"109,000 tokens created in 24 hours, the market is diluted" made the rounds today. We did not count tokens. We asked the one place where a coin only gets a door if people will pay to bet on it: Binance's leverage market.
Every product there has a listing date, the day its door opened. In 2025 Binance opened 246 doors for tokens. In 2026 so far: 52 for tokens, 189 for stocks, funds, gold and oil. The first stock-market door only appeared in December.
Those doors are not empty. SanDisk, the Korean chipmaker SK Hynix and gold each traded more than $1B in a day, on a crypto exchange. Today the stock-market products are 30% of everything traded there.
The dilution is real, it is just not where the money is. The door is opening for stocks, not for more tokens. One exchange, listing dates as Binance publishes them.
Grade: the stock-market share of daily trading on Dec-31. Under 20% and this was a summer fad. NFA.
Every product there has a listing date, the day its door opened. In 2025 Binance opened 246 doors for tokens. In 2026 so far: 52 for tokens, 189 for stocks, funds, gold and oil. The first stock-market door only appeared in December.
Those doors are not empty. SanDisk, the Korean chipmaker SK Hynix and gold each traded more than $1B in a day, on a crypto exchange. Today the stock-market products are 30% of everything traded there.
The dilution is real, it is just not where the money is. The door is opening for stocks, not for more tokens. One exchange, listing dates as Binance publishes them.
Grade: the stock-market share of daily trading on Dec-31. Under 20% and this was a summer fad. NFA.
