CoinGecko has identified the tip eight crypto narratives that generated the most effective returns in Q1 2024, led by memecoins, true-world sources (RWA), and artificial intelligence (AI).

Between Jan. 1 and Mar. 31, memecoins as a class of cryptocurrencies that are basically in step with jokes saw 1,312.6% returns on average across the tip 10 memecoins by market cap, making it the most a success crypto chronicle. BRETT, a memecoin on layer 2 blockchain community Rotten, returned 7,727.6% in the quarter, adopted by Solana-based fully token, dogwifhat (WIF), which gained 2,721.2%.

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“Notably, the memecoin chronicle change into as soon as 4.6 cases extra a success than the next supreme performing crypto chronicle of RWA, and 33.3 cases extra a success than the Layer 2 chronicle,” which sits at Eighth space, in step with the creator of CoinGecko’s watch, Lim Yu Qian.

RWA, as a chronicle in step with representing physical sources on a blockchain community, took second space producing a 285.6% return in Q1 of 2024, whereas artificial intelligence placed third with a 222% return. The tip performers in the AI chronicle had been AIOZ Community (AIOZ) and Safe.ai (FET), in step with CoinGecko.

DeFi, a sub-ecosystem of the crypto location the establish individuals can entry monetary services with out primitive intermediaries, “finished average returns of 98.9%,” led by Uniswap (UNI), Ribbon Finance (RBN), Jupiter (JUP), Maker (MKR), and The Graph (GRT).

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Following DeFi’s fourth space rating ws decentralized physical infrastructure, or DePIN. Despite being in the crimson for the foremost half of of Q1, the DePIN chronicle, marked by the utilization of crypto-incentives to build up physical, technological infrastructure, performed Q1 with an 81% return. Top performers in the DePIN class had been Arweave (AR), with a hold of 292.5%, adopted by Livepeer (LPT) at 133.7% and Theta Community (THETA) at 124.5%.

Read extra: What Are DePINs in Crypto? A Newbie’s Handbook

The L1 chronicle, which contains Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Toncoin (TON), amongst others, recorded a return of 70% in the foremost three months of 2024, the sixth most a success crypto chronicle. In seventh and eighth space, respectively, had been monetary gaming (GameFi), producing a 64.6% return and the L2 chronicle, which saw a 39.5% hold.

The tip GameFi performers had been Echelon High (PRIME) at 124.0%, Gala (GALA) at 123.0%, and Ronin (RON) at 112.3%, whereas the tip L2 tokens had been Stacks (STX) and Mantle (MNT) with returns of 142.5% and 95.8% in the quarter, respectively.