tl;dr
According to Binance Research, memecoins are the top-performing sector in digital assets, with a 279% return year-to-date, driving significant activity among traders. The study also highlights Base and Solana as the leading blockchains for the memecoin surge, and notes emerging artificial intelligen...
Memecoins, particularly on Ethereum (ETH) layer-2 chain Base and Solana (SOL), are leading the crypto surge, with a 279% return and driving significant trader and community interest. (Source: Binance Research)
Emerging AI technologies and decentralized finance (DeFi) sub-sector are also driving crypto consumer interest, with DeFi experiencing a 72.8% increase in total value locked (TVL) to US$94.1B in 2024. (Source: Binance Research)
Binance highlights the tokenization of real-world assets and the growing Bitcoin (BTC) ecosystem as other crypto sectors to watch in the rest of the year. (Source: Binance Research)
According to Binance Research, memecoins are the top-performing sector in digital assets, with a 279% return year-to-date, driving significant activity among traders. The study also highlights Base and Solana as the leading blockchains for the memecoin surge, and notes emerging artificial intelligence (AI) projects and decentralized finance (DeFi) as driving crypto consumer interest. DeFi has experienced a 72.8% increase in total value locked (TVL) to US$94.1B in 2024. Looking ahead, Binance identifies the tokenization of real-world assets and the growing Bitcoin (BTC) ecosystem as sectors to watch. The research arm of the leading crypto exchange by trading volume says that one growing sector of digital assets is far outpacing the rest. According to a new study by Binance Research, memecoins are driving crypto awareness in 2024. “Memecoins have driven a significant amount of activity among traders and captured a notable amount of attention within the crypto community. Considering that memecoins have been the top performing sector year-to-date and have returned a staggering 279%, it is hardly surprising that it has been a sector that has garnered much interest.” Source: Binance Research Coinbase’s Ethereum (ETH ) layer-2 chain Base and ETH-competitor Solana (SOL ) are the two blockchains leading the memecoin surge, according to Binance Research. Binance notes that crypto projects associated with emerging artificial intelligence (AI) technologies have also driven crypto consumer interest. The research also finds that the decentralized finance (DeFi) sub-sector has found new life in 2024. “2024 has seen a substantial influx of capital into Decentralized Finance (‘DeFi’), driving the TVL (total value locked) up 72.8% year-to-date (‘YTD’) to US$94.1B, from US$54.4B at the year’s start. This boost has benefited nearly every DeFi sector, across both major and niche markets, leading to the emergence of protocols that are making previously inaccessible financial primitives available on-chain.” Looking forward to the rest of the year, Binance highlights the tokenization of real-world assets and the growing Bitcoin (BTC ) ecosystem as other crypto sectors to keep an eye on.
More about Emeren Group Ltd
Emeren Group Ltd develops, builds, operates, and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 104.825M
Dividend Yield: None
EPS: -0.16
Shares Outstanding: 1.918M
Beta: -0.127
Volume: 106.582M
Latest Close: 4.38
Latest Open: 3.42
Latest Change: 0.148
More about C3 Ai Inc
Company: C3 Ai Inc
Stock Ticker: C3
Sector: Technology
Industry: Services - Prepackaged Software
Market Cap: $3,474,309,000
Dividend Yield: None
EPS: -2.34
PE Ratio: 2.602
ROE: -0.901
Volume: 310,582,000
Stock Price: $29.35
52-Week Range: $0 - $0.196