A new analysis reveals that over half of all cryptocurrency tokens have failed, with most erasures occurring in 2025. Between mid-2021 and 2025, more than 13.4 million tokens were wiped out, according to data from CoinGecko.
The cryptocurrency market has seen significant attrition in recent years. According to a CoinGecko analysis, more than half of all crypto tokens have failed, with the majority of these failures taking place in 2025. This marks a turbulent period for digital assets, as over 13.4 million tokens were erased from existence between mid-2021 and the end of 2025.
CoinGecko's report highlights the high volatility and risk inherent in the token ecosystem. The data underscores how quickly projects can fade, contributing to a landscape where only a fraction of launched tokens endure. While the exact causes of these failures are not detailed in the analysis, the sheer volume points to challenges in sustainability and market dynamics during this timeframe.
This development comes amid ongoing maturation in the crypto sector, where investors and developers navigate rapid innovation alongside substantial losses. The findings from CoinGecko serve as a reminder of the speculative nature of many tokens, influencing perceptions of long-term viability in the industry.