Memecoins have dominated the cryptocurrency industry in the first half of 2024, recording a whopping 1,834% returns. The real-world asset tokenization sector followed, returning 214% to investors, while AI blockchain projects and decentralized physical infrastructure networks (DePIN) returned 72% and 59% respectively. Bitcoin and Ether also performed well, with 45% and 50% returns. Layer-1 platforms averaged 43% returns, while gaming and decentralized finance sectors lagged behind but still managed modest returns. However, the layer-2 sector saw a significant decline, with losses averaging 41%. The Solana network played a significant role in the rise of memecoins, with 541,000 new token projects minted in May alone.