Coingecko Data: 11.5 Million Projects Died in 2025, The Most Devastating Year in Crypto History
According to data from GeckoTerminal, 53.2% of all cryptocurrency projects have failed, with the vast majority of these failures—86.3%—occurring in 2025 alone. A staggering 11.6 million token projects died in 2025, making it the most devastating year in crypto history. This sharp decline in token viability is linked to extreme market turbulence, particularly within the memecoin sector.
A record-breaking liquidation event on October 10, 2025, where $19 billion in leveraged positions were liquidated in 24 hours, triggered a chain reaction that led to the collapse of 7.7 million projects in Q4 alone.
Despite the high failure rate, the total number of crypto projects exploded—growing from 428,383 projects on GeckoTerminal in 2021 to over 20.2 million by 2025. This surge is largely attributed to the rise of token launch platforms that made creating low-quality memecoins exceptionally easy.
In comparison, 2024 saw 1.4 million project failures, accounting for 10.3% of all failures in the past five years, while failures from 2021 to 2023 made up just 3.4%. The data includes tokens that had at least one trade before failing and only counts "graduated" tokens from platforms like pump.fun.
marsbit01/14 10:40
