CoinGecko’s latest data reveals a massive surge in the number of cryptocurrency projects. Between 2021 and 2025, the number jumped over 1500%, from around 428,000 to almost 7 million!
Pump.fun Fuels the Boom
A big reason for this explosion? The launch of Pump.fun. This Solana-based platform lets anyone create memecoins easily, without needing tons of tech skills or money. In fact, Pump.fun has helped create over 10 million tokens since last year alone. CoinGecko points directly to Pump.fun’s simplicity as a key factor in the massive increase of new crypto projects.
A Sea of Failures
But this rapid growth hasn’t been all sunshine and rainbows. Over half – a whopping 52.7% – of these new crypto projects have already failed. That’s about 3.7 million projects that have stopped trading. The first quarter of 2025 saw a particularly brutal collapse, with nearly 1.8 million tokens failing.
Market Turbulence Plays a Role
CoinGecko suggests that the market downturn following Donald Trump’s inauguration in January 2025 likely contributed to this high failure rate. This points to a connection between broader economic factors and the success (or failure) of crypto projects.