DWF 實驗室報告稱，Memecoins 將在 2024 年主導數位資產類別

500% 的飆升使得該類別的市值從 1 月的 $20B 增長到年底的超過 $120B。

A deep dive into the DWF Labs report reveals that memecoins attained market dominance over other digital asset classes in 2024. The category experienced a 500% surge, expanding from a market cap of $20 billion in January to over $120 billion by the year-end.

深入研究 DWF Labs 報告顯示，memecoin 在 2024 年相對於其他數位資產類別獲得了市場主導地位。

The report highlights the evolution of memecoins, which began as a satirical commentary on crypto assets with Dogecoin and later transformed into a specialized “market vertical” attracting substantial institutional attention and capital flows.

該報告強調了模因幣的演變，它最初是對狗狗幣加密資產的諷刺評論，後來轉變為專門的“垂直市場”，吸引了大量機構關注和資本流動。

Memecoins like Andy Eth and Chill Guy, launched in 2024, reportedly achieved gains of over 47,000%. Early adopters of such projects witnessed significant additions to their portfolios.

據報道，Andy Eth 和 Chill Guy 等 Memecoin 於 2024 年推出，漲幅超過 47,000%。此類專案的早期採用者見證了他們的投資組合的顯著增加。

The success of memecoins challenged conventional notions of asset fundamentals and intrinsic value, as noted by DWF Labs. The report suggests that social capital and community consensus in the digital economy can be as powerful as traditional financial metrics.

DWF 實驗室指出，迷因幣的成功挑戰了資產基本面和內在價值的傳統觀念。該報告表明，數位經濟中的社會資本和社區共識可以與傳統金融指標一樣強大。

Pump(.)fun, a platform that enables the rapid creation of tokens, played a crucial role in driving the achievements of the memecoin sector, according to the DWF report. Despite challenging market conditions, Pump(.)fun emerged as one of the top dApps generating revenue in 2024.

根據 DWF 的報告，Pump(.)fun 是一個能夠快速創建代幣的平台，在推動 memecoin 行業取得成就方面發揮了至關重要的作用。儘管市場條件充滿挑戰，Pump(.)fun 仍成為 2024 年創造收入的頂級 dApp 之一。

Within the first few months following the platform’s debut, thousands of meme tokens were generated and launched. However, this influx of tokens sparked a debate over the dilution of capital and attention throughout the year.

在該平台推出後的最初幾個月內，產生並推出了數千個迷因代幣。然而，代幣的湧入引發了全年資本和注意力稀釋的爭論。

The report also highlights the boosting effect of listings on top exchanges like Binance for memecoins. Among memecoins listed on Binance in 2024, over 80% witnessed significant growth, with tokens like MOODENG, WIF, and POPCAT surging by 200%.

該報告還強調了在幣安等頂級交易所上市對模因幣的促進作用。 2024 年幣安上線的 memecoin 中，超過 80% 的幣種出現了顯著增長，其中 MOODENG、WIF、POPCAT 等幣種漲幅高達 200%。

According to the report, memecoins held a strong appeal among young investors, indicating how this particular group perceived community engagement and wealth building. Young investors did not just view memecoins as worthless tokens but rather as representative of a digital culture that served as a symbol of community expression.

根據該報告，模因幣在年輕投資者中具有強大的吸引力，這表明了這個特定群體如何看待社區參與和財富建設。年輕投資者不僅將模因幣視為毫無價值的代幣，而且將其視為數位文化的代表，作為社區表達的象徵。

As 2025 begins on a high note, the market anticipates memecoins will replicate last year’s performance. Chainalysis observed a rising interest in memecoins, especially in Africa, where most meme token owners traded them primarily for income rather than portfolio diversification.

隨著 2025 年的高調開局，市場預計 memecoin 將複製去年的表現。 Chainaanalysis 觀察到人們對 memecoin 的興趣日益濃厚，尤其是在非洲，那裡大多數 meme 代幣所有者主要是為了收入而不是投資組合多元化而進行交易。

“Someone is always going to be interested in a token that seems like it could make you the next couple thousand dollars,”

“總是會有人對似乎可以為你帶來幾千美元的代幣感興趣，”

-Moyo Sodipo, co-founder of Nigerian crypto exchange Busha

——Moyo Sodipo，奈及利亞加密貨幣交易所 Busha 共同創辦人

The report noted that memecoins outperformed well-established crypto assets like Bitcoin during market uptrends. However, they also underperformed major crypto assets during market downtrends.

該報告指出，在市場上漲趨勢中，迷因幣的表現優於比特幣等成熟的加密資產。然而，在市場下跌趨勢期間，它們的表現也遜於主要加密資產。

Memecoins, as stated in the DWF Labs report, represented a new form of socially coordinated value creation. The tokens acted as vehicles for shared cultural experiences, community expression, and digital identity. This transformation gave rise to a new value creation model in digital assets, where social capital and community-driven growth became the core drivers. Creators and markets were now connected through decentralized mechanisms and systems that enabled rapid deployment and community formation.

正如 DWF 實驗室報告所述，Memecoin 代表了一種社會協調價值創造的新形式。這些代幣充當了共享文化體驗、社區表達和數位身分的載體。這一轉變催生了數位資產新的價值創造模式，其中社會資本和社區驅動的成長成為核心驅動力。創作者和市場現在透過去中心化機制和系統連接起來，從而實現快速部署和社區形成。

The merging of financial markets and social dynamics in 2024 created unparalleled opportunities for generating value, which was particularly evident in the shift in the memecoin sector. Unique categories within the memecoin ecosystem generated value across different societal themes and trends to produce high returns. It demonstrated how the memecoin subcategories co-existed, indicating the market’s capacity to support multiple parallel utility-enhanced tokens.

2024 年金融市場和社會動態的融合創造了無與倫比的價值創造機會，這在迷因幣產業的轉變中尤其明顯。模因幣生態系統中的獨特類別在不同的社會主題和趨勢中產生價值，從而產生高回報。它展示了 memecoin 子類別如何共存，表明市場有能力支援多個平行實用增強型代幣。

While established meme tokens like SHIB and DOGE proved the viability of meme-based projects, newer assets like WIF demonstrated the market’s appetite for well-executed memecoin launches.

雖然 SHIB 和 DOGE 等成熟的 meme 代幣證明了基於 meme 的專案的可行性，但像 WIF 這樣的新資產證明了市場對執行良好的 memecoin 發行的興趣。

The most compelling development was the introduction of cross-vertical tokens that combined utility with the viral nature of memes. It was particularly captured in AI-themed memecoins, where the transformative potential of AI was met by the cultural resonance of memes. According to the DWF report, this created a more sophisticated value proposition that appealed to institutional and retail participants.

最引人注目的發展是跨垂直代幣的引入，它將實用性與模因的病毒性相結合。它尤其體現在以人工智慧為主題的迷因幣中，其中人工智慧的變革潛力透過迷因的文化共鳴得到滿足。根據 DWF 報告，這創造了一個更複雜的價值主張，吸引了機構和零售參與者。