- Over 50% of coins and tokens listed on CoinGecko since 2014 are now considered “dead.”
- Cryptocurrencies launched in 2021 have the highest failure rate, with over 70% failing within three years.
- Projects from the 2020-2021 bull run account for 53% of all dead cryptocurrencies, totaling 7,530 projects.
Cryptocurrency data aggregator CoinGecko reveals that over 50% of all the coins and tokens listed since 2014 have ceased operations or become entirely worthless. This translates to a staggering 14,039 “dead coins” out of the more than 24,000 ever listed on the platform.
Number of deactivated cryptocurrencies on CoinGecko, 2014-2023
The study, conducted by CoinGecko, examines the overall count of coins and tokens collectively known as ‘cryptocurrencies’ once listed on their platform, categorizing them as ‘dead’ or ‘failed.’ The analysis spans from 2014 to 2023.
Cryptocurrencies launched in 2021 exhibit the highest rate of dead coins, with over 70% (5,724 projects) failing within just three years. Following closely is 2022, witnessing a failure rate of approximately 60% (3,520). However, a glimmer of hope emerges in 2023, with less than 10% (289) of listed projec…
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