Coingecko Report Crowns Memecoins as Leading Crypto Narrative in 2024

Memecoins were by far the most popular crypto narrative in 2024, capturing 14% of global investor interest, according to a recently released report by Coingecko. Besides the main meme coin narrative, four other meme coin trends made the top 20.

According to the report, Solana meme coins ranked fourth with 7.7% of global investor interest, while Base meme coins, AI meme coins, and Cat meme coins ranked 11th, 15th, and 16th with 2.1%, 1.5%, and 1.2%.

This brings combined memecoin interest to almost 31%, about a third of this year's crypto narrative interest, the Dec. 23. report said. It also represents an improvement in memecoin mindshare, as the category ranked third in Coingecko’s 2023 most popular crypto narratives list with 8.3%.

“The study examined interest in crypto narratives based on CoinGecko categories’ non-botted global web traffic, from Jan. 1 to Dec. 21, 2023, and Jan. 1 to Dec. 21, , 2024. For the purpose of the study, only categories with listed pages and a non-zero percentage share of traffic were considered,” wrote Lim Yu Qian, a Coingecko Crypto Research Analyst in the report.

Pumpfun: The Catalyst

Solana-related narratives captured 14% of investor interest, with Solana memecoins driving most of the attention towards the chain. Pumpfun, the chain’s top memecoin launchpad, contributed 0.6%.

Pumpfun has enjoyed tremendous success barely a year after its launch. It recently became the first Solana decentralized application (dApp) to exceed $100 million in monthly revenue. It has generated $1.06 billion in annual revenue, according to DeFiLlama data.

Besides memecoins, Artificial Intelligence (AI), Real-World Assets (RWA), Solana ecosystem, and Gaming were some other narratives in the top ten with 12.58%, 8.64%, 5.78%, and 3.72%, respectively.