2024 encryption narrative ranking released: meme reigns supreme AI, RWA, Solana ecosystem rises

Written by: Coingecko Compiled by: Centreless

Summary:

Coingecko released a report showing that the crypto narrative in 2024 has presented a diverse and rapidly changing pattern, with Meme coins and AI narratives emerging as the biggest winners. At the same time, the rise of RWA, DePIN, and specific ecosystems such as Solana and Base.

Recently, Coingecko released a latest data, ranking the hot topics of this year's crypto narrative. This year, Meme coins have become the absolute focus of the market, occupying 30.67% of investors' attention. The report shows that the top three most popular are Meme, AI, RWA. This article will take you through the data behind this report.

Meme Coin: Dominating the Market with Top-tier Narratives

Meme currency narrative ranked first in market attention in 2024, with a 14.36% share, an increase of 6.04 percentage points from last year's 8.32%, showing continued high enthusiasm from investors for such assets.

It's not just the mainstream Meme coin narrative that's drawing attention, as many as 25 sub-trends are also attracting 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-themed Meme coin (1.19%, ranked 16th). From Dogecoin to Catcoin, and then to AI-themed Meme coin, investors' interest in such high-risk, high-return assets is only increasing.

Artificial intelligence (AI) ranks second.

AI narrative ranks second with a total attention of 15.67%, of which the overall AI narrative accounts for 12.58%. Although it has increased by 1.26 percentage points compared to last year's 11.32%, AI's popularity still lags behind Meme coins.

It is worth noting that AI sub-narratives such as AI agents (1.17%, ranking 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: The potential narrative is gradually emerging

The narrative heat of Real World Assets (RWA) and Decentralized Physical Infrastructure Network (DePIN) has significantly increased in 2024. The attention to RWA narrative has increased from 6.48% last year to 8.64%, and its ranking has risen from 6th to 3rd.

DePIN increased from 13th to 8th, and the attention increased by 1.56 percentage points. These data reflect the increasing interest in the application scenarios combining the chain with the real world in the market.

Solana and Base ecosystems: expanding market share

Solana Narrative attracted 14.30% market attention in 2024, close to AI Narrative, becoming an important player in the cryptocurrency market. The dual boost of Solana Meme Coin (7.65%) and Solana ecosystem (5.78%) solidified its position. The Base ecosystem ranks 9th with a share of 2.68%, and the popularity of Base Meme Coin also adds to its appeal, with an overall share of 4.87%.

Game narrative and other trends

Meanwhile, game narrative lost some of its popularity in 2024, with market attention dropping 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%) remained relatively stable.

2023: AI narrative takes the lead, Meme coin potential begins to show

In 2023, the focus of the cryptocurrency market is mainly on the narrative of artificial intelligence (AI), which ranks first with a market attention of 11.32%, showing investors' high expectations for technology-driven future. At the same time, although the Meme coin narrative ranks only third (8.32%), its popularity has begun to emerge, laying the foundation for the outbreak in 2024.

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