2025 Marks Peak Crypto Project Failures with 1.8M Coins Collapsing

More than half of all cryptocurrency projects launched since 2021 have failed, according to a CoinGecko study tracking 7 million listed coins. The platform’s data reveals a staggering 1.8 million coin failures in 2025 alone—the highest annual figure recorded.

Failure rates show exponential growth: from 2,584 dead coins in 2021 to 1.4 million in 2024, before peaking this year. "This Darwinian shakeout separates speculative noise from projects with real utility," observed one analyst, noting the data only tracks coins listed on GeckoTerminal.

The survival rate of 47.3% since 2021 underscores crypto’s high-risk nature. While Bitcoin and Ethereum continue to dominate, newer tokens face increasingly slim odds—particularly those lacking exchange support from platforms like Binance or Coinbase.