According to ChainCatcher, a report from Coingecko states that 53.2% of cryptocurrencies on the GeckoTerminal platform have already gone to zero, with the vast majority of these occurring in 2025. In 2025 alone, 11.6 million tokens went to zero, accounting for 86.3% of all tokens that went to zero between 2021 and 2025. Of these, 7.7 million tokens crashed in the fourth quarter, representing 34.9% of all recorded project failures. It is understood that the ease of launching tokens on issuance platforms has led to a flood of low-cost "meme coins" and projects entering the market. Data shows that the total number of cryptocurrency projects surged from 428,000 in 2021 to nearly 20.2 million in 2025.
2025 Sees 11.6M Tokens Go to Zero, Crypto Projects Surge to Near 20.2M
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Summary
Inflation data from ChainCatcher and GeckoTerminal reveals that 53.2% of cryptocurrencies have gone to zero, with most of the failures occurring in 2025. A total of 11.6 million tokens lost value that year, accounting for 86.3% of the total failures from 2021 to 2025. The final quarter alone saw 7.7 million tokens collapse, representing 34.9% of all failures. Low barriers to entry led to a surge in low-quality projects and meme coins. The total number of cryptocurrency projects increased from 428,000 in 2021 to nearly 20.2 million in 2025, with many project announcements resulting in quick exits.
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