Over 50% of Crypto Tokens Have Failed in Last Five Years

Over 50% of Crypto Tokens Have Failed

CoinGecko's report indicates that more than 50% of crypto tokens listed on its Decentralized Exchange (DEX) tracker have failed over the past five years. Key findings include:

3.7 million out of nearly 7 million tokens listed since 2021 are considered defunct.
52.7% of analyzed tokens have died, with 86.5% failing between 2024 and early 2025.
In Q1 2025 alone, 1.8 million tokens collapsed, marking the highest number of failures in a single year.
In 2024, approximately 1.4 million projects failed, representing 37.7% of total collapses during the analyzed period.
The failure rate increased from 0.5% in 2021 to 25% in early 2025.
Despite failures, 2024 saw over 3 million new projects launched, a 1,550% increase since 2021.

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Memecoin Launchpad Impact

The surge in new token launches is attributed to the Solana-based memecoin launchpad Pump.fun, which led to an influx of meme coins and low-effort projects. Additional points include:

Failures were previously in the low six digits before Pump.fun's launch, accounting for only 12.6% of dead tokens between 2021 and 2023.
Many celebrity memecoins have lost over 90% of their value since launch by July 2024.
The recent decline in token survivability may be linked to broader market turbulence following significant events such as Donald Trump's inauguration in January 2025.

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