Report: More than 50% of cryptocurrency projects have failed, and more than 1.8 million projects failed in the first quarter of this year

Planet News: A recent research report from CoinGecko shows that among nearly 7 million cryptocurrency projects registered since 2021, 3.6 million projects have ceased trading, with a failure rate of 52.7%. The first quarter of 2025 was the most dismal, with 1.8 million projects failing in a single quarter, accounting for 49.7% of historical total failures. Analysis points out that the token creation platform pump.fun launched in 2024 lowered the threshold for token issuance, leading to a flood of low-quality projects in the market. Especially after Trump's inauguration in January 2025, the crypto market became more volatile, further accelerating project elimination. In comparison, the total number of project failures between 2021-2023 only accounted for 12.6% of failure cases in the past five years.