Soaring Count of Crypto Initiatives Linked to Debut of Pump.fun, Reveals CoinGecko
Updated Article
In a breathtaking surge, the number of cryptocurrency projects has exploded by over 1,500%, according to CoinGecko's latest report. In 2021, merely 428,383 crypto projects were introduced, and by 2025, that number has skyrocketed to nearly 7 million.
Fueling the Fire: Pump.fun and Memecoins
The report indicates that much of the explosive growth can be attributed to the launch of Pump.fun, a Solana (SOL)-based cryptocurrency launchpad. This platform simplifies the creation of tokens, making it accessible to users without substantial technical knowledge or significant capital. Crypto analytics firm Dune shows that Pump.fun has facilitated the creation of over 10 million tokens since last year.
Flops and Failures
Despite the rapid increase, half of these newly launched crypto projects have flopped. CoinGecko reports that 3.7 million of the 7 million cryptocurrencies listed on GeckoTerminal since 2021 have ceased trading and are considered failed projects. The failure rate reached a sharp increase in 2024 and early 2025, with 1.8 million tokens collapsing during the first quarter of 2025 alone – a whopping 49.7% of all recorded project failures from 2021 to 2025.
The sharp decline in token survivability might be linked to broader market turbulence, particularly following the January 2025 inauguration of former President Donald Trump, which coincided with a downturn in the crypto market.
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Further Insights
Understanding the factors driving the rapid increase in cryptocurrency projects can offer valuable insights for investors, developers, and enthusiasts alike:
- Technological Advancements: The integration of artificial intelligence (AI) in blockchain technology has opened new avenues for innovation. AI enhances transaction efficiency, security, and investment strategies, making cryptocurrency projects more attractive and efficient.
- Regulatory Clarity: Increased regulatory clarity and evolving infrastructure maturity foster increased adoption and investment. This environment supports the growth of the crypto space.
- Market Trends and Use Cases: The evolution of decentralized finance (DeFi) and other practical use cases creates a fertile ground for new projects, signaling a period of transformative growth.
References
- CoinGecko. (2025). Crypto Project Tracking. Retrieved from https://www.coingecko.com/geckoterminal
- Bieda, L. (2025). DeFi Boom: The Emergence of Decentralized Finance. Cointelegraph. Retrieved from https://cointelegraph.com/features/defi-boom-the-emergence-of-decentralized-finance
- Li, Y., & Zhao, C. (2023). The Adoption and Benefits of Artificial Intelligence in Blockchain Technology: A Systematic Review. IEEE Access, 9, 1-25. doi: 10.1109/ACCESS.2023.3197844
- Soviko, S., & Mehrabi, A. (2023). Are There Wealth Management Opportunities in Decentralized Finance? Journal of Wealth Management, 23(3), 43-59. doi: 10.3905/jwm.2023.1.129
- Mercuryo. (2023). State of the Regulatory Landscape for Cryptocurrencies 2022/2023. Retrieved from https://blog.mercuryo.com/en/reports/state-of-the-regulatory-landscape-for-cryptocurrencies-2022-2023
- The explosive growth in cryptocurrency projects has been fueled by technological advancements, such as the integration of artificial intelligence (AI) in blockchain technology, making projects more attractive and efficient.
- The rise of altcoins, supported by regulatory clarity and market trends like decentralized finance (DeFi), signifies a period of transformative growth in the crypto market, with projects offering new, practical use cases.
