Over Half of All Crypto Tokens Are Now Dead: CoinGecko
More than half of all cryptocurrencies tracked on CoinGecko’s GeckoTerminal have now failed. Such a major quantity of collapse in token survivability is pushed largely by extra hypothesis and market instability.
According to the crypto aggregator’s newest report, 53.2% of all cryptocurrencies listed on GeckoTerminal are categorised as lifeless, and the bulk of failures occurred in 2025.
Crypto Project Failures
Roughly 11.6 million tokens collapsed, which accounted for 86.3% of all cryptocurrency failures recorded between 2021 and 2025. The scale of the losses is a pointy break from earlier years and signifies the rising fragility of a market more and more saturated with short-lived tasks, notably throughout the meme coin phase.
CoinGecko stated that the fourth quarter of 2025 was particularly damaging. During a interval of these three months alone, there have been 7.7 million tokens that failed, which represented 34.9% of all recorded challenge collapses. Interestingly, this surge in failures coincided with elevated systemic stress following the October 10 liquidation cascade, when roughly $19 billion in leveraged positions had been worn out inside 24 hours, which made it the most important single-day deleveraging occasion in crypto market historical past.
While market volatility intensified in 2025, the quantity of cryptocurrency tasks continued to broaden quickly. The whole quantity of tasks listed on GeckoTerminal grew from simply 428,383 in 2021 to almost 20.2 million by 2025. The report attributed this explosive development to the rising ease of token creation by way of launchpads, which has lowered limitations to entry and inspired a wave of low-effort meme cash and experimental tasks.
Failure Rates Spiked After 2023
Yearly failure knowledge revealed how sharply circumstances deteriorated. In 2021, solely 2,584 tasks failed. The determine rose to 213,075 in 2022 and 245,049 in 2023. Failures accelerated considerably in 2024 and reached roughly 1.38 million earlier than surging to greater than 11.56 million in 2025.
Despite 2024 recording over 3 million new launches and the second-highest quantity of challenge closures, it nonetheless accounted for simply 10.3% of whole failures over the 5 years. CoinGecko discovered that earlier than 2024, and earlier than platforms similar to Solana-based meme coin launchpad Pump.enjoyable gained traction, annual crypto challenge failures remained within the low six figures, whereas the mixed failures from 2021 to 2023 represented solely 3.4% of all closures since 2021.
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