The XRP Ledger (XRPL) ecosystem has reached a new milestone in token issuance, with a record-breaking 213 new tokens issued in a single day. This surge in token creation can be attributed to the recently introduced First Ledger platform, which has made trading and token issuance on the XRPL easier. However, most of these tokens are meme coins. The previous daily high was 74 tokens, and the surge in 2024 dwarfs these earlier numbers. The data from Santiment may be lagging behind the real-time growth on the ledger, according to a validator. First Ledger has gained attention for its ease of use and seamless interface, and it has also influenced the creation of Automated Market Maker (AMM) pools on the XRPL. Despite the high volume of tokens being created, only a small number have achieved substantial market caps, reflecting the speculative nature of many of these tokens. Overall, the XRP Ledger now hosts a total of 15,023 tokens, but only 203 of them have market caps exceeding $2,000.



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