As crypto continues to evolve, one question keeps resurfacing: do we really need thousands of different cryptocurrencies?

Bitcoin was created to decentralize finance. Ethereum took it further, enabling smart contracts and decentralized apps. But beyond the top-tier coins, we now have an overwhelming flood of altcoins some with real innovation, others clearly cash grabs or memes.

Do we need 20+ Ethereum "killers"? Or hundreds of tokens doing roughly the same thing with different names? Supporters argue that competition drives innovation and that niche tokens can serve specific communities or use cases. Critics say it's diluting trust, fragmenting adoption, and creating confusion for new users.

Is the abundance of cryptocurrencies a sign of a thriving, experimental ecosystem or just noise masking a few real signals?

Let’s discuss: Should the crypto space consolidate, or is the current diversity actually a strength?