The scale of project failures in the cryptocurrency market has reached alarming levels. According to statistics based on data from CoinGecko, the number of failed cryptocurrencies increased to 11,564,909 throughout 2025.
This number represents a dramatic increase from the early days of the field. In fact, only 2,584 cryptocurrencies failed in 2021. This trend over the past few years has shown that the number of failed projects has increased tens or even hundreds of times.
Data reveals that the cryptocurrency ecosystem suffered a major shock, especially in the last quarter of 2025. It is estimated that in the fourth quarter of 2025 alone, approximately 7.7 million tokens lost value, effectively collapsing.
This number alone accounts for approximately 34.9% of all failed projects recorded by CoinGecko. In other words, one in three failed crypto projects to date disappeared from the market in the last quarter alone.
Analysts point out that there are multiple factors behind the sharp decline in token “viability”. The main one is the systemic instability of the market after 1011 large liquidation events. These chain reactions led to the rapid collapse of illiquid and fundamentally weak projects.
According to experts, this data clearly shows the risks posed by the unlimited increase in the number of projects in the cryptocurrency market and the generation of low-quality tokens. This highlights that it is more important than ever for investors to be more selective and cautious, especially when it comes to newly launched projects.
*This is not investment advice.
