A recent report highlights the high failure rate of cryptocurrency projects. According to CoinGecko, over half of the tokens tracked on GeckoTerminal between July 2021 and December 2025 are now inactive, representing approximately 13.4 million failures out of 25.2 million listed. The year 2025 saw a significant spike, with 11.6 million tokens becoming inactive. This surge is partly attributed to a major leverage washout in October 2025. Bitcoin developer Jameson Lopp pointed out that while launching a new token is easy, replicating the network and user base of a cryptocurrency like Bitcoin is not. The data underscores the challenge of sustaining liquidity and attention for new tokens in the competitive crypto market.

A recent report highlights the high failure rate of cryptocurrency projects. According to CoinGecko, over half of the tokens tracked on GeckoTerminal between July 2021 and December 2025 are now inactive, representing approximately 13.4 million failures out of 25.2 million listed. The year 2025 saw a significant spike, with 11.6 million tokens becoming inactive. This surge is partly attributed to a major leverage washout in October 2025. Bitcoin developer Jameson Lopp pointed out that while launching a new token is easy, replicating the network and user base of a cryptocurrency like Bitcoin is not. The data underscores the challenge of sustaining liquidity and attention for new tokens in the competitive crypto market.