The Death Knell for Crypto: CoinGecko Analysts Report 50% of Digital Assets Have Failed

Out of nearly 7 million crypto assets tracked by the DEX tracker GeckoTerminal since 2021, trading has ceased for 3.7 million of them—amounting to more than half. Analysts at CoinGecko consider these projects to be failures.

In the first quarter of 2025, the collapse affected 1.8 million tokens, representing 49.7% of all recorded failures in crypto projects by CoinGecko.

The total number of crypto projects has also surged dramatically: while GeckoTerminal had recorded 428,383 coins in 2021, this figure approached 7 million by 2025.

Analysts attribute this explosive growth to the launch of Pump.fun—a «meme-token factory» that drastically simplified the process of creating coins. Thanks to this, new crypto assets began surfacing in just minutes with minimal effort.

The number of «collapsed» projects in 2025 reached 1.8 million (49.7% of the overall total)—a higher figure than in any previous year.

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

It’s worth noting that Binance founder Changpeng Zhao labeled 99.99% of AI-agent tokens as worthless.