~1,500,000 tokens were created last month.
Out of those? Less than 50 got a perpetual market.
That means more than 99.99% of newly created tokens had no way for traders to properly express both sides of the market.
No meaningful way to:
→ Long
→ Short
→ Hedge
→ Use leverage
→ Express a bearish view
They were created as spot assets, and for the overwhelming majority, that's where the token eventually dies.
This is one of the biggest structural gaps we face in crypto.
Token creation essentially became permissionless through launchpads.
Creating a token takes seconds and costs almost nothing.
But creating a complete market around that token still requires:
1. Liquidity
2. Market makers
3. Infrastructure
4. Demand
So even if a token has a community, attention and real trading activity, it may never get access to the tools that make a mature market possible.
As traders, you can only rely on and express positive information to get a return on your trade.
As projects, you have far fewer ways to create deeper participation and market activity around your asset.
Millions of assets exist onchain… but the infrastructure to trade them is still concentrated around a tiny fraction of them.
The crazy part?
Those ~1.5 million tokens aren't fundamentally incapable of having complete markets.
The infrastructure just isn't designed to support every token yet.
That's what Vibe changes.
A permissionless layer where any token can become a complete perpetual market.
No listing fees or USDC
No waiting for an exchange listing.
No traditional market makers or external liquidity.
A project can deploy token supply only and create a market the moment the spot asset gets created.
Traders can long or short from the moment the token is born.
Liquidity providers can earn from activity, without constantly needing to manage positions & face impermanent losses.
And the market gets to determine whether that asset deserves attention.
1.5 million tokens were created last month…
And now every single one of them can become a complete market 🌎