Token supply surge leaves most crypto assets underwater

Token supply is increasing at a rate faster than value creation across the cryptocurrency market. This imbalance is keeping most crypto assets trading below their peak prices and weakening the traditional relationship between price and fundamental metrics.

• →Token supply inflation is outpacing value creation in the crypto market.
• →Most cryptocurrency assets remain below their all-time high prices due to supply pressures.
• →The relationship between price and fundamental metrics is becoming weaker.
• →Supply-demand imbalances are creating headwinds for asset appreciation.
• →Market structure changes may require new frameworks for valuation analysis.