The total number of unique cryptocurrency tokens and coins listed on CoinMarketCap is approaching 11 million, with over 10.99 million digital assets. This surge in newly issued tokens, particularly on the Solana network, has raised concerns among traders and analysts about a saturated market. Analysts like Ali Martinez suggest that the influx of tokens, many of which are memecoins, has diluted investor interest and removed the speculative premium previously associated with tech altcoins. Martinez notes a significant increase in altcoins, estimating over 36 million compared to fewer than 3,000 during the 2018 cycle and less than 500 in 2013-2014. Notably, Coinbase CEO Brian Armstrong acknowledges the need to rethink the token listing process due to the overwhelming number of new tokens being created weekly. Industry experts forecast that over-tokenization may lead to project mergers and token consolidation, which may positively indicate sector maturation.

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