Written by: Coingecko Translated by: Centreless
Summary:
Coingecko's report shows that the crypto narrative in 2024 presents a diverse and rapidly changing pattern, with Meme coins and AI narratives being the biggest winners. At the same time, RWA, DePIN, and specific ecosystems like Solana and Base are on the rise.
Recently, Coingecko released the latest data ranking the heat of crypto narratives for this year. This year, Meme coins have become the absolute focus of the market, accounting for 30.67% of investor attention. The report shows that the top three most popular are Meme, AI, and RWA, and 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 14.36% market attention, an increase of 6.04 percentage points from last year's 8.32%, indicating that investor enthusiasm for such assets remains high.
It's not just the mainstream Meme coin narrative; as many as 25 sub-trends have 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 these high-risk, high-reward assets continues to increase.
Artificial Intelligence (AI) ranks second
The AI narrative ranks second with a total attention of 15.67%, of which the overall AI narrative occupies 12.58%. Although it rose by 1.26 percentage points from last year's 11.32%, AI's heat still lags behind Meme coins.
It is noteworthy that AI's sub-narratives, such as AI agents (1.17%, ranked 17th), have also successfully made it into the top 20, showing the market's continued optimism for the future development of AI technology.
RWA and DePIN: The potential narrative is 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%, with its ranking jumping from 6th to 3rd.
DePIN rose from 13th to 8th, with an increase of 1.56 percentage points in attention. These data reflect 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, nearing 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, reaching a total share of 4.87%.
Gaming narratives and other trends
At the same time, 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 like Layer 1 (3.51%), Layer 2 (2.25%), and DeFi (1.87%) remained relatively stable.
2023: AI narrative dominates, Meme coin potential begins to show
In 2023, the focus of the cryptocurrency market was primarily 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, though only ranked 3rd (8.32%), has already begun to show heat, laying the foundation for an explosion in 2024.
