Author: Coingecko Compiled by: Centreless
Abstract:
The Coingecko report shows that the crypto narrative in 2024 presents a diverse and rapidly changing landscape, with MEME coins and AI narratives becoming the biggest winners. Meanwhile, the rise of RWA, DePIN, and specific ecosystems such as Solana and Base.
Coingecko recently released the latest data, ranking the popularity of crypto narratives this year. This year, MEME coins have become the absolute focus of the market, accounting for 30.67% of investor attention, with the top three most popular being MEME, AI, and RWA. This article will take you through the data behind this report.
MEME Coins: The Dominant Narrative
The MEME coin narrative ranked first in 2024 with a market attention of 14.36%, up 6.04 percentage points from last year's 8.32%, showing that investor enthusiasm for these assets remains high.
Not only the mainstream MEME coin narrative, but as many as 25 sub-trends have also attracted a lot of attention, including Solana MEME coins (7.65%, ranked 4th), Base MEME coins (2.13%, ranked 11th), AI MEME coins (1.49%, ranked 15th), and cat-themed MEME coins (1.19%, ranked 16th). From Dogecoin to Catcoin, to AI-themed MEME coins, investors' interest in these high-risk, high-return assets has not diminished but increased.
Artificial Intelligence (AI) Ranks Second
The AI narrative ranked second with a total attention of 15.67%, with the overall AI narrative accounting for 12.58%. Although this is up 1.26 percentage points from last year's 11.32%, the popularity of AI still lags behind MEME coins.
Notably, AI sub-narratives such as AI Agents (1.17%, ranked 17th) have also successfully entered the top 20, indicating that the market remains optimistic about the future development of AI technology.
RWA and DePIN: Emerging Narratives
The narratives of Real-World Assets (RWA) and Decentralized Physical Infrastructure Networks (DePIN) have seen a significant increase in popularity in 2024. The attention to the RWA narrative increased from 6.48% last year to 8.64%, rising from 6th to 3rd place.
DePIN, on the other hand, rose from 13th to 8th, with an increase of 1.56 percentage points in attention. These data reflect the market's growing interest in application scenarios that combine on-chain and physical world applications.
Solana and Base Ecosystems: Expanding Market Share
The Solana narrative attracted 14.30% of market attention in 2024, close to the AI narrative, becoming an important player in the crypto market. The dual support of Solana MEME coins (7.65%) and the Solana ecosystem (5.78%) has solidified its position. The Base ecosystem, on the other hand, ranked 9th with 2.68%, and the popularity of Base MEME coins has also added to its overall share, reaching 4.87%.
Gaming Narrative and Other Trends
Meanwhile, the gaming narrative lost some of its heat in 2024, with its market attention dropping from 10.49% last year to 3.72%. In contrast, infrastructure-related narratives such as Layer 1 (3.51%), Layer 2 (2.25%), and DeFi (1.87%) have remained relatively stable.
2023: AI Narrative Dominates, MEME Coins Show Potential
In 2023, the focus of the crypto market was mainly on the AI narrative, which ranked first with a market attention of 11.32%, showing investors' high expectations for technology-driven future. At the same time, the MEME coin narrative, although only ranked 3rd (8.32%), has already begun to show its heat, laying the foundation for its explosion in 2024.
