CoinGecko: Nearly 11.6 million tokens failed by 2025, accounting for 86.3% of all failures over the past five years.
TL;DR
CoinGecko reports that by 2025, 53.2% of crypto tokens have failed, with 11.6 million failing in 2025 alone, making up 86.3% of failures over five years. This surge is linked to market turmoil and easier token issuance, leading to many low-quality projects.
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PANews reported on January 14th that, according to CoinGecko statistics, as of December 31, 2025, 53.2% of the crypto tokens recorded on the GeckoTerminal platform have failed. The vast majority of these failures occurred in 2025, with approximately 11.6 million tokens failing throughout the year, accounting for 86.3% of the total failures over the past five years (2021-2025).
The report attributes the sharp decline in project survival rates in 2025 to systemic market turmoil, particularly the "liquidation waterfall" event on October 10th. Despite this market volatility, the total number of crypto tokens surged from 428,000 in 2021 to nearly 20.2 million in 2025, primarily due to the ease of issuing tokens through platforms, leading to an influx of low-quality meme tokens and projects. Furthermore, platforms like pump.fun, launched in 2024, further lowered the barriers to entry for token issuance.