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 becom...