In 2021 there were roughly 2,600 tokens per $1B in stablecoin supply. Today that number sits around 125,000. That’s a 48x increase in tokens competing for the same liquidity. This is the real reason altcoin seasons do not feel the same anymore. The market has not gotten worse. The ratio of claimants to capital has gotten worse.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.