Memecoins Post 103% Average Returns Over the Past 30 Days, Significantly Outperforming the Crypto Market

Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period

Memecoins’ recorded an average gain of 103% over the past 30 days, outperforming the crypto market's average return of 16.1%, according to data from Artemis.

Out of the 22 crypto sectors tracked by Artemis, only nine beat the market’s average monthly return.

The “store of value” sector, which includes tokens like Dash (DASH), Litecoin (LTC), and Monero (XMR), registered an average gain of 48.2%.

Meanwhile, smart contract platforms like Solana (SOL) and Sui (SUI) posted average gains of 24.3%, barely outperforming the market's average return.

Despite strong performance by SOL and SUI, the overall sector's gains were impacted by losses from other tokens in the index.

Tokens related to oracles, DEXs for perpetuals trading, centralized exchanges, and general DeFi applications also outperformed the market.

On the other hand, tokens from the AI and social sectors performed negatively, with variations of -1.6% and -4.6%, respectively.

Moreover, the data availability sector crashed 14.6% over the past 30 days, marking the worst performance during this period.

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