Bitget Daily Market Information: Solana sector leads the gains, SILLY 24-hour increase of 15.5%

Since 2021, millions of crypto tokens have failed, with a staggering number of these collapses occurring recently. According to fresh data from the crypto analytics platform GeckoTerminal, nearly half of all token failures—1.8 million—occurred in just the first quarter of 2025. In 2024, another 1.4 million tokens were abandoned, accounting for 37.7% of total failures since 2021. Combined, these two periods represent the vast majority of token wipeouts in the crypto market.

Plaza Finance has launched the first programmable derivative tokens on Base, introducing bondETH and levETH, a new class of on-chain financial instruments designed to offer innovative Ethereum investment strategies in the DeFi space.

According to reports citing Senate Majority Leader John Thune, the U.S. Senate is preparing to take up stablecoin legislation before the Memorial Day recess on May 26.