Original Author: Coingecko
Compiled by: Lawrence, Mars Finance
Summary:
Coingecko's report shows that the crypto narratives for 2024 present a diversified and rapidly changing pattern, with Meme coins and AI narratives being the biggest winners. At the same time, the rise of RWA, DePIN, and specific ecosystems like Solana and Base.
Recently, Coingecko released the latest data, ranking the popularity of crypto narratives this year. This year, Meme coins became the absolute focus of the market, occupying 30.67% of investor attention, with the top three most popular being Meme, AI, and RWA. This article will explore the data behind this report.
Meme Coins: The Top Narrative Dominating the Market
The Meme coin narrative ranked first in 2024 with a market attention of 14.36%, an increase of 6.04 percentage points from last year's 8.32%, showing that investors' enthusiasm for such assets continues to rise.
Not only mainstream Meme coin narratives, but also as many as 25 sub-trends attracted significant attention, including 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 Catcoins, and then to AI-themed Meme coins, investors' interest in these high-risk, high-reward assets continues to grow.
Artificial Intelligence (AI) ranks second
The AI narrative ranked second with a total attention of 15.67%, with the overall AI narrative occupying 12.58%. Although this is an increase of 1.26 percentage points from last year's 11.32%, the popularity of AI still lags behind Meme coins.
It is worth noting that the sub-narrative of AI, such as AI agents (1.17%, ranked 17th), has also successfully entered the top 20, showing that the market remains optimistic about the future development of AI technology.
RWA and DePIN: The Rise of Potential Narratives
The popularity of Real World Assets (RWA) and Decentralized Physical Infrastructure Networks (DePIN) narratives significantly increased in 2024. The attention for RWA narratives rose from last year's 6.48% to 8.64%, jumping from 6th to 3rd place.
DePIN rose from 13th to 8th, with an increase of 1.56 percentage points in attention. This data reflects the market's growing interest in on-chain and real-world application scenarios.
Solana and Base Ecosystems: Expanding Market Share
The Solana narrative attracted 14.30% of market attention in 2024, close to the AI narrative, becoming an important player in the crypto market. The dual boost from Solana Meme coins (7.65%) and the Solana ecosystem (5.78%) solidified its position. The Base ecosystem ranked 9th with 2.68%, while the popularity of Base Meme coins also added to its appeal, with an overall share of 4.87%.
Gaming Narratives and Other Trends
Meanwhile, the gaming narrative lost some popularity in 2024, with its market attention dropping from last year's 10.49% to 3.72%. In contrast, infrastructure narratives such as Layer 1 (3.51%), Layer 2 (2.25%), and DeFi (1.87%) remained relatively stable.
2023: AI Narrative Dominates, Meme Coin Potential Emerges
In 2023, the focus of the cryptocurrency market was mainly on the Artificial Intelligence (AI) narrative, which ranked first with a market attention of 11.32%, reflecting investors' high expectations for a technology-driven future. Meanwhile, the Meme coin narrative ranked 3rd (8.32%), but its popularity has started to show, laying the groundwork for an explosion in 2024.
