Decrease in New Token Applications Signals Maturity in Crypto Market
On February 16, according to CoinMarketCap data, the number of new Token applications has dropped from 10264 in the first quarter of 2022 to 6350 in the fourth…
On February 16, according to CoinMarketCap data, the number of new Token applications has dropped from 10264 in the first quarter of 2022 to 6350 in the fourth quarter. So far this year, there are only about 3000 new Token applications.
Data: The number of new Token applications for CoinMarketCap has declined for four consecutive quarters
Interpretation of the news:
The drop in the number of new Token applications in the crypto market signals a level of maturity in the industry. According to CoinMarketCap data, the fourth quarter of 2022 has seen a decrease in new Token applications from 10264 in the first quarter to 6350 in the fourth quarter. This is a trend that has continued into 2023, with only 3000 new Token applications made so far this year.
The decrease in new Token applications can be attributed to a number of factors. First, regulatory scrutiny in the crypto market has increased in recent times, making it harder for new players to enter the market. This has led to a consolidation of the market, with established players becoming more dominant. Second, investors are becoming more cautious in their approach to crypto. It is no longer enough to simply launch a Token and expect it to succeed. Investors are looking for solid, well-thought-out projects that have real-world applications.
The fact that the crypto market is maturing is a positive sign for the industry as a whole. It means that the market is becoming more stable and less volatile. It also means that investors can be more confident in their investments, knowing that they are backing projects that have been thoroughly vetted and have a greater chance of success.
It is important to note, however, that the decrease in new Token applications does not mean that the crypto market is stagnant. On the contrary, there are many exciting projects and initiatives underway, such as the growth of decentralized finance (DeFi) and the increasing adoption of blockchain technology in various industries. These developments will continue to drive growth and innovation in the crypto market.
In conclusion, the decrease in new Token applications in the crypto market signals a level of maturity in the industry. It is a positive sign that the market is becoming more stable and less volatile, and that investors can be more confident in their investments. While the crypto market is not without its challenges, ongoing developments such as DeFi and blockchain adoption are driving growth and innovation in the industry.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1037/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What is the meaning of Ethereum’s new offering (Ethereum’s new high)
What does Ethereum mean by new issuance? What does Ethereum mean by new issuance? Ethereum’s blockchain network will change the protocol rules through contract upgrading. If you want to use a new token for new transfers or other operations, you can set it to include a decimal place, which represents the state transition result of the current consensus algorithm; When you need to send a transaction to the contract, it will automatically execute the transaction after merging based on your signature, thereby increasing the ratio of the balance in the block header to the total supply. In this way, it will make the contract code complex and laborious. (Chain News) Ethereum reached a new highEthereum broke through the highest point in history and hit a new high of nearly 7 months on Tuesday As of the time of publication, the price hovered around $18600, with a 24-hour trading volume of approximately $1.6 billion. ETH’s current total market value has exceeded…
-
Data Shows a Massive Transfer of DOGE from Binance to an Unknown Wallet
According to reports, data shows that 172192858 DOGE (valued at approximately $14314322) has been transferred from Binance to an unknown wallet.
172192858 DOGE transferred from Bin -
What is dgd coin called in Chinese (What is dgc coin)?
What is dgd coin called in Chinese? The blockchain project Dogecoin (DOGE) is ca
-
Layer1 Public Chain Berachain Secures $42 Million in Financing
On April 20th, it was reported that Layer1 Public Chain Berachain completed a $42 million financing, led by Polychain Capital, with OKX Ventures, Hack VC, Dao5, Tribe Capital, Shim
-
Singer Huang Licheng Sells APEs and Invests in Blur
On February 20, it was reported that Yu Yan, a Twitter user, said that Huang Licheng, a singer from Taiwan, China, China, began to reduce his position in APEs …
-
Venture Capital Community Shows Support for Silicon Valley Bank
It is reported that as of March 12, 325 venture capital institutions, including Sequoia Capital, have signed a joint statement of support for the Bank of Silicon Valley; In addition, 650 founders who employed more than 22000 employees also signed a statement saying that they required the regulatory authorities to prevent the disaster. This statement from the venture capital industry is led by the venture capital company General Catalyst. 325 venture capital institutions including Sequoia and 650 founders jointly stated that the Bank of Silicon Valley cannot fail Analysis based on this information:The venture capital industry has taken a stand to support their own, as 325 firms, including major player Sequoia Capital, signed a joint statement in support of the Bank of Silicon Valley. Furthermore, 650 founders from across the industry, employing over 22,000 employees, also signed a statement showing their support and urging regulatory authorities to intervene to prevent potential disaster for the Bank of Silicon Valley. It is…
-
Foreign media: As part of the layoff plan, Disney will cancel its metauniverse department
According to reports, a person familiar with the matter said that Disney has canceled its \”Next Generation Storytelling and Consumer Experience\” department, which is developing a m
-
Arbitrum’s First Governance Proposal Becomes Chaotic: $1 Billion Worth of ARB Tokens at Risk
According to reports, Arbitrum\’s first governance proposal became chaotic, with $1 billion worth of ARB tokens at risk. The first attempt to govern the Arbitrum blockchain began on
-
What is bitcoin (what is Rational number)
What is bitcoin and what is bitcoin? In the field of Cryptocurrency, the term “bitcoin” that we often hear is called bitcoin According to the recent article published on the official Bitcoin blog, the term “Bitcoin” is a digital asset first proposed by Satoshi Nakamoto in January 2017. This document was written and published by Jimmy Song, the developer of Bitcoin Core. This means that it can be used with many different applications. Therefore, people can trade or transfer their funds without relying on third-party intermediaries What is the working principle of Bitcoin? Actually, it’s not that complicated: everyone can create a new blockchain system to track their data. But they cannot replicate this information like other computers. For example, miners in a Bitcoin network process thousands of transactions per second, while most nodes only accept a single byte of data to validate the entire process – that is, when you send a certain token to another person, the same…
-
Ethereum Client Prysm Releases Version 4.0.3 with Multiple Fixes
On April 21st, according to official Twitter, the Ethereum client Prysm has released version 4.0.3, which includes multiple important fixes. It is recommended that all users upgrad
-
Uniswap Announces Launch of BNB Chain for Faster and Cheaper Transactions
It is reported that Uniswap has announced the launch of BNB Chain. Uniswap stated that, like Polygon and Arbitrum, BNB Chain typically provides faster and cheaper transactions than the main Ethereum network, making Uniswap more easily accepted by a wider audience. Uniswap Announces Online BNB Chain Analysis based on this information:Uniswap, one of the leading decentralized exchanges (DEXs) in the cryptocurrency space, has recently announced the launch of BNB Chain. This development is aimed at providing faster and cheaper transactions for Uniswap users. BNB Chain is now the third layer-two scaling solution introduced by Uniswap after Polygon and Arbitrum. According to Uniswap, BNB Chain offers an alternative to the main Ethereum network, where transaction fees and network congestion have caused several issues. This development is expected to make Uniswap more efficient and accessible to a wider audience. Uniswap users can now transfer their assets to BNB Chain seamlessly and enjoy the benefits of faster and cheaper transactions. With the Ethereum…
-
Understanding the Federal Reserve’s May and June Interest Rate Decisions
According to reports, according to CME\’s \”Federal Reserve Observation\”, the probability of the Federal Reserve maintaining interest rates unchanged in May is 32.6%, and the probabi
-
Accounting Standards for Cryptocurrencies: Proposed Modifications by FASB
According to reports, according to a modification proposal proposed by the Financial Accounting Standards Board (FASB) this week, US accounting standards may be comprehensively rev
-
US Stock Market Falls as Three Major Stock Indexes Take a Hit
It is reported that the US stock market closed, and the three major stock indexes closed down. The Dow Jones Index closed down 574.58 points, or 1.72%, at 3285…
-
Winklevoss Brothers Provide Gemini with $100M Loan Amid Market Downturns
According to reports, the Winklevoss brothers, co founders of Gemini, recently provided a $100 million loan to Gemini to support the exchange\’s business during market downturns. Ac
-
**The KZG Ceremony: What it is and Why it Matters**
On April 17th, according to Carl Beek, coordinator of the KZG ceremony and researcher at Ethereum, the KZG ceremony will once again be open to public contributions. Due to the larg