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

市场情报平台 IntoTheBlock 的新数据显示，memecoin 的市值已达到 2021 年以来的最高水平。

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，表情包资产的总价值几乎增加了两倍，达到 560 亿美元。

“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.

“本季度对 memecoin 的需求达到 2021 年以来的最高水平。尽管利率仍然很高，并且没有发出“刺激支票”，但对看似无用的加密资产的兴趣却非常强烈。

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.”

目前还不清楚这是否是由于经济过热，或者只是金融虚无主义的增长，但模因币在过去几个月已经成为加密货币的主要主题。”

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.

据加密分析公司称，一些获胜的模因资产包括狗狗币 (DOGE)、佩佩 (PEPE) 和柴犬 (SHIB)。 IntoTheBlock 指出，DOGE 在第一季度上涨了 100%，而 SHIB 上涨了 2.5 倍，PEPE 上涨了近 5 倍。

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

然而，根据 IntoTheBlock 的说法，最大的赢家是基于 Solana (SOL) 的模因币 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 在较低费用的生态系统中蓬勃发展，本季度 Solana 的交易量连续多天超过以太坊。 WIF 不仅仅是一枚狗币，它是 Solana 领先的模因币，WIF 拥有一只戴着“wif a hat”的狗，以及其 20 倍年回报率背后的一个猖獗的社区。”

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.

最后，该公司指出，由于上个月的 Dencun 升级降低了 Gas 费用，模因资产资本轮换已转向以太坊（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，模因狂热又回到了以太坊，主要是在 Coinbase 的 Base Layer-2 网络之上。自 Dencun 升级以来，汽油费下降了 10 倍以上，这促进了这一点。”