The crypto market has shown dramatic shifts in story performance, with AI-pushed applied sciences emerging as clear winners within the final month of 2024.
In contrast, meme money and modularity projects beget skilled principal declines within the final 30 days.
Winners and Losers
The most fresh data from Web3 analytics platform Dexu AI reveals that AI brokers generated an outstanding 72.2% return over the past month, led by ai16z (AI16Z) and Phala Community’s PHALA token.
Within the period in-between, AI16Z observed its brand upward push by near to 295%, while PHALA added 209% to its brand. Varied solid performers here had been Virtuals Protocol (VIRTUAL), which gained 132% in 30 days, and the crypto market intelligence token AiXBT, which rose by 125%.
Fair just recently, Bitfinex posited that AI brokers might perhaps perhaps perhaps revolutionize crypto with their skill to produce obligations take care of executing transactions, managing digital wallets, and crafting investment options.
On the opposite hand, the class wasn’t perhaps the most efficient success story in December. Centralized alternate (CEX) tokens furthermore performed properly, with the story hiking 41.37% across the month. Extra, the “sweat-place” sector, which specializes in projects combining blockchain performance with particular person-centered applications, observed a first price 24.4% upward push.
Varied outdated skool spaces, resembling decentralized finance (DeFi) and derivatives, skilled quite smaller nonetheless precise utter at 13.2% and 12.3%, respectively. Furthermore, proper-world sources (RWA) furthermore did properly, gaining 7.21%.
On the opposite hand, the old 30 days weren’t so profitable for the leisure of the narratives. The retractions had been led by the modularity class, which lost 32.1%, and low-possibility tokens (LRTs), which dipped by 30.8%.
Meme money furthermore observed a gigantic 28.7% decline, perhaps reflecting investor fatigue. This used to be despite a fresh Binance file indicating that such tokens had overtaken Bitcoin and Ethereum in phrases of ownership.
Per data from CoinGecko, loads of the finest-capped sources within the class, in conjunction with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK), observed their costs dip by double digits over 30 days. The largest casualty among them used to be dogwifhat (WIF), shedding near to 41% of its brand in that duration.
Furthermore, GameFi, privacy tokens, and decentralized physical infrastructure networks (DePIN) furthermore skilled losses, with GameFi sinking 21.78% and privacy money losing 12.46%.
L1s High Market Cap
In phrases of market capitalization, Layer 1 (L1) blockchains remain dominant at $2.75 trillion, pushed mainly by Bitcoin’s $1.85 trillion valuation.
Centralized alternate tokens boast the 2nd-very best worth at moral over $129 billion, followed closely by meme money, which, despite a generally awful December, are peaceable valued at near to $86 billion per Dexu AI. Courses take care of DeFi and AI apply a puny extra within the again of, with the frail capped at moral beneath $39 billion and the latter valued at a puny bit over $23 billion.
Narratives with the smallest market measurement encompass privacy money, LRTs, and decentralized science (DeSci). As of December 30, privacy money had been capped at $2.72 billion, while DeSci stays a niche sector priced at most efficient $284 million.
