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Source: Blockchain Knight
Memecoins dominated Crypto asset coverage in 2024, according to a report by CoinGecko.
This proportion has increased nearly four times compared to last year, when the topic attracted only 8.32% of investors in 25 reports.
The rise of Memecoins was initially driven by dog-themed tokens, but expanded into new areas in 2024, including animals and personality-themed tokens.
The report said the trend highlights investors’ preference for speculative opportunities, that is, cultural virality takes precedence over traditional fundamentals.
Memecoin launch pool Pump.fun can be used as a representative of the success or failure of these tokens.
According to user evelyn223’s Dune Analytics dashboard, nearly 5 million new Memecoins were deployed on Solana alone this year, and the platform received more than $335 million in fees.
Memecoin narrative ranks first in Crypto asset narrative, accounting for 14.36% of the investor share.
In addition, there are four Memecoin trends in the top 20: Solana Memecoin (7.65%), Base Memecoin (2.13%), Artificial Intelligence Memecoin (1.49%) and Cat Theme Memecoin (1.19%).
According to Artemis, Memecoins is the third most profitable Crypto asset in 2024, with an average annual return of 201%.Its earnings are also higher than the market’s average rate of return of 128%.
This year, the development of artificial intelligence technology has raised investors’ expectations for the intersection between artificial intelligence and blockchain.
As a result, this became a hot trend in the Crypto asset community, accounting for 15.67% of the mental share in six narratives.
The core AI ecosystem is responsible for most trends, ranking second in the overall trend with a share of 12.58%, up 1.26% from last year.
AI-related trends such as AI agents (1.17%) and AI Memecoin (1.49%) have further contributed to the growth of the technology’s influence in Crypto assets.
However, this year, popularity in the Memecoins field has risen sharply, with performance in artificial intelligence being eclipsed.
In addition, the AI token’s performance this year was negative 11.6%, mainly due to Worldcoin’s WLD fell by 39%.
Real-world Assets (RWA) narrative gained traction, climbing to third place with 8.64% share of investor interest, an increase of 2.16% from 2023.
Similarly, the Decentralized Physical Infrastructure Network (DePIN) also rose from 13th to 8th, with a share of 1.56%.
In contrast, the share of blockchain games (GameFi) has declined, from 10.49% in 2023 to 3.72% in 2024, reflecting that people’s interest in game-related blockchain applications is weakening.
The RWA sector has an average annual yield of 1755%, mainly due to the rise of Mantra’s OM token by 6520%.
Therefore, the average rate of return of tokens in this field is exaggerated.
Meanwhile, DePIN tokens jumped 30% during the same period, while the average performance of gaming tokens was negative 23.4%.
The blockchain ecosystem has also attracted a lot of attention in 2024, with narratives related to Solana and Base becoming increasingly prominent, with Memecoins playing a key role.
Driven by Solana Memecoins (7.65%) and wider ecosystem interest (5.78%), Solana’s report accounts for a total of 14.30%.
Driven by the Base ecosystem and Base Memecoins, Base reports account for 4.87%.
