According to a report by CoinGecko, memecoins dominated 31% of crypto narratives in 2024, showing a significant increase from the previous year. This trend indicates that investors are prioritizing cultural virality over traditional fundamentals when seeking speculative opportunities. The rise of memecoins expanded beyond dog-themed tokens to include animal- and personality-themed tokens. The memecoin launchpool Pump.fun saw the deployment of nearly 5 million new memecoins on Solana, generating over $335 million in fees. Memecoins were the top crypto narrative, accounting for 14.36% of investor mindshare. Four memecoin trends, including Solana memecoins, base memecoins, AI memecoins, and cat-themed memecoins, appeared in the top 20 narratives. Memecoins were the third most profitable narrative in 2024, with an average yearly return of 201%. The AI narrative also gained popularity, capturing 15.67% of mindshare across six narratives. Real-world assets and decentralized physical infrastructure networks (DePIN) narratives experienced growth, while blockchain gaming (GameFi) declined in interest. The average yearly gain for RWA tokens was 1,755%, driven by the rise of Mantra's OM token. DePIN tokens increased by 30%, while gaming tokens had a negative performance of 23.4%. Solana and Base-related narratives gained prominence in the blockchain ecosystem, with memecoins playing a significant role. Solana memecoins and the broader Solana ecosystem accounted for a 14.30% share, while Base narratives totaled 4.87%.



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