Number of Failed Crypto Coins By Year
Our study showed that as of March 31 2025, 1.8 million cryptocurrency projects have already failed this year—marking the highest number of failures recorded in a single year.
2021: 2,584
2022: 213,075
2023: 245,049
2024: 1,382,010
2025: 1,821,549
It all comes down to meme coin mania and frictionless token launches—platforms like pump.fun let anyone create coins, flooding the market with disposable projects. As Solana and others got saturated, quality tanked and hype evaporated fast, sending failure rates vertical.
Security blowups and high-profile rug pulls further crushed investor trust, while macro headwinds and regulatory heat sent capital fleeing to quality like BTC.
Want to dig into how the “copy-paste” era killed the low-effort coin game?
See the full breakdown and macro narrative shifts here: follow us