CoinGecko just released its comprehensive report on the crypto industry in 2024. This report noted the massive successes of Bitcoin after the ETF approval, and huge interest in areas like meme coins and AI agents.
Co-founder Bobby Ong also shared exclusive comments with BeInCrypto, describing his optimism for 2025.
CoinGecko’s Bullish 2024 Report
The CoinGecko annual report reflects the industry’s remarkable profit in 2024 after the SEC approved Bitcoin ETFs in January. This new market led by IBIT became an all-time winner in the whole ETF space, bringing over $100 billion to the crypto market.
“2024 was a testament to the meaningful progress crypto has made in achieving TradFi and institutional recognition. After the past few challenging years, we look forward to the continued bull market in 2025,” Bobby Ong, COO and co-founder of CoinGecko, said in an exclusive statement with BeInCrypto.
All in all, the total crypto market cap rose by 97.7% in the last year, finishing with a whopping $3.4 trillion. The momentum wasn’t stable throughout the year, as Q3 saw some pullbacks and slowed progress.
However, Donald Trump’s electoral victory brought fresh momentum and a new bull market. The report clearly shows that the US political developments put crypto in the world spotlight.
Due to its immense price growth and market dominance, Bitcoin came out a clear winner as the most sustainable asset in the market. In addition to hitting an impressive all-time high, BTC also outperformed major asset classes like gold and crude oil. It also accounted for more than half of the total crypto market cap.
Additionally, Ong noted that different blockchain ecosystems competed fiercely for users and developers, and meme coins and AI dominated the discourse. According to the CoinGecko report, transactions on Ethereum L2 solutions increased 48.3%.
However, Solana still saw the largest growth among all networks, becoming the most dominant chain for DEX trading.
AI agents also came to dominate clearly in a bullish new market. CoinGecko reported that the whole field took off after GOAT launched in October, combining the strengths of AI agents and meme coins. The market cap for AI agents grew 322.2% in Q4, representing an astounding $15.5 billion.
CoinGecko maintained a bullish tone throughout its report, counting successes and positive momentum. It is always difficult to predict the future for volatile assets like crypto, but this data overwhelmingly suggests an optimistic 2025.
The post CoinGecko Crypto Industry Report 2024: Bitcoin Growth, Meme Coins, and AI Agents appeared first on BeInCrypto.
