An interesting observation.
Too many coins are being created.
At the peak of the "bull run" in 2021, 20,000 tokens were created each month.
Last month, over 270,000 tokens were created.
People talk about a lack of liquidity in cryptocurrencies, but a more serious problem is that liquidity is spread too thinly.
Why do we need 270,000 new tokens every month? 99.99% of them will go to zero.
I think one of the biggest problems facing cryptocurrency today is the relentless issuance of new tokens.
The ability to sort through coins is becoming increasingly valuable.