CoinGecko Data: Since 2021, 13.4 million cryptocurrencies have "died" (accounting for 53.2% of the 25.2 million tracked). In 2025, 11.6 million failed, with a surge of 7.7 million in Q4 (after October's liquidation wave). Highlighting the scarcity of the $BTC network, liquidity is concentrated in a few networks.
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CoinGecko Data: Since 2021, 13.4 million cryptocurrencies have "died" (accounting for 53.2% of the 25.2 million tracked). In 2025, 11.6 million failed, with a surge of 7.7 million in Q4 (after October's liquidation wave). Highlighting the scarcity of the $BTC network, liquidity is concentrated in a few networks.