How Many Cryptocurrencies Are There in July 2025?

As of July 2025, there are over 37 million unique cryptocurrencies created, and we’re on track to reach 100 million by the end of the year. For context, there were fewer than 3,000 tokens in 2017—2018 and fewer than 500 in 2013—2014. 

While the number of cryptocurrencies may exceed 36.4 million, not all of these are active or meaningful. Many projects fail shortly after launch due to a lack of interest or poor execution. Others may be experimental or created for specific purposes, such as testing new blockchain features.

 

Why the number of cryptocurrencies keep rising

According to data from CoinMarketCap and other crypto tracking platforms, 10,000+ cryptocurrencies existed as of July 2025. This staggering number reflects the rapid decentralization happening within the blockchain and cryptocurrency industry.

The current growth in the number of cryptocurrencies can be attributed to several factors:

• Ease of creating a cryptocurrency 
  Launching a new cryptocurrency has become relatively simple with the advent of blockchain platforms like Hyperliquid, Base, and Solana, which allow developers to create their own tokens using smart contracts. 
  Many cryptocurrencies are created as SPL tokens on the Solana network, while others are built on alternative blockchains like Binance Smart Chain, Base, or Polygon.
   

• Diverse use cases
  Cryptocurrencies are no longer just digital currencies. They serve a wide range of purposes, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, supply chain management, and more. Each new use case often spawns its own set of tokens and coins.
   

• Greater speculation 
  The crypto market has attracted significant attention from investors seeking high returns. This has led to the creation of countless new projects, some of which are legitimate innovations, while others are speculative ventures or outright scams.

Implications of the growing number of crypto tokens

The Solana blockchain accounts for approximately 70% of the total token population. This dominance can largely be attributed to the HyperLiquid "trenches" and platforms like pump.fun, which generates numerous low-quality tokens at a rapid pace.

In contrast, Ethereum and its ecosystem represent a significantly smaller share, while other chains, such as Tron and Binance Smart Chain (BSC), contribute only modestly.

This metric is crucial as it helps explain why the current market cycle is particularly challenging to navigate, with diminishing returns on investments.

The market has become significantly oversaturated. In 2017, there were fewer than 10,000 tokens, and by 2021, that number had grown to less than 100,000. Today, however, we have over 36 million tokens available, meaning that the supply far exceeds demand.

As a result, the broad-based alt-seasons of the past are becoming increasingly unlikely to occur again. Instead, it seems we will mostly see short bursts of altcoin price pumps rather than sustained price runs.

BTC and ETH dominance

Despite the sheer number of cryptocurrencies, the market is heavily dominated by a few major players. Bitcoin (BTC) and Ethereum (ETH) alone account for a significant portion of the total cryptocurrency market capitalization. Other prominent cryptocurrencies, such as Ripple(XRP), Binance Coin (BNB), Cardano (ADA), and Solana (SOL), also have a substantial market share.

This concentration of value highlights the fact that while millions of cryptocurrencies exist, only a small percentage have achieved widespread adoption and recognition. Many smaller projects struggle to gain traction, and their tokens may have limited liquidity or utility.