Memecoins Power Crypto Surge with 279% YTD Return

Memecoins are leading the crypto charge in 2024 according to Binance Research. The research arm of the top crypto exchange has found that memecoins have driven significant activity among traders and captured attention within the crypto community.

The sector has outperformed all others this year, returning a staggering 279% year-to-date. Base, Coinbase's Ethereum layer-2 chain, and Solana, an Ethereum rival, are spearheading the memecoin surge.

AI-related projects are also gaining traction, sparking considerable consumer interest. DeFi is making a comeback in 2024, with a substantial influx of capital driving TVL up 72.8% year-to-date to US$94.1B.