Crypto Is Minting More Than 40,000 New Tokens a Day, and Most Have Almost No Liquidity

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Crypto Is Minting More Than 40,000 New Tokens a Day, and Most Have Almost No Liquidity

DEXTools tracked more than 40,000 new tokens launching across 18 blockchains in a single day. A live sample shows 64 percent have negligible liquidity and the median new token holds about one dollar. Here is what the on-chain data says, which chains are riskiest, and how to avoid the traps.

The crypto market is producing new tokens faster than anyone can read their names. DEXTools new-pair data on June 20, 2026 shows roughly 40,500 fresh tokens hitting decentralized exchanges across 18 tracked blockchains in a single day. That is about 1,689 new tokens every hour, around the clock.

The problem is not the volume. It is what is inside almost all of them. A live sample of the latest launches found that 64 percent had negligible liquidity, 85 percent were thin or worse, and the median new token held roughly one dollar of pooled liquidity. In plain terms, most of these tokens cannot be sold for any meaningful amount the moment they exist.

How fast tokens are launching

Solana remains the engine room of the launch machine, accounting for the large majority of new pairs. Here is the run rate by chain at the time of writing, expressed as new tokens per hour.

ChainNew tokens per hour
Solana~1,356
Base173
BNB Chain130
Ethereum26
Arbitrum2
Polygon2
All 18 chains~1,689 (about 40,500 per day)

You can watch this counter move in real time on the DEXTools New Token Tracker, which estimates launch volume per chain from live pair-creation data.

Most new tokens have almost no liquidity

Launch volume is only half the story. To see how many of these tokens are actually tradable, we sampled 259 of the newest tokens across six major chains over a 24 hour window and measured their pooled liquidity. The result is stark.

  • 64 percent had negligible liquidity (effectively untradable)
  • 85 percent were thin or worse
  • Only 15 percent reached a viable level, and just 2 percent looked strong
  • The median new token held about one dollar of liquidity

Negligible liquidity is the single most common trap in fresh launches. With almost nothing in the pool, even a small sell crashes the price, and in many cases there is no realistic way to exit at all. It is the economic cousin of a honeypot: you can buy, but you cannot get out.

Which chains carry the most risk

The share of new tokens with negligible liquidity varies widely by chain. In our sample, Polygon and Ethereum new launches were almost entirely negligible, while Solana, despite its enormous raw volume, had the lowest share of dead-on-arrival tokens.

ChainNew tokens with negligible liquiditySampled
Polygon100%43
Ethereum84%50
Arbitrum81%16
Base74%50
BNB Chain46%50
Solana18%50
Overall64%259

The Solana result is the counterintuitive one. The chain is often described as memecoin spam central, and in raw numbers it is. But the launches that actually make it onto DEXTools with a pool are more likely to carry real liquidity than those on Polygon or Ethereum, where a flood of zero-liquidity contracts skews the picture. Volume and quality are not the same thing. You can track this breakdown on the live New Token Risk Index.

How to protect yourself

The takeaway is not that every new token is a scam. It is that the base rate is brutal, so the burden of proof sits with the token, not with you. Before touching anything this fresh, run three quick checks.

  • Run the contract through a safety check. The DEXTools Token Safety Checker flags honeypots, open or renounced ownership, mint functions and blacklist traps in seconds.
  • Look at the pool, not the chart. If liquidity is a few hundred dollars or less, treat the position as money you may never get back. The median here was a single dollar.
  • Verify the official contract address. Copycats are everywhere on high-volume chains. Always confirm the address from the project's official channel before buying.

Methodology

Launch counts come from DEXTools pair-creation data across 18 chains, measured as a per-hour run rate and extrapolated to a daily estimate (Solana volume is estimated from its newest-pairs feed). The liquidity breakdown is a 24 hour sample of 259 of the newest tokens across Solana, BNB Chain, Base, Ethereum, Arbitrum and Polygon, classified by pooled liquidity in USD. Figures are a live snapshot for June 20, 2026 and will move as the market does. This article is for information only and is not financial advice.