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Even with market swings ramping up throughout 2025, the crypto ecosystem saw no slowdown—quite the opposite. The sheer number of active projects has exploded: from roughly 428,000 in 2021 to over 20 million just four years later. What's driving this? Token launch platforms have dramatically lowered the friction. Anyone can spin up a project now, which sounds great until you realize the majority are low-effort quick cash grabs and memecoin experiments. The barrier to entry used to filter out the noise; now it barely exists. More projects doesn't necessarily mean more innovation—sometimes it just means more clutter.
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20 million projects, 99% are trash... Really?
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The threshold is gone, and the noise is overwhelming.
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That's why I only look at projects with real applications now.
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Memecoin is everywhere, no wonder aunties are also trading cryptocurrencies.
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The numbers look good but are pretty useless; it's still about technology and applications.
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Basically, everyone just wants to harvest the leeks; no one is genuinely building.
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The quality has collapsed. If this continues, who will dare to enter the market?
2. Low barrier = low quality, this formula has been exposed long ago. Does anyone still believe this is innovation?
3. From 400,000 to 20 million... I just have to say, wow, are we doing scientific experiments here?
4. Basically, it's the crypto version of a one-dollar store. Anyone can play, so what's the point of innovation?
5. Truly usable projects are few and far between, and the rest are just various variants of the harvest-the-fleece competition.