The short version: the 2026 crypto market is quieter, cheaper and more selective than 2024. Listings on the ten largest exchanges shifted from speculative categories to tokenized real-world assets, a token launch now costs a fraction of its 2024 price, and the exchange queue is shorter. Memecoins were filtered rather than killed: listings fell from 196 in Q4 2024 to 41 in Q2 2026, but tokens are still created in enormous numbers.

EchoTrade is a crypto Market Making firm founded in 2023. It manages order books for token projects across more than 90 centralized and decentralized exchanges, with a team of 20 or more traders running client books around the clock. The firm currently supports over 100 active projects, has been involved in…