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87.4% of cryptocurrency projects fail 2024-2025
Cryptocurrency Market Since 2021: The Collapse of More Than Half of the Projects
According to a report from Coingecko, the cryptocurrency market has seen over 50% of projects fail since 2021. Among nearly 7 million cryptocurrencies listed on GeckoTerminal, up to 3.7 million have stopped trading. In particular, by March 31, 2025, there will be 1.8 million projects that have ceased operations, accounting for 49.7% of the total projects closed in the past 5 years.
The Sudden Increase of Failed Projects
In 2024, it ranks second only to 2025 with 1.38 million failed projects, accounting for 37.7% of the total over five years. Before the launch of pump.fun in 2024, the number of failed projects was only in the six-figure range. Failed projects from 2021 to 2023 accounted for only 12.6% of the total over five years.
What Has Changed the Market?
The number of projects has surged from 428,000 in 2021 to nearly 7 million by 2025, mainly due to the launch of pump.fun, attracting many meme coins and low-quality projects into the market.
Message for Investors
This market information is not investment advice. Investors should be cautious and not rely solely on the hype of new projects while overlooking their actual quality and potential.
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