investment banks—ordinary people simply couldn’t get into this circle. But tokenization has directly rewritten the rules. Now, on certain public blockchains, issuing tokens can be completed in half an hour with just a few steps, without even needing audits, team information can be hidden, and whitepapers can even be copied and renamed directly. Even more outrageous, tokens can be divided into extremely small units; projects that previously required millions to participate in now can be bought for just a few tens of dollars.

Because of this, the market is flooded with大量"electronic waste paper". My observation is that among these 29.91 million tokens, at least 99% are designed to trap naive investors. The remaining 1% barely make it onto the "having actual value" threshold.

Don’t be fooled by the superficial excitement. This phenomenon of疯狂发币 fundamentally reflects flaws in the underlying rule design and collective speculation. Truly meaningful projects will never rely on the inflation of token numbers to prove their value.

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ProxyCollector

· 10h ago

99% electronic waste paper, this number is heartbreaking. Are we all survivors or just waiting to be harvested? Issuing tokens in half an hour, it's really faster than registering a company, with an absurdly low threshold. This wave of crypto inflation would have exploded in traditional finance long ago. Where is the promised decentralization? Copy and paste the white paper, just changing the name. I want to laugh. Is this Web3 innovation? 29.91 million tokens, 99% are garbage. The remaining 1% still need to be mined by ourselves. Exhausting.

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EternalMiner

· 11h ago

99% of garbage coins, this ratio is truly shocking. It was about time someone spoke out about this. Releasing coins every half hour... turns out the rules are just for show? Listening to 29.91 million coins sounds outrageous, but thinking about it carefully, it really never ends this way. Is the low threshold truly democracy or just chaos? I really can't understand. Just copying the white paper and changing the name? How outrageous is that? In an era where you can buy coins for a penny, how come some people haven't been scammed yet? Saying 99% of electronic waste paper is too absolute, it feels even more painful. Releasing coins without audits, this set of rules is really... hard to describe in words. Creating a new coin in just a few hours, this speed is truly astonishing. It's all talk, isn't it? The toolchain for scamming investors is becoming more and more streamlined. Thinking back, it was the 2017 wave of coins, but I've never seen such outrageous quality. In an era where everyone can issue coins, do retail investors still dare to go all-in?

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RugResistant

· 11h ago

99% of those tokens? yeah that's generous tbh, i'd argue even lower once you actually audit the contract code

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NoodlesOrTokens

· 11h ago

99% are garbage coins, who doesn't know that? The key is how to pick out the good ones from that 1%. I'm stunned that the threshold for issuing coins is so low, it's really like playing. You can issue a coin in half an hour? Then I guess I can try my luck too? This number looks outrageous, millions of new coins in a week? It feels like the crypto world has completely lost control. Two years ago, people were still shouting about innovation, now it's just a tool factory for cutting leeks, it's gone sour. To put it simply, it's just poorly designed rules, a paradise for speculators. How can there still be people using such data to show off? It should be a warning sign. I believe 99% are garbage, but can that 1% really make money? Or is it just for entertainment?

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GateUser-bd883c58

· 11h ago

29.91 million coins? Oh my God, how many people have to be cut to digest all of that? 99% are scam coins, I believe it. No need for token audits in half an hour, the rules are too flawed. I should have just copied the white paper, this business is too easy. The threshold is ridiculously low, no wonder the crypto world is a mess. Truly valuable projects are drowned out by trash coins, so exhausting. This speed is indeed crazy, 360,000 new coins in a week, is it ever going to end? I just want to ask, where are these 1% good coins? From eight years ago to now, the circle has become more and more surreal. The industrialization of cutting leeks is indeed a fact.

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