More than 50% of cryptocurrency projects since 2021 have failed, sustainability is increasing.

The famously volatile nature of the crypto market has led to the failure of many projects. According to statistics from GeckoTerminal and CoinGecko, more than 50% of new cryptocurrencies introduced since 2021 are no longer active in the market. The increasing number of failed tokens has raised concerns about the long-term sustainability of the crypto ecosystem. The scale of cryptocurrency failure Statistics from GeckoTerminal show that 3.7 million cryptocurrency projects out of 7 million listed in 2021 had stopped trading as of March 31, 2025, leading to a 52.7% failure rate of tokens. The failure statistics have tracked a significant declining trend, reaching a peak in the first quarter of 2025, witnessing 1.8 million failed projects, accounting for 49.7% of the total failures recorded during the 2021-2025 period. The rapid increase in failures occurs simultaneously with the overall instability of the market following major economic or political events. For example, the downward trend of the crypto market coincides with the time Donald Trump took office in January 2025, which may contribute to a spike in failed projects. Meme coins and low-effort projects contribute to failures. The rapid increase in failed token projects may be due to some low-quality meme coins entering the market. The launch of platforms like Pump.fun, which simplify the token creation process, has led to a surge of new crypto market projects in 2024. However, the lack of significant value in other crypto market projects makes them prone to failure in the market. The number of failed coins has rapidly increased in the crypto market during the bull run from 2020 to 2021, stemming from the ability to deploy tokens and the hype surrounding meme coins. Some tokens emerged without true utility or long-term development plans, but they quickly gained popularity before crashing swiftly. The division of failures by year The failure rate of cryptocurrencies varies significantly depending on the year of launch. The market experienced a failure rate of 70% of new cryptocurrencies in 2021, when 5,724 tokens disappeared. This trend continued into 2022, with over 3,500 projects failing, accounting for a failure rate of 60%. However, the market saw a significant decline in the number of failed tokens in 2023, with 289 projects failing out of 4,000 listed tokens, reflecting an increasing trend towards more sustainable projects. While most tokens that launched in 2020 and 2021 faced inevitable failures, recent projects have shown improved results. This indicates an increasing maturity in the thị trường tiền điện tử, with a stronger focus on responsibility and utility. However, the strong increase of failed cryptocurrencies is challenging the sustainable future of the crypto market. Although many cryptocurrency projects have experienced significant failures, the market continues to attract new projects, testing their ability to navigate volatility, regulation, and sustainable operations.