Coin Issuing Factory: Who is "sucking blood" on the production line?
Author: Liam, Deep Tide TechFlow
In 2025, the productivity revolution in the crypto market will not be AI, but rather the issuance of tokens.
Dune data shows that in March 2021, there were about 350,000 tokens in the entire network; a year later, it rose to 4 million; by spring 2025, this number had surpassed 40 million.
In four years, it has expanded a hundredfold, with almost tens of thousands of new coins being created, launched, and going to zero almost every day.
Although the myth that issuing tokens can easily make money has been shattered, it cannot undermine the determination of project teams to launch tokens one after another. This token issuance assembly line has also supported a large number of service providers such as agencies, exchanges, market makers, KOLs, and media. Perhaps it is becoming increasingly difficult for project teams to make a profit, but every gear in the factory has found its own profit model.
So, how does this "token factory" actually operate? And who is involved in it?