In the first quarter of 2024, memecoins emerged as the most profitable cryptocurrency narrative, significantly outperforming Real World Assets (RWA) and Layer 2 narratives. According to a report by CoinGecko, newly launched Solana memecoins, including $BOME (@Darkfarms1) and $MEW, were among the top performers. The report highlighted an average return of 1,312.6% across the top tokens by market capitalization, with memecoins launched in March joining the top 10 largest memecoins list by market value by the end of the quarter. This surge in memecoin popularity also led to a record-high new memecoin trader count, as noted by Cointelegraph and supported by data from IntoTheBlock. Additionally, the impact of memecoins was evident in Solana's DEX volume growth.
Data from IntoTheBlock has revealed that #memecoin trading reached record highs in the first quarter of 2024 https://t.co/AkOQXsON6E
A record-high new #memecoin trader count is potentially driven by Q1 2024's substantial gains. https://t.co/juPOXNJ1Ic
A record high new memecoin trader count is potentially driven by Q1 2024's substantial gains. https://t.co/pY96p9dBuF
Bullish on Crypto? Maimo delivers your April insights. Our analysis covers key March trends, including: 1⃣ Bitcoin's volatility 2⃣ Ethereum's Duncan upgrade and its impact on fees 3⃣ Solana's DEX volume growth fueled by meme coins Optimize your financial research NOW with… https://t.co/tS6MMt7r1K
Explore the fascinating world of memecoins with our latest article! We've analyzed our metrics to bring you some of the most visited memecoins recently on DEXTools. Feel free to share below any other tokens that have caught your attention! https://t.co/dTgvV7Bu1Z
According to the report, memecoins recorded the highest returns of 1,312.6% on average across the top tokens by market capitalization. Memecoins that were launched in March made it to the top 10 largest memecoins list by market value by the end of the quarter, including Book of…
🚨 BREAKING: According to report by @coingecko, Memecoins were by far the most profitable crypto narrative in Q1 2024, including the newly launched Solana Memecoins $BOME (@Darkfarms1) and $MEW. Notably, Memecoins outperformed RWA and Layer 2 narratives. https://t.co/eQv9lpygWj