Source: cryptoslate
Compiled by: Blockchain Knight
According to a report by CoinGecko, Memecoins accounted for 31% of the dominance in Crypto asset reporting in 2024.
Compared to last year, this proportion has grown by nearly 4 times, when this topic only attracted 8.32% of investors in 25 reports.
The rise of Memecoins was initially driven by dog-themed tokens, but expanded to new areas in 2024, including animal and personality-themed tokens.
The report indicates that this trend highlights investors' preference for speculative opportunities, with cultural virality taking precedence over traditional fundamentals.
The Memecoin launchpad Pump.fun can be seen as a representation of the success or failure of these tokens.
According to the Dune Analytics dashboard of user evelyn223, nearly 5 million new Memecoins were deployed on Solana alone this year, generating over $335 million in fees.
The Memecoin narrative dominates the Crypto asset narrative, accounting for 14.36% of investor share.
Additionally, four Memecoin trends have made it into the top 20: Solana Memecoins (7.65%), Base Memecoins (2.13%), AI Memecoins (1.49%), and Cat-themed Memecoins (1.19%).
According to Artemis data, Memecoins were the third most profitable Crypto asset in 2024, with an average annual return of 201%, outperforming the market's average return of 128%.
This year, the development of AI technology has increased investor expectations for the intersection of AI and blockchain.
As a result, this has become a hot trend in the Crypto asset community, occupying 15.67% of the mindshare in six narratives.
The core AI ecosystem is responsible for the majority of popular trends, ranking second in overall popular trends with a 12.58% share, up 1.26% from last year.
AI-related trends, such as AI agents (1.17%) and AI Memecoins (1.49%), have further contributed to the growing influence of this technology in Crypto assets.
However, this year, the popularity of the Memecoins field has risen sharply, overshadowing the performance in AI.
Additionally, the performance of AI tokens this year was negative 11.6%, primarily due to a 39% drop in Worldcoin's WLD.
The Real World Assets (RWA) narrative has gained traction, rising to third place with an 8.64% investor interest share, up 2.16% from 2023.
Similarly, Decentralized Physical Infrastructure Networks (DePIN) have risen from 13th to 8th place, with a 1.56% increase in share.
In contrast, the share of blockchain gaming (GameFi) has declined from 10.49% in 2023 to 3.72% in 2024, reflecting a waning interest in blockchain-based gaming applications.
The RWA sector had an average annual return of 1755%, primarily due to a 6520% increase in Mantra's OM token.
As a result, the average returns of tokens in this sector have been exaggerated.
Meanwhile, DePIN tokens surged 30% during the same period, while gaming tokens had an average performance of negative 23.4%.
The blockchain ecosystem also attracted significant attention in 2024, with narratives related to Solana and Base becoming more prominent, with Memecoins playing a key role.
Driven by Solana Memecoins (7.65%) and broader ecosystem interest (5.78%), Solana's coverage accounted for 14.30% of the share.
Driven by the Base ecosystem and Base Memecoins, Base's coverage accounted for 4.87%.
