While Bitcoin remains the leading cryptocurrency, many other crypto solutions serve specific industries and contribute to the overall growth of the crypto industry. Several crypto projects are making significant strides in DePIN, AI, Memes, RWA, and gaming.
For instance, DePIN, the acronym for Decentralized Physical Infrastructure Network, uses blockchain and crypto tokens to incentivize users to develop and maintain physical infrastructure networks. Although a relatively new concept, DePIN protocols represent a $24.23 billion market cap sector.
This sector has strong growth potential. DePIN coins have gained 0.23% in market cap since today’s trading opened, despite a slow market. Top blockchain protocols in this sector include Internet Computer (ICP), Filecoin (FIL), Render (RENDER), and Graph (GRT).
The AI sector has also grown significantly, with a total market cap of $30.33 billion. This includes some of the top-performing cryptocurrencies of the past few months, such as Near Protocol (NEAR), with a market cap of $6.21 billion. Other well-known AI crypto tokens include SingularityNET (AGIX), Artificial Superintelligence Alliance (FET), and AIOZ Network (AIOZ).
In the meantime, The memecoin sector has become prominent, with a market cap of nearly $60 billion. Most crypto traders use memecoins for speculation and profit, although some memecoin developers are expanding their use cases. Memecoins are known for their price volatility, attracting many crypto users during bull markets. Top memecoins include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE).
Real World Assets (RWA) tokens make up a smaller aspect of the crypto industry, with a market cap of $8 billion at the time of writing. MANTRA (OM), Ondo (ONDO), and Pendle (PENDLE) comprise the three top RWA tokens by market cap as of the time of writing. RWA creators use them to represent tangible assets that exist outside the digital spectrum, including bonds, real estate, commodities, and machinery.
Crypto gaming protocols, also known as GameFi protocols, have a $17.47 billion market cap. Analysts expect rapid growth in this sector, driven by the potential adaptation of existing non-crypto gaming solutions to become blockchain-compliant. Top GameFi solutions include Immutable X (IMX), Notcoin (NOT), and GALA (GALA).
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