Source: cryptoslate
Compiled by: Blockchain Knight
According to a report from CoinGecko, in 2024, Memecoins dominated 31% of crypto asset reporting.
Compared to last year, this proportion has grown nearly fourfold, when this theme attracted only 8.32% of investors across 25 reports.
The rise of Memecoins was initially driven by dog-themed tokens but expanded in 2024 to new areas, including animal and personality-themed tokens.
Reports indicate that this trend highlights investors' preference for speculative opportunities, with cultural virality prioritized over traditional fundamentals.
The Memecoin launch pool Pump.fun can serve as a representative of whether these tokens succeed or not.
According to user evelyn223's Dune Analytics dashboard, nearly 5 million new Memecoins were deployed on Solana alone this year, with the platform earning over $335 million in fees.
The Memecoin narrative occupies the leading position in crypto asset narratives, accounting for 14.36% of investor shares.
Additionally, four Memecoin trends made it into the top 20: Solana Memecoin (7.65%), Base Memecoin (2.13%), AI Memecoin (1.49%), and cat-themed Memecoin (1.19%).
According to data from Artemis, in 2024, Memecoins are the third most profitable crypto asset, with an average annual return of 201%. Their earnings also exceed the market's average return rate of 128%.
This year, advancements in AI technology have raised investor expectations regarding the intersection of AI and blockchain.
Consequently, this has become a hot trend in the crypto asset community, occupying 15.67% of the mental share among six narratives.
The core AI ecosystem is responsible for most of the popular trends, ranking second in overall popularity trends with a share of 12.58%, an increase of 1.26% from last year.
AI-related trends, such as AI agents (1.17%) and AI Memecoins (1.49%), further contributed to the growing influence of this technology in crypto assets.
However, this year, the popularity of Memecoins sharply increased, overshadowing the performance in artificial intelligence.
In addition, the performance of AI tokens this year is down 11.6%, mainly due to the 39% drop in Worldcoin's WLD.
The real-world asset (RWA) narrative gained traction, climbing to third place with an investor interest share of 8.64%, an increase of 2.16% from 2023.
Similarly, the decentralized physical infrastructure network (DePIN) rose from 13th to 8th place, with a share increase of 1.56%.
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 game-related blockchain applications.
The annual average return for the RWA sector is 1755%, primarily due to the 6520% rise in Mantra's OM token.
As a result, the average return rate of tokens in this sector has been exaggerated.
Meanwhile, DePIN tokens surged by 30% during the same period, while gaming tokens averaged a negative performance of 23.4%.
The blockchain ecosystem also attracted significant attention in 2024, with narratives related to Solana and Base becoming increasingly prominent, in which Memecoins played a key role.
Fueled by Solana Memecoins (7.65%) and broader ecosystem interest (5.78%), Solana's reporting accounted for a total share of 14.30%.
Driven by the Base ecosystem and Base Memecoins, reports on Base accounted for a total of 4.87%.
