CoinGecko reports that a majority of tokens created since 2021 have ceased showing active trading and liquidity on public markets.

Key findings

According to CoinGecko, 53.2% of tokens launched from 2021 onward no longer exhibit trading activity or available liquidity on exchanges.

«Died»

This figure covers not only fraudulent schemes but also legitimate projects that failed to survive market competition and changing economic conditions.

Market shift in 2025

Analysts mark 2025 as a turning point, when more than 11.6 million tokens left active circulation during that year alone.

Observers link the 2025 decline to the end of a speculative cycle, reduced retail participation, and increased demands for demonstrable project utility.

Asset supply growth

Over a four-year span the total number of crypto assets rose from under 500 000 to almost 20 million, driven by simplified token deployments and a surge in meme-coin issuance.

• Simplified token creation lowered technical barriers for new projects and boosted issuance volumes.
• The meme-coin boom increased short-term launches, many of which later lost liquidity and trading interest.

CoinGecko’s data highlights a pronounced gap between the rapid expansion of token supply and the persistence of sustainable market activity for most new assets.