超過50％的加密代幣失敗了

最近的一份報告顯示，過去五年中，所有加密代幣中有50％以上失敗了，在過去一年中，令牌生存能力顯著降低。

A recent report by CoinGecko has revealed a stark statistic: over 50% of all crypto tokens have failed in the past five years.

Coingecko最近的一份報告揭示了一個鮮明的統計數據：過去五年中，所有加密代幣中有50％以上失敗了。

The study, published on Wednesday, examined the Decentralized Exchange (DEX) tracker, GeckoTerminal, to identify the total number of crypto tokens once listed in the DEX tracker with one trade or more before going defunct.

這項研究於週三發表，研究了分散的交易所（DEX）跟踪器Geckoterminal，以確定曾經在DEX跟踪器中列出的加密代幣總數，並在倒閉之前使用一項或更多貿易。

Since 2021, nearly 7 million tokens have been registered in the real-time tracker, which aims to index all cryptocurrency data and provide easy access to market information. However, 3.7 million cryptocurrencies are no longer actively traded and considered to have failed.

自2021年以來，已在實時跟踪器中註冊了近700萬個令牌，該標記旨在索引所有加密貨幣數據並輕鬆訪問市場信息。但是，370萬個加密貨幣不再積極交易，並被認為失敗了。

As a result, 52.7% of all examined crypto died, with 86.5% failing between 2024 and early 2025.

結果，在所有檢查的加密貨幣中，有52.7％死亡，在2024年至2025年初之間，有86.5％的失敗。

According to the report, 49.7% of all recorded project failures between July 2021 and March 2025 occurred in the first quarter of this year. By March 31, 1.8 million tokens had collapsed, representing the highest number of failures recorded in a single year.

根據該報告，在2021年7月至2025年3月之間所有記錄的項目失敗中有49.7％發生在今年的第一季度。到3月31日，有180萬個令牌已經崩潰，這是一年中記錄的最多失敗數量。

In 2024, nearly 1.4 million crypto projects failed, accounting for 37.7% of all collapses during the analyzed period. The number of failing projects has significantly increased from 0.5% in 2021 to 25% in 2025’s first three months.

2024年，將近140萬個加密項目失敗了，在分析期間佔所有倒塌的37.7％。失敗的項目數量已從2021年的0.5％顯著增加到2025年前三個月的25％。

Nonetheless, CoinGecko noted that 2024 has the highest number of launches, seeing over 3 million new projects deployed in the crypto market. Since 2021, the total number of projects has skyrocketed by around 1,550%, going from 428,383 listed projects on GeckoTerminal to nearly 7 million crypto projects.

儘管如此，Coingecko指出，2024年的發布數量最多，在加密貨幣市場中部署了超過300萬個新項目。自2021年以來，項目的總數飆升了約1,550％，從428,383個上市項目到壁虎的項目到近700萬個加密項目。

Memecoin Frenzy Responsible For Most Failures?

Memecoin Frenzy負責大多數失敗？

The massive increase in token launches was largely fueled by the launch of the Solana-based memecoin launchpad Pump.fun, which massively streamlined the process of creating and deploying tokens. The platform’s creation led to a “flood of meme coins and low-effort projects” entering the market.

總部位於Solana的Memecoin Launchpad Pump.Fun的推出，代幣發射的大量增長在很大程度上助長了，該產品大大簡化了創建和部署代幣的過程。該平台的創建導致進入市場的“模因硬幣和低勞動項目”。

Notably, the start of this cycle’s memecoin frenzy saw the launch of hundreds of PolitiFi tokens, celebrity tokens, and scam tokens, many of which reached market capitalizations of over $200-300 million in record time.

值得注意的是，這個週期的紀念狂潮開始的開始是，數百個政治令牌，名人令牌和騙局的發射啟動，其中許多人在創紀錄的時間內達到了超過200-3億美元的市值。

The report highlighted that crypto failures were in the low six digits before Pump.fun’s launch, with only 12.6% of all dead tokens between 2021 and 2023. By July 2024, reports revealed most celebrity memecoins had crashed over 90% since launch, with the majority essentially “dead.”

該報告強調，加密貨幣失敗在泵前的六位數中處於低位。 FUN的發布，只有12.6％的死亡令牌在2021年至2023年之間。到2024年7月，報告顯示，自從發布以來，大多數名人的成員墜毀了90％以上，大多數人本質上是“死了”。

Amid the Q1 market retraces, most cryptocurrencies have seen a sharp price decline, with some of the strongest tokens retesting monthly and yearly lows.

在第一季度市場回顧中，大多數加密貨幣的價格下降急劇下降，一些每月和年度最強的標記重新測試。

The recent nosedive in token survivability could be related to the market exhaustion and market turbulence, which coincided with the launch of the official TRUMP and MELANIA memecoins and the LIBRA token scandal.

最近的代幣生存能力的鼻子可能與市場疲憊和市場動盪有關，這與官方的特朗普和梅拉尼亞·梅肯（Melania Memecoins）和天秤座代幣醜聞的推出相吻合。

“This sharp decline in token survivability may be linked to broader market turbulence, particularly following Donald Trump’s inauguration in January 2025, which coincided with a downturn in the crypto market,” the report concluded.

報告總結說：“令牌生存能力的急劇下降可能與更廣泛的市場動盪有關，尤其是在唐納德·特朗普（Donald Trump）在2025年1月就職典禮之後，這與加密貨幣市場的低迷相吻合。”