加密貨幣市場在2025年第一季度發生了巨大的令牌激增

根據一份Coingecko報告，在今年的前三個月中，超過180萬個加密代幣被放棄或失敗。自2021年以來，該數字代表了記錄的所有令牌失敗的一半（49.7％）。

The crypto market saw a dramatic surge in failed tokens during the first quarter of 2025, with nearly 2 million digital assets collapsing, according to a CoinGecko report.

根據Coingecko的一份報告，加密貨幣市場在2025年第一季度的失敗令牌激增，近200萬個數字資產崩潰了。

More than 1.8 million crypto tokens were abandoned or failed in this year’s first three months, the report noted. This number represents nearly half (49.7%) of all token failures recorded since 2021.

報告指出，在今年的頭三個月中，超過180萬個加密代幣被放棄或失敗。自2021年以來，該數字代表了記錄的所有令牌失敗的一半（49.7％）。

When the timeline is expanded to include data from 2021 to 2025, more than 3.6 million tokens have failed.

將時間表擴展到包括2021年至2025年的數據時，超過360萬個令牌失敗了。

CoinGecko attributes much of this collapse to the explosive growth of memecoins and the increasing use of simplified token creation platforms like the Solana-based Pump.fun platform, which gained traction in 2024.

Coingecko將這種崩潰的大部分歸因於Memecoins的爆炸性增長，以及越來越多地使用了簡化的令牌創建平台，例如基於Solana的泵。 FUN平台，該平台在2024年獲得了吸引力。

According to CoinGecko, Pump.fun was pivotal in making 2024 the second-worst year for crypto project failures. The firm noted that nearly 1.4 million tokens shut down last year, translating to about 37.7% of total shutdowns during the past five years.

根據Coingecko的說法，Pump.Fun在使2024年成為加密項目失敗的第二年中至關重要。該公司指出，去年將近140萬個令牌關閉，在過去五年中，約佔總關閉的37.7％。

At the same time, 2024 also saw a massive spike in token creation, with more than 3 million new tokens entering the market.

同時，2024年也看到了代幣創建的巨大飆升，超過300萬個新令牌進入市場。

However, this surge in volume did not bring sustainable growth. Many of these tokens lacked clear use cases, strong communities, or long-term viability. Instead, they were launched quickly, often as speculative assets, with little thought to their development or longevity.

但是，這種數量的激增並沒有帶來可持續的增長。這些令牌中的許多缺乏明確的用例，強大的社區或長期的生存能力。取而代之的是，它們是迅速推出的，通常是作為投機性資產，幾乎沒有考慮到他們的發展或壽命。

Meanwhile, before platforms like Pump.fun gained momentum, token failure rates remained relatively low. Between 2021 and 2023, shutdowns accounted for only 12.6% of all token deaths logged over the five years.

同時，在像泵這樣的平台獲得動力之前，令牌故障率仍然相對較低。在2021年至2023年之間，關閉僅佔五年來所有令牌死亡人數的12.6％。