PANews May 1st news, according to a Coingecko report, over 50% of cryptocurrency projects have failed since 2021. Out of nearly 7 million cryptocurrencies listed on GeckoTerminal, 3.7 million have ceased trading.
As of March 31, 2025, 1.8 million projects have failed, setting a record for the highest number in a single year, accounting for 49.7% of the total project closures over the past five years. 2024 follows closely with 1.38 million project failures, making up 37.7% of the total over the past five years. Before the launch of pump.fun in 2024, the number of project failures was only in six figures. Project failures from 2021 to 2023 accounted for only 12.6% of the total over the past five years. The number of projects increased from 428,000 in 2021 to nearly 7 million in 2025, mainly due to the launch of pump.fun, leading to a market flooded with meme coins and low-quality projects.
