Encryption Token Market Analysis: Reputation Scores Reveal Industry Status

Recently, the overall cryptocurrency market has seen a decline, with many Token prices dropping by 80%-90% from their peaks. A data analysis company has conducted a comprehensive evaluation of 2 million Tokens using artificial intelligence algorithms based on 16 indicators, establishing a set of assessment systems to measure the credibility of projects and the health of the market.

Recent data analysis shows that the Token reputation scores exhibit a clear pyramid structure. The vast majority of Tokens are concentrated in the "average" and "poor" ranges, with high-scoring Tokens being extremely rare. This phenomenon not only reflects the high degree of market differentiation but also reveals the deep disparities in Token quality across different blockchain platforms.

Token Reputation Index Analysis

Data shows that Ethereum remains the primary Token issuance platform, accounting for 54.56% of the total statistics. This is followed by a certain Layer 2 network (21.88%) and a certain emerging public chain (16.32%). The other two well-known public chains account for 5.85% and 1.37%, respectively.

In terms of reputation ratings, the vast majority of tokens are at the "average" and "poor" levels. Taking Ethereum as an example, about 116,000 tokens are at an average level, while 573,000 tokens are at a poor level. The number of tokens with excellent and good ratings across various blockchain platforms is very limited. Ethereum has only 7 tokens that achieve an excellent rating and 310 tokens that achieve a good rating.

It is worth noting that although the total supply of a certain public chain Token is only 10.7% of Ethereum, its "average" range Token proportion reaches 4.03%, significantly higher than Ethereum's 0.34%. This indicates that emerging public chains may have certain advantages in attracting medium-quality projects.

common issues of low-rated Tokens

By comparing the characteristics of tokens in different rating ranges, it is found that low-rated tokens generally have the following issues:

1. Insufficient liquidity and low market participation: The liquidity pool size and number of participants for low-rated Tokens are significantly low, leading to drastic price fluctuations and further undermining market confidence.

2. The concentration of token holders is too high: the top 10 holders of low-rated Tokens account for a much larger share than those of high-rated Tokens, and the highly concentrated holding structure increases the risk of market manipulation.

3. Trading activity and insufficient profitability: Low-rated tokens significantly lag in trading volume and the proportion of profitable traders, making it difficult to attract long-term investors.

Different public chain ecological strategies

The distribution of token quantity and reputation scores reflects the ecological strategy differences of various blockchain platforms. Ethereum, as the most mature public chain, has both advantages and challenges. Although it has a well-established infrastructure and a large user base, the high gas fees and network congestion issues have also driven projects to migrate to other low-cost chains.

Emerging public chains are attracting projects through low costs and technological innovations, but they still need to strengthen liquidity depth and user stickiness. Some public chains focusing on specific areas are also seeking differentiated development, but are still limited by their user base.

Conclusion

The current token market shows a clear polarization. In the future, with stricter regulations and the professionalization of investors, the token reputation index may become an important tool for selecting quality assets. Only those projects that develop in a balanced manner across multiple dimensions such as liquidity, coin distribution, and trading sustainability are likely to stand out in the next round of market reshuffling and become leading projects in the encryption field.