Coingecko Reports 14 Thousand Crypto Assets Dead Since 2014
Approximately 58% of all crypto assets have faced failure. Out of over 24,000 crypto assets listed on CoinGecko since 2014, a total of 14,039 have become inactive.
More Than 14 Thousand Crypto Assets Have Died Since 2014
According to CoinGecko, there are records of over 24,000 crypto assets listed since 2014. Among them, 14,039 crypto assets have been declared dead, representing around 58% of the total registered crypto assets.
The criteria for declaring a crypto asset "dead" or inactive include when the asset has not recorded any trading volume in the last 30 days, proven rug pull or scam, and an official statement confirming the discontinuation of the project associated with the respective crypto asset.
Most of the crypto assets that have died originated from projects launched during the bull run period of 2020-2021. A total of 7,530 crypto assets from this period have become inactive. Out of over 11,000 crypto assets listed on CoinGecko during the 2020-2021 period, approximately 68% of them are now inactive.
In comparison, 1,450 crypto assets launched during the bull run of 2017-2018 were declared dead. During the same period, over 3,000 listed crypto assets resulted in a failure rate of around 48%.
The number of dead crypto assets during the bull run period of 2020-2021 is considered the highest. This may be attributed to the ease of token creation and the increasing popularity of meme coins. Many meme coin projects were launched without a product, with the majority of them being abandoned in a short period.
Based on the year of crypto asset launch, the year 2021 recorded the worst fate, with 5,724 assets declared dead as of January 2024. This is followed by crypto assets listed in 2022, with 3,520 being inactive up to the present.
In the previous year, 2023, only 289 crypto assets listed on CoinGecko in that year have died. This represents a failure rate of less than 10% with over 4,000 crypto assets listed in 2023.
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*Disclaimer:
This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.
