CoinGecko Analysts Report a 50% Collapse of Crypto Assets as New Projects Surge

According to data from GeckoTerminal, which has been tracking nearly 7 million crypto assets since 2021, about 3.7 million of these—over half—have ceased trading, marking them as failed projects, as confirmed by analysts at CoinGecko.

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

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

Analysts attribute this explosive growth to the launch of Pump.fun, a «meme token factory» that significantly simplified the process of creating coins. As a result, new crypto assets began to emerge within mere minutes and with minimal effort.

By March 31, 2025, the number of failed projects reached 1.8 million (49.7% of the total), exceeding any previous year’s count.

In 2024, 1.4 million projects became obsolete, accounting for 37.7% of the total number over the past five years.

It is worth noting that Binance founder Changpeng Zhao has deemed 99.99% of AI agent tokens as «useless.»