DeSci Projects Emerge as Market Leaders, Sector Expands Rapidly

Half of the top 10 decentralized science (DeSci) projects by market capitalization were launched in 2024

Recent data from Messari reveals the rapid growth of decentralized science (DeSci) projects, with half of the top 10 projects by market capitalization emerging in the past year.

This highlights the increasing adoption of blockchain technology in research, funding, and collaboration within the scientific community.

The chart, displaying data from CoinGecko as of December 30, 2024, compares the market caps of the top 10 DeSci projects over the past year.

The data showcases strong performance across the board, with many projects experiencing substantial growth.

OriginTrail (TRAC), a decentralized data network for transparent and verifiable supply chains, leads the pack with a market capitalization exceeding $350 million, up from $200 million at the end of 2023.

VitaDAO (VITA), a decentralized autonomous organization (DAO) dedicated to funding longevity research, also had a remarkable year, increasing its market cap from less than $100 million at the end of 2023 to over $150 million by December 2024.

Furthermore, ResearchHub, a decentralized science platform that connects researchers, funders, and institutions, saw its market cap grow substantially, reaching above $100 million, doubling its value from the end of 2023.

This rapid growth in market capitalization among DeSci projects is a testament to the increasing demand for decentralized solutions in science and technology.

Among the top 10 projects, The Innovation Game (TIG), a decentralized platform for open innovation and collective intelligence, had the smallest market cap, yet it still reached $23 million.

This showcases the overall expansion of the decentralized science sector, which is attracting attention due to its potential to enhance research, funding, and collaboration in science and technology.

In other related news, LunarCrush analytics revealed that the DeSci sector emerged as the top performer among crypto categories, boasting an average asset performance of +11.55%.

This highlights the strong price movements observed within DeSci projects throughout the year.

Moreover, DeSci also led the way in social engagement, with conversations around its top projects surging on social media platforms.

OriginTrail (TRAC) emerged as the most discussed project, with 1.38K mentions, reflecting a significant increase of 293 mentions throughout the year.

This increased social activity around DeSci projects further reflects their growing importance in the crypto space.

Dynex (DNX) also saw substantial growth in social mentions, reaching 801, up 265 from the previous year.

This growing presence on social media platforms showcases the increasing engagement with DeSci projects among crypto enthusiasts and the wider online community.

Among other projects, AxonDAO (AXGT) and GenomesDAO (GENOME) also garnered notable attention, with 505 and 503 mentions, respectively, reflecting a strong presence on social media.

Smaller projects, such as NCDT, Data Lake, and Galeon, also saw rising engagement from the crypto community on social media platforms.