Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko

The number of crypto projects that launched over the past four years has skyrocketed by over 1,500%, according to new data from the leading market aggregator CoinGecko.

In a new report , CoinGecko says only 428,383 crypto projects were launched in 2021 and listed on the decentralized exchange (DEX) tracker GeckoTerminal.

But by 2025, that number has surged to nearly 7 million.

CoinGecko says much of the explosive growth is linked to Pump.fun, a Solana ( SOL )-based cryptocurrency launchpad that enables users to deploy memecoins without extensive technical knowledge and significant capital.

Data from crypto analytics firm Dune shows that the platform has facilitated the creation of more than 10 million tokens since last year. 

Says CoinGecko,

“Much of this jump can be attributed to the launch of pump.fun, which simplified the process of creating tokens, leading to a flood of meme coins and low-effort projects entering the market.”

But more than half of the crypto projects flopped. CoinGecko says 3.7 million of the 7 million cryptocurrencies listed on GeckoTerminal since 2021 have stopped trading and are considered failed.

“52.7% of all cryptocurrencies on GeckoTerminal have failed, with the majority occurring during 2024 and early 2025.”

The report says 1.8 million tokens collapsed in the first quarter of 2025 alone. The number represents 49.7% of all recorded project failures from 2021 to 2025. 

“This sharp decline in token survivability may be linked to broader market turbulence, particularly following Donald Trump’s inauguration in January 2025, which coincided with a downturn in the crypto market.”

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