A recent study by CoinGecko reveals that memecoins have captured the top spot for crypto investor interest in 2024.
The report highlights tokens based on Solana, followed by tokens on layer 2 networks like Base.
⚡ LATEST: Memecoins Take Top Spot for Crypto Investor Interest in 2024: CoinGecko
Memecoin interest in 2024 was largely directed towards #Solana-, followed by those on L2 Base, according to a CoinGecko study. pic.twitter.com/QaOvszhqj1
– Cointelegraph (@Cointelegraph) December 25, 2024
This growing interest aligns with observations from Glassnode, which notes that Solana has consistently experienced positive net capital inflows since September 2023. Aside from some minor outflows, the blockchain has maintained steady liquidity growth, fueling the expansion of its ecosystem.
Daily capital inflows on Solana are massive
One of the most notable indicators is the daily inflow of capital into Solana, which peaked at an impressive $776 million. This sustained influx of liquidity has played a crucial role in the growth of Solana-based tokens, especially in the memecoin sector. The increased demand has also contributed to the price appreciation of various assets in the Solana ecosystem.
We observe that #Solana has consistently maintained positive net capital inflow since early September 2023, with only minor outflows during this period.
This sustained influx of liquidity helped drive growth and price appreciation, reaching a remarkable peak… pic.twitter.com/ypuwTdhrmc
– glassnode (@glassnode) December 24, 2024
The report highlights evolving trends in the crypto market, where retail and institutional investors are embracing memecoins as high-risk, high-reward opportunities. Solana’s robust performance and thriving ecosystem have positioned it as a leader in this space, attracting the attention of merchants and developers.
As memecoins continue to gain traction, Solana’s steady inflows of liquidity and innovative projects provide a solid foundation for future growth. This trend highlights how blockchain ecosystems with strong fundamentals and active development can generate new market narratives, reshaping the direction of investors in 2024.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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