Over Half of Cryptos Launched Since 2021 Have Failed, With 2024-2025 Seeing Highest Collapse Rate

The cryptocurrency market is witnessing a brutal Darwinian shakeout. A CoinGecko report reveals 53% of tokens launched since 2021 have failed, with 2024 and 2025 claiming the most casualties. The first quarter of this year alone saw 1.8 million token projects collapse—more than half of all recorded failures.

Market turbulence, weak fundamentals, and the rise of no-code token creation platforms have created a perfect storm. These tools enabled a flood of speculative launches by non-technical operators seeking quick profits. The data shows 52.7% of all cryptocurrencies tracked on GeckoTerminal are now classified as dead coins.

While the absolute number of failures has skyrocketed, so too has the total pool of cryptocurrency projects. The market continues to bifurcate between serious blockchain ventures and speculative experiments, with the latter failing at unprecedented rates.