The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and newly emerging sectors scooping up the lion’s share of profits.
According to data from BitEye, CoinGecko, and Wu Blockchain, memecoins led the competition by recording a staggering 1,834% returns since the start of 2024. In second place was the real-world asset tokenization sector, which returned 214% to investors. Artificial intelligence blockchain projects returned a healthy 72%, while decentralized physical infrastructure networks saw returns of 59%.
Solana’s architecture and focus on user-friendly features that simplify token and smart contract deployment have earned the network a reputation of being theNo industry analysis can be complete without addressing the burgeoning real-world asset tokenization sector, which has become a favorite topic of institutional investors and banks.$874 trillion in wealth, as the world’s investment funds, stocks, bonds, mutual funds, and even real estate migrate onchain.