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Matthias Knab, Opalesque for New Managers: As of January 2026, there were roughly 9,000 cryptocurrencies listed on crypto exchanges, down 1,500 from the same month a year ago, when their number hit an all-time high of 10,500. And while many will say that 9,000 is still a massive number, that`s just a very small, filtered part of all on-chain tokens out there, many of which end in failure. In fact, the number of these projects in the crypto space has snowballed over the years, proving just how easy it is to create a new crypto.
According to data presented by Bestwallet.com, the number of failed crypto projects has surged nearly 4,500x since 2021, reaching a record 11.6 million last year. When you compare these failures to actively traded cryptocurrencies, the gap is almost unbelievable.
The Number of Failed Crypto Projects is 1,200x Higher Than the Number of Live Cryptocurrencies
Ever since the crypto boom in early 2022, the total number of cryptocurrencies has been floating between 8,500 and 10,000, with new tokens launching every time a bull run kicks off. In 2021, the market added roughly 1,000 new cryptos each month, bringing their total number to 10,400 by February 2022. Three years later, in March 2025, the market hit an all-time high with over 10,500 coins listed.
Although the number of cryptocurrencies has dropped by roughly 15% since then, landing at 8,970 this ...................... To view our full article Click here
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