Written by: Coingecko Translated 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 narrative dominating the market
The Meme coin narrative ranked first in 2024 with 14.36% market attention, an increase of 6.04 percentage points from last year's 8.32%, indicating that investor enthusiasm for such assets continues to rise.
Not just mainstream Meme coin narratives, as many as 25 sub-trends also 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 Catcoin, and then to AI-themed Meme coins, investor interest in such high-risk, high-reward assets has only increased.
Artificial Intelligence (AI) ranked second
The AI narrative ranked second with a total attention of 15.67%, of which the overall AI narrative accounted for 12.58%. Although it rose by 1.26 percentage points from last year's 11.32%, AI's popularity still lags behind Meme coins.
Notably, AI sub-narratives such as AI agents (1.17%, ranked 17th) also successfully made it into the top 20, showing the market's continued optimism about the future development of AI technology.
RWA and DePIN: The potential narrative gradually rising
The heat 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 applications that combine on-chain and real-world scenarios.
Solana and Base ecosystems: Expanding market share
The Solana narrative attracted 14.30% market attention in 2024, close to the AI narrative, becoming an important player in the crypto market. The dual support 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 enhanced its appeal, reaching a total share of 4.87%.
Gaming narratives and other trends
Meanwhile, the gaming narrative lost some heat 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: The AI narrative takes the lead, Meme coin potential begins to emerge
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 had already begun to show, laying the groundwork for an explosion in 2024.
