The majority of cryptocurrencies on CoinMarketCap are less than 2 years old, with a huge spike produced in 2021.
Number of New Coins Minted by Year
A bar/column chart which showcases the number of new cryptocurrencies that were minted by year beginning in 2013. Title in black text: Figure 1: The majority of cryptocurrencies are less than 2 years old, with a huge spike produced in 2021. Subtitle in orange text: Number of New Coins Minted by Year. The x-axis represents the years from 2013-2022 (2022 is through October), and the y-axis represents the number of coins up to around 3,500. Bars are very dark blue. Source in gray text: Authors' analysis of data from CoinMarketCap.