Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko
The number of cryptographic projects launched over the past four years has increased by more than 1,500%, according to new data from the Leader Coingecko market aggregator.
In a new reportCoingecko claims that only 428,383 cryptography projects were launched in 2021 and listed on the trackerminal decentralized Exchange (DEX) Geckoterminal.
But by 2025, this number increased to almost 7 million.
Coingecko says that a large part of explosive growth is linked to Pump.Fun, a launch of the Cryptocurrency based on Solana (soil) which allows users to deploy the same without in-depth technical knowledge and important capital.
Data from the cryptographic analysis company of shows that the platform has facilitated the creation of more than 10 million tokens since last year.
Said Coingecko,
“A large part of this jump can be attributed to the launch of Pump.fun, which has simplified the process of creating tokens, leading to a flood of pieces even and to low efforts entering the market.”
But more than half of crypto projects collapsed. Coingecko says that 3.7 million of the 7 million cryptocurrencies listed on geckoterminal since 2021 have ceased to negotiate and are considered to have failed.
“52.7% of all cryptocurrencies on geckoterminal failed, the majority occurring in 2024 and at the beginning of 2025.”
The report indicates that 1.8 million tokens collapsed in the first quarter of 2025 only. The number represents 49.7% of all project failures recorded from 2021 to 2025.
“This sharp drop in tokens survival can be linked to broader market turbulence, especially following the inauguration of Donald Trump in January 2025, which coincided with a slowdown in the cryptography market.”
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