New data from market intelligence platform IntoTheBlock reveals that the market cap of memecoins has hit its highest level since 2021.

市場情報平台 IntoTheBlock 的新數據顯示，memecoin 的市值已達到 2021 年以來的最高水準。

In a new article, IntoTheBlock’s head of research, Lucas Outumuro, says that the aggregate value of meme assets has nearly tripled in Q1 of 2024 to $56 billion.

IntoTheBlock 的研究主管 Lucas Outumuro 在一篇新文章中表示，2024 年第一季度，表情包資產的總價值幾乎增加了兩倍，達到 560 億美元。

“Demand for memecoins hit the highest since 2021 this quarter. Despite interest rates remaining high and no ’stimmy checks’ being sent out, appetite for seemingly useless crypto-assets has been very strong.

「本季對 memecoin 的需求達到 2021 年以來的最高水準。儘管利率仍然很高，並且沒有發出“刺激支票”，但對看似無用的加密資產的興趣非常強烈。

It’s unclear whether this is due to the economy getting overheated, or perhaps just growing financial nihilism, but memecoins have become the main subject in crypto over the last few months.”

目前還不清楚這是否是由於經濟過熱，或者只是金融虛無主義的增長，但模因幣在過去幾個月已經成為加密貨幣的主要主題。”

According to the crypto analytics firm, some of the winning meme assets are Dogecoin (DOGE), Pepe (PEPE) and Shiba Inu (SHIB). IntoTheBlock notes that DOGE witnessed 100% gains in Q1 while SHIB went up by 2.5x and PEPE printed nearly 5x gains.

據加密分析公司稱，一些獲勝的模因資產包括狗狗幣 (DOGE)、佩佩 (PEPE) 和柴犬 (SHIB)。 IntoTheBlock 指出，DOGE 在第一季上漲了 100%，而 SHIB 上漲了 2.5 倍，PEPE 上漲了近 5 倍。

However, the biggest winner, according to IntoTheBlock, is dogwifhat (WIF), a Solana (SOL)-based memecoin.

然而，根據 IntoTheBlock 的說法，最大的贏家是基於 Solana (SOL) 的迷因幣 Dogwifhat (WIF)。

“Memecoins have thrived in lower fee ecosystems, with Solana recording multiple days with larger trading volumes than Ethereum this quarter. More than just a dog coin, the leading meme coin in Solana, WIF boasts a dog with ‘wif a hat’ and a rampant community behind its 20x yearly returns.”

「Memecoin 在較低費用的生態系統中蓬勃發展，本季 Solana 的交易量連續多天超過以太坊。 WIF 不僅僅是一枚狗幣，它是 Solana 領先的模因幣，WIF 擁有一隻戴著“wif a hat”的狗，以及其 20 倍年回報率背後的一個猖獗的社區。”

Lastly, the firm notes that the meme asset capital rotation has made its way to Ethereum (ETH) due to last month’s Dencun upgrade, which lowered gas fees.

最後，該公司指出，由於上個月的 Dencun 升級降低了 Gas 費用，模因資產資本輪換已轉向以太坊（ETH）。

“More recently, the meme frenzy has found its way back to Ethereum, mainly on top of Coinbase’s Base layer-2 network. This has been facilitated by gas fees dropping by more than 10x since the Dencun upgrade.”

「最近，迷因狂熱又回到了以太坊，主要是在 Coinbase 的 Base Layer-2 網路之上。自 Dencun 升級以來，汽油費下降了 10 倍以上，這促進了這一點。”