CoinGecko Experts Report Half of Crypto Assets Have Failed

Out of nearly 7 million crypto assets tracked by the DEX tracker GeckoTerminal since 2021, 3.7 million have ceased trading—more than half. Analysts at CoinGecko consider these projects to have failed.

“52.7% of the total coins on GeckoTerminal have failed, with most occurring in 2024 and early 2025,” the researchers stated.

In the first quarter of 2025, 1.8 million tokens collapsed—49.7% of all CoinGecko-recorded crypto project failures.

“Such a sharp decline in ‘survivability’ may be linked to overall market turbulence, which intensified after Donald Trump’s inauguration in January 2025, coinciding with a market correction,” experts explained.

The Death Conveyor

The total number of crypto projects also rose sharply: in 2021, GeckoTerminal added 428,383 coins, and by 2025 this figure had approached 7 million.

Analysts attribute this explosive growth to the launch of Pump.fun, a “meme token factory” that radically simplified the process of creating coins. Thanks to it, new crypto assets began to appear literally within minutes and with minimal effort.

The number of “collapsed” projects in 2025 reached 1.8 million (49.7% of the total)—more than in any other year.

In 2024, 1.4 million projects vanished—37.7% of the total over the past five years.

“However, this year also saw a record number of launches—over 3 million new projects entered the market. Before the advent of Pump.fun in 2024, the number of failed crypto initiatives remained at modest six-figure levels. From 2021 to 2023, only 12.6% of all industry failures over the past five years occurred,” experts observed.

Earlier, Binance founder Changpeng Zhao called 99.99% of AI agent tokens useless.