The crypto sector witnessed a drastic transformation in 2024. As per CoinMarketCap’s “2024-20205 Yearbook,” the top crypto segments including ETFs, meme coins, Web3, and more witnessed massive advancements. The platform shared the latest report on its official website.
CoinMarketCap 2024-2025 Yearbook Presents TON as Leading Blockchain Throughout 2024
CoinMarketCap revealed in its “2024-2025 Yearbook” that TON blockchain experienced a meteoric rise during 2024. The Telegram-native L1 network reportedly skyrocketed from 100K consumers to a stunning 17.4M users. In this respect, it obtained the top 8th place on CoinMarketCap’s ranking. In addition to this, with its integration into 1,400 dApps of Telegram, TON has revolutionized the broader potential of the blockchain technology.
Nonetheless, to achieve this success, TON witnessed several challenges. One of them was the arrest of Pavel Durov (the CEO of Telegram) in Paris in August for moderation problems. This triggered a huge community response, leading to a rise instead of a slump. Additionally, across campaigns on the social media, the community expressed unity and resilience for TON. Apart from that, it also carried out strategic collaborations, including the partnership with Tether, to solidify its position in the market.
$WIF, $MEW, $POPCAT Led the Meme Coin Sphere
Moreover, CoinMarketCap’s report also highlights the top projects that shaped the crypto market during 2024. They reportedly include meme coins like $WIF, $MEW, and $POPCAT. Along with that, the applications of Binance Launchpool and Polymarket also showed a significant growth. Subsequently, Story, Monad, and Berachain emerged as rising stars among the crypto projects in 2024.
The year 2024 also recorded remarkable development in AI, Infrastructure, and RWA sectors. The AI projects like Prime and Bittensor gained so much popularity for integrating AI into decentralized finance. Additionally, Clearpool and Ondo contributed a lot to fill the gap between crypto and physical asses. Concurrently, infrastructure solutions like Wormhole and Sui efficiently addressed the scaling issues.
BTC’s Babylon and ORDO, ETH’s Base and Ether.fi, and SOL’s Pyth and Jito Topped Market
Furthermore, in RWA sector, Bitcoin ecosystem witnessed Babylon and ORDO as the top projects. Ethereum’s prominent projects included Base and Ether.fi while Solana beheld Pyth and Jito. Within $TON, $DOGS and $NOT became outperformers during 2024. In its report, the CoinMarketCap additionally pointed out the mostly used crypto slangs. They include, “Sendor,” “We Are So Back,” “Giga Chad,” “LARP,” “Believe in Something,” “Conviction Play,” “Valhalla,” and “Retire Your Bloodline.” It also presented a quest to provide rewards to the participants while aiming to increase community engagement.
