NFT
The Rise of Memecoins and Real-World Assets in the Crypto Industry
Wednesday. July 17 at 6:30 AM
1 min. readIn the second quarter of 2024, CoinGecko's website traffic highlighted memecoins, real-world assets (RWA), and artificial intelligence as the most popular narratives. Memecoins, inspired by internet memes, dominated the crypto narrative chart, with Solana and Base leading the way. Real-world assets, such as tokenized real estate, and AI also garnered significant attention. Memecoins have become a major trend in 2024, boasting impressive returns but sparking debates on their alignment with crypto's original purpose. Additionally, CoinGecko reported that Ethereum became inflationary in Q2 2024, with an increase in circulating supply. The industry is evolving rapidly, with memecoins reshaping the crypto landscape and challenging traditional perceptions. Avichal Garg predicts that in five years, Coinbase may no longer refer to 'crypto' in its operations, reflecting the dynamic nature of the industry.