Source: Blockchain Knight

According to a report from CoinGecko, Memecoins will dominate Crypto asset coverage with 31% in 2024.

This is a nearly 4-fold increase from last year, when this topic attracted only 8.32% of investors across 25 reports.

The rise of Memecoins was initially driven by dog-themed tokens, but expanded into new areas in 2024, including animal and personality-themed tokens.

This trend highlights investors’ preference for speculative opportunities, which prioritizes cultural virality over traditional fundamentals, the report said.

Memecoin launch pool Pump.fun can be used as a representative of the success of these tokens.

According to user evelyn223’s Dune Analytics dashboard, nearly 5 million new Memecoins have been deployed on Solana alone this year, with the platform garnering over $335 million in fees.

The Memecoin narrative occupies the first place among the Crypto asset narratives, accounting for 14.36% of investor shares.

In addition, four Memecoin trends made it into the top 20: Solana Memecoin (7.65%), Base Memecoin (2.13%), Artificial Intelligence Memecoin (1.49%), and Cat-themed Memecoin (1.19% ).

According to Artemis data, Memecoins will be the third most profitable Crypto asset in 2024, with an average annual return of 201%. Its returns are also higher than the market's average return of 128%.

This year, the development of artificial intelligence technology has raised investor expectations for the intersection between artificial intelligence and blockchain.

As a result, this became a hot trend in the Crypto asset community, capturing 15.67% mindshare across six narratives.

The core AI ecosystem is responsible for most of the trends, ranking second in overall trends with a 12.58% share, an increase of 1.26% from last year.

AI-related trends, such as AI Agents (1.17%) and AI Memecoin (1.49%), further contribute to the technology’s growing influence among Crypto assets.

This year, however, the popularity of the Memecoins space has surged, eclipsing its performance in artificial intelligence.

In addition, the performance of artificial intelligence tokens this year was negative 11.6%, mainly due to Worldcoin’s WLD falling by 39%.

Real World Assets (RWA) narrative gains traction, climbing to third place with 8.64% investor interest share compared to 2023An annual increase of 2.16%.

Similarly, Decentralized Physical Infrastructure Network (DePIN) also rose from 13th to 8th, with a share increase of 1.56%.

In contrast, the share of blockchain games (GameFi) has declined, from 10.49% in 2023 to 3.72% in 2024, reflecting people’s interest in game-related blockchain applications. Interest is waning.

The average annual return rate of the RWA sector is 1755%, which is mainly due to Mantra’s OM token rising by 6520%.

As a result, the average return on tokens in this space is overstated.

Meanwhile, the DePIN token jumped 30% during the same period, while the average performance of gaming tokens was negative 23.4%.

The blockchain ecosystem has also attracted a lot of attention in 2024, with narratives related to Solana and Base becoming increasingly prominent, with Memecoins playing a key role.

Solana’s coverage totaled 14.30%, driven by Solana Memecoins (7.65%) and broader ecosystem interest (5.78%).

Driven by the Base ecosystem and Base Memecoins, Base’s coverage accounted for a total of 4.87%.