In the first half of 2024, memecoins emerged as the most profitable sector in the crypto market, according to data compiled by on-chain experts. Independent crypto reporter Colin Wu reported an average return rate of 2405.1% for memecoins, with tokens such as Brett (BRETT), Book Of Meme (BOME), and DOG•GO•TO•THE•MOON (DOG) leading the pack.

Real World Assets (RWA) and Artificial Intelligence (AI) followed, with return rates of 213.5% and 71.6% respectively. Despite the buzz around DeFi and GameFi, these sectors lagged behind, with profitability significantly lower than that of memecoins.

However, it's important to note that the market is dynamic and sectors such as Decentralized Physical Infrastructure Networks (DePIN) and Layer 1 have shown steady growth, indicating potential for future profitability. The crypto market continues to evolve, offering diverse opportunities for investors.