A CoinGecko study found that memecoins attracted nearly a third of investor interest in the crypto space this year, making them the most talked-about topic.

CoinGecko research analyst Lim Yu Qian noted in a December 23 report that between January 1 and December 21, memecoins and related categories captured 31% of investor interest.

These coins experienced significant gains and losses throughout the year, while Bitcoin rose 123% in 2024. While these tokens are often high-risk and volatile, some experienced traders made quick profits.

CoinGecko found that the “main memecoin narrative” accounted for 15% of the interest share, surpassing the previous year’s share of 6%. Additionally, four different memecoin trends were among the “top 20 crypto narratives.”

Solana-based memecoins ranked fourth with an approximately 8% share, while memecoins on Coinbase’s blockchain Base took the 11th spot with just over a 2% share.

AI-themed and cat-themed memecoins respectively captured 1.5% and 1.2% of the market share, placing 15th and 16th.

Top Crypto Categories by Traffic Market Share from January 1 to December 21

According to CoinGecko, the memecoin market cap currently stands at $113.2 billion, with Dogecoin and Shiba Inu leading at $49.3 billion and $13.8 billion, respectively.

AI Lost Its Top Spot To Memecoins in 2023 But Remained Popular

Interest in AI-related crypto tokens ranked second after memecoins, losing its top spot from last year.

However, interest in AI tokens increased compared to 2023, capturing around 13% of the market this year, up from just over 11% last year.

AI tokens accounted for about 15.5% of total interest this year.

The potential of AI agents was fully demonstrated when the AI-run X platform account “Truth Terminal” promoted the obscure memecoin GOAT, causing the token’s value to soar to $1.3 billion.

AI agent tokens currently make up only a small portion of the $44.8 billion AI crypto token market, led by Near Protocol and Internet Computer.

The Top Seven AI Coins by Market Cap

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On December 21, data tracking platform CryptoSlam reported that Ethereum-based NFTs experienced a 76% increase week-on-week, reaching $201 million in sales. This represents 66% of the total NFT sales volume over the past seven days.

In comparison, Bitcoin-based NFTs recorded $40 million in sales, while Solana-based collections reached $29 million in sales. Mythos Chain, Immutable, Polygon, and BNB Chain collectively recorded a weekly volume of $25.9 million.

This weekly record also surpassed the previous NFT sales record of $296 million set in September, when digital collectibles saw their lowest monthly sales volume since 2021.

Ethereum Collections Lead the NFT Rankings

Last week, seven out of the top 10 NFT collections by sales volume were Ethereum-based.

Pudgy Penguins collection topped the week with a sales volume of $54.4 million.

In second place was the project’s LilPudgys collection, which recorded approximately $20 million in sales.

7 Out of The Top 10 NFT Collections For The Week Are Ethereum-based Collections

The Azuki NFT collection saw a 130% increase compared to last week, reaching $18 million in sales volume.

The project’s Azuki Elementals collection recorded a 226% week-on-week increase, achieving $7 million in sales.

Popular NFT collections like Doodles and CryptoPunks also made it into the top 10 collections by sales volume last week. Doodles recorded $13 million, while CryptoPunks achieved a sales volume of $7.4 million.

NFTs Maintain Momentum from Early December

NFT weekly volumes have been strong since the beginning of December. Digital collectibles recorded $187 million in sales during the first week of the month, with the Pudgy Penguins collection leading the week with $25 million in sales.

While Pudgy Penguins NFTs dominate in volume, the collection’s crypto token has not shared the same success. On December 17, the Pudgy Penguins (PENGU) token dropped by over 50% after its launch.

According to CoinGecko data, the token is currently trading at $0.03, which is about a 55% decrease from its peak price.

In just 21 days, December’s NFT sales volume reached $678 million, surpassing the previous month’s record of $562 million.

This sales record makes December the highest-performing month for NFTs since May, when the market saw $602 million in sales.

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