The first half of this year has almost passed. Since Bitcoin broke through the last bull market and rose to a new high of 70,000, it has never seen any exciting glory again.

The market has fluctuated repeatedly in recent months, and the flag set at the beginning of the year to make money is also wavering slightly. In any case, the main rise in the bull market must not have come yet, and there will be times when opportunities are everywhere, so don't be anxious.

This node is very suitable for reflection and review. This article is a statistics and comparison of the return rates of different encryption tracks from 2024 to the present. It’s no longer an era of “picking up money”. Which track is the most profitable? You will know after reading this article.

1. What is the year-to-date revenue performance of different crypto markets?

Ranked by the average YTD (January 1, 2024 to June 21, 2024) price-to-reward ratio of the top 10 tokens in each track, data source is CoinGecko. The performance of the cryptocurrency track in the first half of 2024 is as follows.

Meme coins become the most profitable track

In recent months, "Value investing has been a bust, stud memes live in palaces" has gradually become one of the "coin speculation mantras" of this bull market.

After statistics, there is no doubt that meme currency has been the most profitable track since 2024, with the highest average return rate reaching 2,405.1%. As of June 19, 3 of the 10 largest meme coins by market capitalization were newly launched around March to April: Brett ($BRETT), BOOK OF MEME ($BOME), and DOG·GO •TO•THE•MOON ($DOG).

Among them, $BRETT has the highest return rate, rising 14,353.54% from its issue price; dogwifhat ($WIF) has risen 933.93% since 2024 (YTD), triggering the meme coin craze at the time.

It is worth noting that the profitability of meme coins is 8.6 times that of the second most profitable track, RWA, and 542.5 times that of the least profitable DeFi track.

(Note: The reward rate of the actual last-ranked Layer 2 track is negative, and no multiple comparison is performed)

The second most profitable track, RWA, has returned 213.5% in 2024 to date

The concept of RWA (Real World Assets) has been discussed continuously in recent months, and major giant institutions have laid out their plans in this track, including BlackRock Fund.

For this reason, RWA briefly became the most profitable track in February, ranking first in reward rate, but was later surpassed by meme coins and AI tracks, until it overtook AI Narrative again at the end of March, and performed well in early June.

Among the top RWA tokens by market capitalization, MANTRA ($OM) and Ondo ($ONDO) saw the largest gains, with gains of 1,123.8% and 451.12% YTD respectively, while XDC Network ($XDC) was the worst performer, falling 44.38%. Except for some established DeFi, the RWA project is generally in its early stages and you can pay more attention to it.

The AI ​​track follows closely behind, with a return rate of 71.6%

As early as the end of 2023, the AI ​​​​track has frequently appeared in the annual outlook of major investment institutions. As Messari said in his 2024 investment forecast, AI has become the new favorite of the technology industry. It has indeed lived up to expectations. The average return rate of the AI ​​track since 2024 is 71.6%, ranking third.

Arkham ($ARKM) has the highest gain of 215.50%. This is followed by AIOZ Network ($AIOZ), up 192.19%. The most popular tokens Render ($RNDR) and Fetch.ai ($FET) in the first half of the year had returns of 57.47% and 116.00% respectively, which are also good performances.

DePIN and Layer1 achieve steady growth

DePIN, which had a largely negative return rate in the first half of the first quarter, has reversed course since March and is now at 58.7%.

The best performer among large-cap DePIN tokens is JasmyCoin ($JASMY) with a gain of 323.42%, followed by Arweave ($AR) and Livepeer ($LPT) with YTD gains of 174.07% and 116.06% respectively.

In comparison, Helium ($HNT) underperformed and was the only large-cap DePIN token down more than 50%, returning -50.94%.

DePIN is also one of the tracks for capital betting in this round of bull market. If the total market value of DeFi grows 10 times, and the total market value of DePIN reaches half of DeFi, then the total market value of DePIN will reach 500 billion US dollars, which will be at least a 20-fold increase. space.

The return rate for the Layer1 track from 2024 to now is 43.0%. Although Solana ($SOL) has received a lot of attention as a public chain that gave birth to many high-potential memes, with a YTD increase of 22.91%, the overall return rate has fallen a lot compared to the 85.05% return rate in mid-March.

The best-performing large-cap Layer1 cryptocurrencies were actually Toncoin ($TON) and Binance Coin ($BNB), with gains of 204.72% and 86.10% respectively.

In comparison, Bitcoin has increased by 45.06% from the beginning of the year after hitting a new high, while Ethereum, despite high expectations through ETF applications, has only increased by 49.65% in YTD, which is comparable to Bitcoin.

GameFi, DeFi and Layer2 lag

The return rate of the GameFi track is 19.1%. It is a track with relatively little market rotation since the beginning of the year. It has raised a lot of money overall, but it has not yet made a hit.

The best performing large-cap GameFi tokens were FLOKI ($FLOKI), which increased by 362.79%, Ronin ($RON), which increased by 21.16%, and Echelon Prime ($PRIME), which rose by 5.27% YTD. The return rates of other large-cap tokens were The rates are all negative, including -13.43% for GALA ($GALA) and -32.02% for Immutable ($IMX).

The performance of the DeFi track in the first quarter was acceptable, boosted by the Uniswap ($UNI) fee conversion proposal at the end of February. However, it has been slightly underpowered in the second quarter, and the year-to-date return rate has dropped to 3.4%. The large-cap DeFi token with high return rate is Maker (MKR), with a YTD increase of 49.88%.

The Layer 2 track is the worst performing among them, with a return rate of -40.59%, which is almost halved. Among large-cap Layer 2 tokens, AEVO ($AEVO) and Starknet ($STRK) were the worst performers, with return rates of -85.40% and -63.16% respectively.

Mainstream Ethereum Layer 2 also performed poorly: Optimism ($OP) had a return rate of -54.64%, and Arbitrum ($ARB) had a return rate of -53.71%. What is more noteworthy is that Mantle ($MNT) is the best, with a YTD return rate of 26.09%.

2. Calculation method

Based on data from CoinGecko, this study examines the performance of the most watched cryptocurrency tracks from January 1 to June 21, 2024, based on the average daily price return of the top 10 market cap tokens in each track Rates compared to prices at the beginning of the quarter. For tokens launched during the quarter, the price data on the first day is compared.

Representative tokens in each track (top 10 market cap tokens) are selected based on market cap ranking on the last day of the quarter.

To better serve the purpose of this study, chain-specific circuits, circuits with a small number of large-cap tokens, or circuits with high overlap with other circuits were excluded.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

  • This article is reprinted with permission from: "MarsBit"

  • Original author: Viee, Biteye