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2025 Records the Highest Number of Failed Crypto Projects
A new study shows that more than 50 percent of cryptocurrency projects have failed over the course of the last four years. Around 3.7M crypto coins on GeckoTerminal have failed out of a total 7 million listed coins on the platform. CoinGecko, a crypto analytical platform, has revealed the stats through its official social media platform, X account.
Number of Failed Crypto Coins By Year2021: 2,5842022: 213,0752023: 245,0492024: 1,382,0102025: 1,821,549
— CoinGecko (@coingecko) May 2, 2025
52.7% Cryptocurrencies Have Failed Since 2021
According to a new study released by CoinGecko, 52.7% of cryptocurrencies project have died since the year 2021. In 2021, only around 2500 coins were failed. However, with each passing year, the number of failed crypto has increased.
In 2022, the number of failed crypto coins crossed the figure of 200k while the number increased in the year 2023 touching the mark of nearly 250k. However, most of the crypto projects have failed in the year 2024, and 2025 reaching the figures 1,382,010, and 1,821,549 respectively.
49.7% Crypto Died Only in Three Months Of 2025
As per CoinGecko, the first quarter of this year has seen the largest number of failed crypto so far. According to the study, the number of failed digital currency projects reached 1.8 million by the 31st of March this year, and yet there are two quarters of this year are left, which means the number could increase even more. Out of total 52.7% failed crypto coins, around 49.7% has occurred only during the first three months of 2025.
Last year saw the most number of cryptocurrency projects listed on GeckoTerminal. More than 3 million coins were listed out of which 1.3 million were died. However, this year so far has seen a large number of digital currency projects added on GeckoTerminal within the duration of just three months which is 1.9 million out of which 1.8 million projects have already failed.
The number of total listed coins increased from 428k to 7 million from 2021 to 2025. This increase have boosted since the pump.fun has launched which made the creation of coins easy and simple.