According to research by cryptocurrency platform CoinGecko, more than half of the cryptocurrency projects ever launched have died.
Total on its platform since 2014 more than 24 thousand CoinGecko, which lists cryptocurrencies, 14 thousand 39 of them are no longer active explained.
dead projects more than half In 2020-2021 during the bull run reportedly entered the market. Projects in this period 7 thousand 530 While it was removed from the market, it was one of the projects in the 2017-2018 bull run. 1450 of them He was declared dead.
According to the CoinGecko report, the fact that so many projects died in the 2020-2021 period, Making tokens easier And popularity of meme coins It can be explained by .
Among the cryptocurrency projects launched in 2022: 3 thousand 520 of them is no longer active. On the other hand, from the projects in 2023 289 of them It was stated that it is no longer active.