A report from CoinGecko reveals that the number of crypto projects has surged by over 1,500% in four years, reaching an estimated 7 million by 2025. This growth is largely attributed to Pump.fun, a user-friendly platform for creating memecoins. However, over half of these projects have failed, with significant market changes impacting their survivability.
In a recent report from CoinGecko, the growth of cryptocurrency projects has spiked dramatically, soaring over 1,500% in the last four years. Back in 2021, just 428,383 projects were recorded on the GeckoTerminal, a tracking tool for decentralized exchanges. Fast forward to projections for 2025, and that figure is staggering, nearly hitting 7 million crypto projects.
According to CoinGecko, a significant driver behind this explosion is the launch of Pump.fun, a platform built on the Solana blockchain. It allows users, even those with little technical expertise or financial resources, to easily create memecoins. Remarkably, data from the analytics firm Dune indicates that Pump.fun has facilitated over 10 million tokens since its inception last year.
CoinGecko notes that much of the rapid increase in token creation can be traced back to Pump.fun’s user-friendly features, which have, unfortunately, led to a flood of low-effort projects and meme coins entering the market. However, there’s a catch—more than half of these new projects have ultimately failed. CoinGecko highlights that 3.7 million of the nearly 7 million cryptocurrencies recorded on GeckoTerminal since 2021 have stopped trading and are deemed unsuccessful.
The report states that an alarming 52.7% of all cryptocurrencies listed on GeckoTerminal have failed, with the majority of those failures occurring between late 2024 and early 2025. Just in the first quarter of 2025, 1.8 million tokens collapsed, which accounts for almost half of all documented project failures from 2021 to 2025.
This steep drop in token viability could be linked to broader market conditions, particularly following the inauguration of Donald Trump in January 2025, which some analysts believe coincided with a downturn in the overall cryptocurrency market. Investors are clearly facing a turbulent climate.
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