CoinGecko Report: Over 50% of Cryptocurrency Projects Have Failed, Over 1.8 Million Projects Have Failed in Q1 This Year

BlockBeats News, May 6th, a recent CoinGecko research report shows that out of nearly 7 million cryptocurrency projects registered since 2021, 3.6 million projects have already ceased trading, with a failure rate as high as 52.7%. 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 historical failures.

The analysis points out that the token creation platform pump.fun, launched in 2024, lowered the barrier for token issuance, leading to an influx of low-quality projects into the market. In particular, after Trump's inauguration in January 2025, the crypto market turbulence intensified, further accelerating project eliminations. In comparison, the total number of project failures from 2021 to 2023 accounted for only 12.6% of the failures in the past five years.