Summary:
Coingecko recently released a report revealing that the narratives in the crypto market for 2024 are becoming increasingly diverse and rapidly changing, with Meme coins and AI being the biggest winners. At the same time, narratives like RWA, DePIN, and ecosystems like Solana and Base are also emerging.
The report mentions that this year Meme coins became the absolute focus of the market, attracting the attention of 30.67% of investors. According to the report, the three most popular narratives are Meme, AI, and RWA. Next, let's take a closer look at the data behind this report.
Meme Coins: Leading the Market's Number One Narrative
In 2024, Meme coins have become the biggest focus of the market, with market attention reaching 14.36%, an increase of 6.04 percentage points compared to last year's 8.32%, indicating that investor interest in this type of asset continues to rise.
Not only mainstream Meme coins, but in fact, as many as 25 related sub-trends have also attracted considerable attention. For instance, Solana Meme coins (7.65%) ranked 4th, Base Meme coins (2.13%) ranked 11th, AI Meme coins (1.49%) ranked 15th, and cat-themed Meme coins (1.19%) ranked 16th. From Dogecoin to Cat coins, and then to AI-themed Meme coins, investors are increasingly interested in these high-risk, high-return assets.
Artificial Intelligence (AI): Ranked second, maintaining its popularity
AI narratives ranked second with an attention share of 15.67%, of which pure AI narratives accounted for 12.58%. Although this is an increase compared to last year's 11.32%, it still lags behind the popularity of Meme coins.
It is worth mentioning that the sub-narrative of AI—such as AI agents (1.17%) has also entered the top 20, indicating that the market remains confident in the future potential of AI technology.
RWA and DePIN: The Potential Narrative Gradually Rising
The popularity of Real World Assets (RWA) and Decentralized Physical Infrastructure Networks (DePIN) has significantly increased in 2024. The attention for RWA grew from last year's 6.48% to 8.64%, rising from 6th to 3rd place.
DePIN has also risen from 13th to 8th place, with an increase of 1.56 percentage points in attention. It is evident that the market is increasingly focused on application scenarios that combine on-chain and real-world elements, showing great potential for the future.
Solana and Base Ecosystems: Accelerating Market Share Expansion
The Solana narrative attracted 14.30% of market attention in 2024, nearing the AI narrative, becoming an important force in the crypto market. The dual support of Solana Meme coins (7.65%) and the Solana ecosystem (5.78%) has allowed it to secure a solid position in the market. The Base ecosystem ranked 9th with 2.68%, while the popularity of Base Meme coins also contributed positively, bringing the overall share to 4.87%.
Gaming Narratives and Other Trends
Although the market attention for gaming narratives in 2024 has decreased from last year's 10.49% to 3.72%, infrastructure narratives such as Layer 1 (3.51%), Layer 2 (2.25%), and DeFi (1.87%) have remained relatively stable.
2023 Review: AI Narratives Dominate, Meme Coins Show Initial Potential
Looking back at 2023, the focus of the cryptocurrency market was primarily on AI narratives, which ranked first in the market with an attention share of 11.32%, reflecting strong investor expectations for a technology-driven future. While Meme coins ranked third with 8.32%, their popularity began to emerge, laying the groundwork for an explosion in 2024.
