📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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1️⃣ Publish an
CoinGecko co-founder: crypto market saw 600,000 new Token minted in January
PANews reported on February 16th that, according to Crypto.news, Bobby Ong, co-founder of CoinGecko, stated that the crypto market saw a significant increase in new Token minting in January, with 600,000 new Tokens minted, a 12-fold increase from the 50,000 Tokens minted monthly from 2022 to 2023. The acceleration in Token creation began in the fourth quarter of 2024; the monthly minting quantity reached 400,000, then surged to a record level in January. The Block chain network and DEX are also rapidly expanding. Data shows that there are approximately 5 to 10 new on-chain lines per month, with the number of new chains peaking at 17 in May 2024. In addition, 89 new DEXs were tracked in March 2024 alone. Analysts warn that this surge could lead to liquidity dispersion. In response to concerns about its impact on the market, Ong acknowledged the potential downside: "There are too many tokens, and each token will disperse traders' limited attention and liquidity. That's why we haven't seen the sharp rise in the previous few cycles."