According to one report, Memcoins will dominate 31% of crypto narratives in 2024. report by CoinGecko.
This represents an almost 4-fold growth compared to last year, which satisfied only 8.32% of investors out of 25 narratives.
The rise of memecoins, initially led by dog-themed coins, expanded into new areas in 2024, including animal and character-themed tokens.
According to the report, this trend reflects the desire of investors for speculative opportunities, who prefer cultural virality over traditional principles.
memecoin launch repository pump entertaining It can be used as a proxy for the success of these tokens. Nearly 5 million new memecoins were deployed Solana This platform alone has received more than $335 million in fees this year. according to to one Dune analysis Dashboard By user evelyn223.
The initial memecoin narrative took the top spot among crypto narratives, capturing 14.36% of investor sentiment.
Also, four memecoin trends made the top 20: Solana Memecoins (7.65%), Basic Memecoins (2.13%), Artificial Intelligence Memecoins (1.49%), and Cat-Themed Memecoins (1.19%).
according to data From Artemis, memecoins showed the third most profitable narrative in 2024, generating an average annual return of 201%. Profits were also higher than the market's average return of 128%.
The best artificial intelligence tokens
This year's growth in artificial intelligence (AI) technologies has raised investor expectations about the intersection between artificial intelligence and blockchain. As a result, it became a hot trend in the crypto community, capturing 15.67% of public opinion across six accounts.
The core AI ecosystem was the most popular, with a 12.58% share, the second most popular overall, up 1.26% from last year.
AI-related trends, such as AI agents (1.17%) and AI memecoins (1.49%), further contributed to the technology's growing influence in crypto.
However, the rise in popularity of memecoins this year has overshadowed the AI narrative with much better performance. In addition, AI tokens had a negative performance of 11.6% this year, mainly due to Worldcoin WLD 39% decrease
Growing narratives
Real World Assets (RWA) narrative rose 2.16% from 2023 to third place with 8.64% share from investors.
Similarly, Decentralized Physical Infrastructure Networks (DePIN) rose from 13th place to 8th place and its share increased by 1.56%.
In contrast, the blockchain gaming narrative (GameFi) declined, dropping from a 10.49% share in 2023 to only 3.72% in 2024, indicating a decline in interest in game-related blockchain applications.
The RWA segment has grown at an average annual rate of 1,755%, mainly due to Mantra's 6,520% increase. about As a result, the average yield of tokens in this sector was inflated.
Meanwhile, DePIN tokens jumped 30% over the same period, while gaming tokens averaged a negative performance of 23.4%.
Solana and Bess shine
Blockchain ecosystems also gained significant attention in 2024, with narratives related to Solana and Base gaining prominence, and Memcoins playing a key role.
Solana Narratives took a 14.30% share, led by Solana memecoins (7.65%) and broader ecosystem interest (5.78%).
Basic Narratives is a total of 4.87%, fueled by the basic ecosystem and basic memecoins.
