Written by: Coingecko Compiled by: Centreless
Abstract:
A report released by Coingecko shows that the crypto narrative in 2024 presents a diverse and rapidly changing pattern, among which Meme coins and AI narratives have become the biggest winners. At the same time, the rise of RWA, DePIN, and specific ecosystems such as Solana and Base.
Recently, Coingecko 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: Top Narratives Dominating the Market
The Meme Coin narrative ranked first in 2024 with 14.36% of market attention, up 6.04 percentage points from 8.32% last year, showing that investors' enthusiasm for such assets continues to rise.
It's not just the mainstream Meme Coin narrative, as many as 25 sub-trends 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 Catcoin to AI-themed Memecoin, investors’ interest in these high-risk, high-return assets has not diminished but increased.
Artificial Intelligence (AI) Ranks Second
The AI narrative ranks second with 15.67% of total attention, of which the overall AI narrative accounts for 12.58%. Although it has increased by 1.26 percentage points from 11.32% last year, AI’s popularity still lags behind Memecoin.
It is worth noting that AI’s sub-narratives such as AI Agents (1.17%, ranked 17th) have also successfully entered the top 20, showing that the market continues to be optimistic about the future development of AI technology.
RWA and DePIN: Potential narratives are gradually rising
The popularity of real-world assets (RWA) and decentralized physical infrastructure networks (DePIN) narratives increased significantly in 2024. The attention of the RWA narrative increased from 6.48% last year to 8.64%, and the ranking jumped 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 application scenarios that combine on-chain and the physical world.
Solana and the Base Ecosystem: Expanding Market Share
The Solana narrative attracted 14.30% of market attention in 2024, approaching the AI narrative and becoming a major player in the crypto market. The Solana Meme Coin (7.65%) and the Solana Ecosystem (5.78%) helped to consolidate its position. The Base Ecosystem ranked 9th with 2.68%, and the Base Meme Coin also contributed to its popularity, accounting for 4.87% of the total.
Game Narratives and Other Trends
Meanwhile, the game narrative lost some of its popularity in 2024, with its market attention 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%) remain relatively stable.
2023: AI narrative takes the lead, and Meme coin's potential begins to emerge
In 2023, the focus of the cryptocurrency market was mainly on the artificial intelligence (AI) narrative, which topped the list with 11.32% of the market attention, showing investors' high expectations for a technology-driven future. At the same time, although the Meme coin narrative only ranked third (8.32%), its popularity has begun to show, laying the foundation for an outbreak in 2024.
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