Soaring Crypto Project Count Linked to Debut of Pump.fun, Reveals CoinGecko Data
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Latest Spill:The surge in cryptocurrency projects over the past four years has skyrocketed, with new data from CoinGecko showing a mind-blowing 1,550% increase in projects listed since 2021. Only 428,383 projects graced the scene in 2021, but by 2025, that number blew up to about 7 million [1][5]!
The star of the show? Pump.fun, a Solana-backed cryptocurrency launchpad! By eliminating many technical and capital barriers, it made it straightforward for anyone to drop their memecoins and low-effort projects like hot potatoes [5].
In fact, Dune data reveals that Pump.fun has birthed more than 10 million tokens since last year. Impressive, right? But remember, not all of these projects end up succeeding [3][4].
Do you know what's even more impressive? Over 52% of these projects have bitten the dust, with a majority of failures happening in 2024 and early 2025. In Q1 of 2025 alone, a whopping 49.7% of all recorded project failures happened [3][4]. Some researchers point to broader market turbulence, especially after Donald Trump's inauguration in 2025, as a potential culprit for this massive failure rate [4].
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- The rise in cryptocurrency projects has been astronomical, showing a staggering 1,550% increase since 2021, with around 7 million projects currently listed.
- Pump.fun, a Solana-backed cryptocurrency launchpad, has been particularly influential, making it easy for anyone to deploy their own memecoins and other projects.
- It's important to note that not all of these newly deployed altcoins will be successful, as over 52% of them have failed, with the majority of failures occurring in 2024 and early 2025.
- A disclaimer: The Daily Hodl does not endorse or promote any specific cryptocurrency or project and encourages readers to do their own research before investing in any cryptocurrency or blockchain-based asset.
