#AirdropStepByStep 3,7 million projects disappeared in four years

How many cryptos have really died in recent years? According to data from GeckoTerminal, of the nearly 7 million cryptocurrencies registered since 2021, approximately 3.7 million have ceased trading and are considered bankrupt, representing a failure rate of 52.7%.

This trend dramatically accelerated between 2024 and early 2025, with a particular concentration in the first quarter of 2025. This critical period coincided with the inauguration of Donald Trump in January, followed by a notable slowdown in the cryptocurrency market.

The explosion in the number of projects reflects a radical shift in the ecosystem. In 2021, there were only 428,383 projects on GeckoTerminal. By 2025, this figure reached almost 7 million, representing a 16-fold increase in four years.

This exponential growth is largely explained by the arrival of platforms like Pump.fun, which have democratized token creation.

These tools have allowed anyone to launch their own crypto without deep technical knowledge, flooding the market with memecoins and projects with low fundamental value.