Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko
The number of crypto projects that launched over the past four years has skyrocketed by over 1,500%, according to new data from the leading market aggregator CoinGecko.
In a new report, CoinGecko says only 428,383 crypto projects were launched in 2021 and listed on the decentralized exchange (DEX) tracker GeckoTerminal.
But by 2025, that number has surged to nearly 7 million.
CoinGecko says much of the explosive growth is linked to Pump.fun, a Solana (SOL)-based cryptocurrency launchpad that enables users to deploy memecoins without extensive technical knowledge and significant capital.
Data from crypto analytics firm Dune shows that the platform has facilitated the creation of more than 10 million tokens since last…
