In 2025, the number of failed projects in a single year reached 11.6 million, accounting for 86.3% of the total failed projects over the past five years.



According to CoinGecko statistics, in the fourth quarter of 2025 alone, there were 7.7 million token collapses, accounting for 34.9% of all recorded failed projects.

Following closely is 2024, with nearly 1.4 million projects failing. Before the launch of 2024, the number of failed crypto projects was only in the six-figure range.
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