The promise of blockchain innovation once painted a future where anyone could create wealth and democratize finance. That optimism has collided with market reality. More than half of all cryptocurrencies launched since 2021 no longer exist.
According to data from GeckoTerminal, approximately 3.7 million of the nearly 7 million cryptocurrencies listed on the platform have stopped trading and are considered failed. This represents a staggering 52.7% failure rate, with the majority of collapses concentrated in 2024 and early 2025. The first quarter of 2025 alone witnessed the collapse of 1.8 million tokens, accounting for 49.7% of all recorded project failures since 2021. This sharp decline in token survivability marks an unprecedented reckoning in the digital asset ecosystem.
Continue reading The Cryptocurrency Graveyard: Over Half of All Digital Tokens Have Failed Since 2021