#CoinGecko : Meme coin narratives gain 1,313% during Q1

In Q1 2024, the #cryptocurrency market saw dynamic performance across sectors, with meme coins, real-world assets, and AI tokens leading in profitability.

Meme coins delivered remarkable returns, averaging 1,312% across top tokens. New entrants like Brett (BRETT) and BOOK OF MEME (BOME) saw impressive gains, with Brett leading at 7,727%.

Real World Asset (RWA) tokens, linked to physical assets/utilities, secured the second position with a 285% return. MANTRA (OM) and TokenFi (TOKEN) led, gaining 1,074% and 419% respectively.

AI tokens performed strongly, averaging 222% returns. AIOZ Network (AIOZ) and Fetch.ai (FET) led the sector with gains of 480% and 378%.

#DEFI and DePIN narratives saw moderate gains. DeFi rose 98.9%, with Ribbon Finance (RBN) recording a 430% gain. DePIN closed with an 81% return, led by Arweave (AR) and Livepeer (LPT).

#Layer1 (L1), GameFi, and #Layer2 (L2) narratives lagged. L1 saw a 70% return, with Solana ($SOL ) leading but being outpaced by Toncoin (TON) and Bitcoin Cash ($BCH ). GameFi and L2 posted returns of 64.4% and 39.5% respectively, with Ethereum L2s like Arbitrum (ARB), Polygon ($MATIC ), and Optimism (OP) underperforming.

Source - crypto.news