The crypto market has shown dramatic shifts in narrative performance, with AI-driven technologies emerging as clear winners in the final month of 2024.

In contrast, meme coins and modularity projects have experienced significant declines in the last 30 days.

Winners and Losers

The latest data from Web3 analytics platform Dexu AI shows that AI agents generated an impressive 72.2% return over the past month, led by ai16z (AI16Z) and Phala Network’s PHALA token.

At that time, AI16Z saw its value rise by nearly 295%, while PHALA added 209% to its price. Other strong performers here were Virtuals Protocol (VIRTUAL), which gained 132% in 30 days, and the crypto market intelligence token AiXBT, which rose by 125%.

Recently, Bitfinex posited that AI agents could revolutionize crypto with their ability to perform tasks like executing transactions, managing digital wallets, and crafting investment strategies.

However, the category wasn’t the only success story in December. Centralized exchange (CEX) tokens also performed well, with the narrative climbing 41.37% across the month. Further, the “sweat-spot” sector, which focuses on projects combining blockchain functionality with user-focused applications, saw a respectable 24.4% rise.

Other traditional spaces, such as decentralized finance (DeFi) and derivatives, experienced relatively smaller but steady growth at 13.2% and 12.3%, respectively. Additionally, real-world assets (RWA) also did well, gaining 7.21%.

Nevertheless, the previous 30 days were not so profitable for the rest of the narratives. The retractions were led by the modularity category, which lost 32.1%, and low-risk tokens (LRTs), which dipped by 30.8%.

Meme coins also saw a substantial 28.7% decline, possibly reflecting investor fatigue. This was despite a recent Binance report indicating that such tokens had overtaken Bitcoin and Eth