CoinGecko Report: Over 50% of Cryptocurrency Projects Have Failed, Hitting a Record High in Q1 2025

The latest research report by CoinGecko shows that 3.70 million of the nearly 7 million cryptocurrency projects registered since 2021 have stopped trading, with a failure rate of 52.7%. Among them, Quarter 1 in 2025 performed the most dismal, with 1.80 million projects failing in a single quarter, accounting for 49.7% of the total number of failures in history.
The analysis pointed out that the token creation platform launched in 2024 pump.fun lowered the threshold for token issuance, resulting in a large number of low-quality projects flooding the market. Especially after Trump took office in January 2025, the crypto market volatility intensified, further accelerating the elimination of projects. In contrast, the total number of project failures in the 2021-2023 period accounted for only 12.6% of the failures in the past five years.