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Written by: Coingecko Compiled by: Centreless
summary:
Coingecko’s report shows that crypto narratives in 2024 are showing a diverse and rapidly changing pattern, with Meme coin and AI narratives becoming the biggest winners.Meanwhile, the rise of RWA, DePIN, and specific ecosystems such as Solana and Base.
Recently, Coingecko released the latest data, ranking the popularity of crypto narrative this year.This year, Meme coins have become the absolute focus of the market, accounting for 30.67% of investors’ attention. The top three most popular ones are Meme, AI, and RWA. This article will take you to discuss the data behind this report.
Meme Coin: The top narrative that dominates the market
Meme Coin Narrative ranked first in 2024 with 14.36% market attention, up 6.04 percentage points from last year’s 8.32%, indicating that investors’ enthusiasm for such assets continues to rise.
Not only the mainstream Meme coin narrative, as many as 25 sub-trends have also attracted a lot of attention, including Solana Meme coin (7.65%, ranking 4), Base Meme coin (2.13%, ranking 11), and AI Meme coin (1.49%, ranked 15th) and Cat Theme Meme Coin (1.19%, ranked 16th).From Dogecoin to Catcoin, to AI-themed Memecoin, investors’ interest in such high-risk and high-return assets has increased instead of decreasing.
Artificial Intelligence (AI) ranks second
AI narrative ranked second with a total attention of 15.67%, with the overall AI narrative accounting for 12.58%.Although it is up 1.26 percentage points from last year’s 11.32%, the popularity of AI is still lagging behind Meme coins.
It is worth noting that AI’s sub-narratives such as AI agents (1.17%, ranking 17th) have also successfully entered the top 20, indicating that the market continues to be optimistic about the future development of AI technology.
RWA and DePIN: The Rise of Potential Narrative
The popularity of real-world assets (RWA) and decentralized physical infrastructure networks (DePIN) narratives has increased significantly in 2024.RWA narrative attention increased from 6.48% last year to 8.64%, and jumped from 6 to 3rd place.
DePIN rose from 13th to 8th, with an increase of 1.56 percentage points.These data reflect the market’s increasing interest in application scenarios that combine with the physical world on the chain.
Solana and Base ecosystems: expanding market share
Solana narrative attracted 14.30% of market attention in 2024, approaching AI narrative, becoming an important role in the crypto market.The dual support of Solana Meme Coin (7.65%) and Solana ecosystem (5.78%) have consolidated its position.The Base ecosystem ranks 9th with 2.68%, and the popularity of Base Meme coins has also added a lot of color to it, accounting for 4.87%.
Game narrative and other trends
Meanwhile, the game narrative lost some of its popularity in 2024, with market attention falling from 10.49% last year to 3.72%.In contrast, infrastructure narratives such as Layer 1 (3.51%), Layer 2 (2.25%) and DeFi (1.87%) remain relatively stable.
2023: AI narratives take the lead, Meme coin potential begins to show
In 2023, the focus of the cryptocurrency market was mainly on the artificial intelligence (AI) narrative, which ranked first with 11.32% market attention, showing investors’ high expectations for technology-driven future.At the same time, although Meme currency narrative only ranks third (8.32%), its popularity has begun to emerge, laying the foundation for the outbreak in 2024.
