Every cycle issuing crypto assets gets cheaper & easier: - BTC mining started with just PCs. Now, it’s requires costly mining machines - Bitcoin forks required PoW machine as well as know-how to maintain it. Ethereum is one example. Litecoin, Bitcoin gold etc. - ERC20 made it cheap to launch tokens. But still required some smart contract knowledge. On top, listings of alts on CEXs required legal opinion letters and smart contract audits for tokens as every token was slightly different. - Now, Pump fun style platforms make it super cheap and easy to launch standardized tokens for anyone. Listing on CEXs aren’t needed as price discovery happens onchain The result? Exponential growth of tokens. Yet, so few really attractive tokens on the market to actually buy.