Written by: Coingecko
Compiled by: Centreless
summary:
Coingecko released a report showing that the crypto narrative in 2024 presents a diverse and rapidly changing landscape, with Meme coins and AI narratives becoming the biggest winners. At the same time, RWA, DePIN, and specific ecosystems such as Solana and Base are on the rise.
Coingecko recently released a new data ranking the popularity of crypto narratives this year. This year, Meme coins have become the absolute focus of the market, accounting for 30.67% of investors' attention. The report shows that the top three most popular ones are Meme, AI, and RWA. This article will take you to explore the data behind this report.
Meme coins: The top narratives dominating the market
Meme coin narratives ranked first in 2024 with 14.36% of market attention, an increase of 6.04 percentage points from 8.32% last year, showing that investors' enthusiasm for this type of asset continues to rise.
It’s not just the mainstream meme coin narrative, as many as 25 sub-trends have also attracted a lot of attention, including Solana Meme Coin (7.65%, ranked 4th), Base Meme Coin (2.13%, ranked 11th), AI Meme Coin (1.49%, ranked 15th) and Cat Theme Meme Coin (1.19%, ranked 16th). From Dogecoin to Cat Coin to AI Theme Meme Coin, investors’ interest in this type of high-risk, high-return asset has not diminished but increased.
Artificial Intelligence (AI) ranks second
AI narratives ranked second with 15.67% of total attention, of which overall AI narratives accounted for 12.58%. Although it increased by 1.26 percentage points from 11.32% last year, AI's popularity still lags behind Meme coins.
It is worth noting that AI sub-narratives such as AI Agents (1.17%, ranked 17th) also successfully entered the top 20, indicating that the market continues to be optimistic about the future development of AI technology.
RWA and DePIN: Potential narratives are gradually emerging
The Real World Assets (RWA) and Decentralized Physical Infrastructure Network (DePIN) narratives will grow significantly in 2024. RWA narrative’s attention increased from 6.48% last year to 8.64%, and its ranking jumped from 6th to 3rd.
DePIN rose from 13th to 8th, with an increase of 1.56 percentage points. These data reflect the market's growing interest in application scenarios that combine the chain with the physical world.
Solana and the Base Ecosystem: Expanding Market Share
Solana narrative attracted 14.30% of the market attention in 2024, close to AI narrative, becoming an important player in the crypto market. Solana Meme Coin (7.65%) and Solana Ecosystem (5.78%) helped consolidate its position. Base Ecosystem ranked 9th with 2.68%, and the popularity of Base Meme Coin also added a lot to it, with an overall share of 4.87%.
Game narratives and other trends
Meanwhile, the gaming narrative lost some of its heat in 2024, with its market share falling from 10.49% last year 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 takes the lead, and the potential of Meme coin begins to emerge
In 2023, the cryptocurrency market’s focus was mainly on the artificial intelligence (AI) narrative, which topped the list with 11.32% of market attention, showing investors’ high expectations for a technology-driven future. Meanwhile, the Meme coin narrative, although only ranked third (8.32%), has already begun to gain popularity, laying the foundation for an explosion in 2024.
