Crypto的野生西部：代币创建激增引起了人们对市场饱和度和Altcoin Investment的未来的担忧

加密货币的景观正在经历代币创建的前所未有的激增，2024年1月，一个月内推出了600,000多个新令牌的新高点。

The cryptocurrency landscape is experiencing an unprecedented surge in token creation, with January 2024 marking a new high of over 600,000 new tokens launched in a single month.

加密货币的景观正在经历代币创建的前所未有的激增，2024年1月，一个月内推出了600,000多个新令牌的新高点。

This record-breaking figure, highlighted by CoinGecko co-founder and COO Bobby Ong, is raising concerns about market saturation and the future of altcoin investment.

Coingecko联合创始人和COO Bobby Ong强调了这一创纪录的人物，这引起了人们对市场饱和度和Altcoin投资未来的担忧。

“At this rate, we’re heading towards 1 BILLION tokens in the next 5 years,” Ong warned in a social media post.

“以这种速度，我们将在未来5年中前往10亿个令牌，” Ong在社交媒体帖子中警告。

He noted that compared to the average of surprising volume of new tokens is fundamentally changing the dynamics of the crypto market.

他指出，与新令牌的平均值相比，新的代币的平均水平从根本上改变了加密市场的动态。

The surge in token creation can be attributed to factors such as the emergence of new token incubators like Pump.fun, which simplifies the token launch process.

令牌创建的激增可以归因于诸如pump.fun等新的令牌孵化器的出现，从而简化了令牌启动过程。

According to Ong, the “friction of launching a token has never been lower,” fueling a trend where “if it can be tokenized, it will be tokenized.”

根据ONG的说法，“启动令牌的摩擦从未如此降低”，这推动了一种趋势，即“如果可以被标记化，它将被象征化”。

The rise of meme coins further accelerates this phenomenon, as they represent “tokenized attention” and offer instant opportunities for tokenization.

模因硬币的兴起进一步加速了这一现象，因为它们代表了“象征性的关注”并为令牌化提供了即时的机会。

This explosion of new tokens, particularly meme coins, is diverting liquidity away from established altcoins, effectively stifling the traditional alt season.

新令牌的这种爆炸，尤其是模因硬币，正在将流动性从已建立的山寨币转移，从而有效地扼杀了传统的ALT季节。

In previous cycles, investors would rotate profits from Bitcoin (BTC) into larger, established altcoins, creating a wave of upward momentum across the altcoin market.

在以前的周期中，投资者将将比特币（BTC）的利润旋转到更大的，已建立的山寨币，从而在整个Altcoin市场上创造了向上势头的浪潮。

However, with hundreds of thousands of new tokens vying for attention and investment, liquidity is now fragmented and dispersed, making it harder for established projects to gain traction.

但是，随着成千上万的新代币争夺关注和投资，流动性现在被分散和分散，使成熟的项目更难获得吸引力。

Also Read: Solana Meme Coin Ecosystem Under Fire: Galaxy Research Cites LIBRA Rug Pull As Major Blow

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The proliferation of new tokens isn’t the only factor.

新令牌的扩散不是唯一的因素。

The growth of new blockchains and decentralized exchanges (DEXs) is also contributing to market fragmentation.

新区块链和分散交流（DEX）的增长也有助于市场破裂。

Ong notes that “5-10 new chains launch every month,” along with a multiplication of DEXs, further diluting liquidity and investment across an ever-expanding array of platforms and assets.

ONG指出，“每月5-10个新连锁店都会推出”，以及DEX的繁殖，进一步稀释了不断扩展的平台和资产的流动性和投资。

Speaking with Benzinga, Azeem Khan, co-founder of Morph, echoes these concerns, highlighting the risk of prioritizing quantity over quality.

Morph的联合创始人Azeem Khan与Benzinga交谈，回应了这些担忧，强调了优先级数量而不是质量的风险。

“The exponential growth in token creation presents a major issue that few are addressing: the loudest voices in the room are the ones getting heard.

“令牌创建的指数增长提出了一个很少有人解决的主要问题：房间里最响亮的声音是听到的。

Historically, though, the loudest voices tend to be the least informed.

但是，从历史上看，最响亮的声音往往是最不知情的。

This misalignment of incentives has created an environment where scammers thrive,” Khan warned.

这种激励措施的错位创造了一个骗子蓬勃发展的环境。”可汗警告说。

He emphasized the need for stricter vetting processes to maintain trust and protect the industry from bad actors, citing incidents such as the $LIBRA coin as examples of the potential for fraud.

他强调需要更严格的审查过程来维持信任并保护行业免受不良行为者的侵害，并以$ libra硬币等事件为欺诈潜力的例子。

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