According to research by THICCY, a partner at SCIMITAR CAPITAL, as of 2023, ALTCOIN has increased its supply by approximately $17 billion through unlocking and staking rewards, with a daily inflation of around $225 million. This growth is comparable to the daily inflow of Bitcoin ETF. At the same time, the circulating market value of ALTCOIN has increased by approximately $200 billion, representing a growth of about 53%, while its fully diluted value (FDV) has grown by about 70%. The price difference between FDV and market value has increased by over $150 billion, indicating the potential impact of future supply on the market. It is worth noting that the ALTCOIN mentioned in this research does not include the market value of the top 200 altcoins such as $BTC, $ETH, $XRP, and BNB.