2024 Crypto Narrative Ranking Released: The Rise of AI, RWA, and Solana Ecosystems

Written by: Coingecko Compiled by: Centreless

summary:

Coingecko released a report showing that the crypto narrative in 2024 will present a diverse and rapidly changing landscape, with Meme coins and AI narrative becoming the biggest winners. At the same time, there is the rise of RWA, DePIN, and specific ecosystems such as Solana and Base.

Coingecko recently released the latest 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 coins are Meme, AI, and RWA. This article will take you to explore the data behind this report.

Meme Coin: The top narrative that dominates the market

Meme coin narrative ranks first with 14.36% market attention in 2024, an increase of 6.04 percentage points from last year's 8.32%, showing that investors' enthusiasm for such assets continues to rise.

Not only the mainstream Meme coin narrative, as many as 25 sub-trends have 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-themed meme coins (1.19%, ranked 16th). From Dogecoin to Catcoin to AI-themed Meme coins, investors’ interest in such high-risk, high-return assets continues to increase.

Artificial intelligence (AI) ranks second

AI narrative ranked second with 15.67% of the total attention, of which overall AI narrative accounted for 12.58%. Although it increased by 1.26 percentage points from 11.32% last year, the popularity of AI still lags behind that of Meme coins.

It is worth noting that sub-narratives of AI such as AI agent (1.17%, ranked 17th) 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 rise of potential narratives

The popularity of the Real World Assets (RWA) and Decentralized Physical Infrastructure Network (DePIN) narratives will increase significantly in 2024. The attention of 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 attention increasing by 1.56 percentage points. These data reflect the market’s increasing interest in application scenarios that combine the chain with the physical world.

Solana and Base Ecosystem: Expanding Market Share

Solana Narrative attracted 14.30% market attention in 2024, approaching AI Narrative and becoming an important player in the encryption market. The dual help of Solana Meme Coin (7.65%) and Solana Ecosystem (5.78%) has consolidated its position. The Base ecosystem ranked 9th with 2.68%, and the popularity of the Base Meme coin also added a lot to it, accounting for 4.87% overall.

Game narrative and other trends

At the same time, game narrative has lost some of its popularity in 2024, with its market attention falling to 3.72% from 10.49% last year. In contrast, infrastructure narratives such as Layer 1 (3.51%), Layer 2 (2.25%) and DeFi (1.87%) have remained relatively stable.

2023: AI narrative dominates, and Meme currency’s potential begins to emerge

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