Report: More than 50% of cryptocurrency projects have failed, and more than 1.8 million projects failed in the first quarter of this year

Odaily Planet Daily News CoinGecko's latest research report shows that of the nearly 7 million cryptocurrency projects registered since 2021, 3.6 million projects have stopped trading, with a failure rate of 52.7%. Among them, the first quarter of 2025 performed the worst, with 1.8 million projects failing in a single quarter, accounting for 49.7% of the total number of historical failures. Analysis pointed out that the token creation platform pump.fun launched in 2024 lowered the threshold for token issuance, resulting in a large number of low-quality projects entering 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 during 2021-2023 accounted for only 12.6% of the failure cases in the past five years.