加密货币市场在2025年第一季度发生了巨大的令牌激增

根据一份Coingecko报告，在今年的前三个月中，超过180万个加密代币被放弃或失败。自2021年以来，该数字代表了记录的所有令牌失败的一半（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.

根据Coingecko的一份报告，加密货币市场在2025年第一季度的失败令牌激增，近200万个数字资产崩溃了。

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.

报告指出，在今年的头三个月中，超过180万个加密代币被放弃或失败。自2021年以来，该数字代表了记录的所有令牌失败的一半（49.7％）。

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

将时间表扩展到包括2021年至2025年的数据时，超过360万个令牌失败了。

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将这种崩溃的大部分归因于Memecoins的爆炸性增长，以及越来越多地使用了简化的令牌创建平台，例如基于Solana的泵。FUN平台，该平台在2024年获得了吸引力。

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.

根据Coingecko的说法，Pump.Fun在使2024年成为加密项目失败的第二年中至关重要。该公司指出，去年将近140万个令牌关闭，在过去五年中，约占总关闭的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.

同时，2024年也看到了代币创建的巨大飙升，有超过300万个新令牌进入市场。

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，这种数量的激增并没有带来可持续的增长。这些令牌中的许多缺乏明确的用例，强大的社区或长期的生存能力。取而代之的是，它们是迅速推出的，通常是作为投机性资产，几乎没有考虑到他们的发展或寿命。

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.

同时，在像泵这样的平台获得动力之前，令牌故障率仍然相对较低。在2021年至2023年之间，关闭仅占五年来所有令牌死亡人数的12.6％。