Crypto data aggregator CoinGecko unveiled its quarter 1 report for 2025, highlighting the superiority of meme coins and AI coins. Meme coins hiked 16.5%, whereas AI coins met a 14.4% increase, accounting for 62.8% of investor interest. Additionally, “Made in USA tokens”, Solana meme coins, and AI Agents were the trending cryptocurrency categories of Q1.
(Meme coins and AI coins made a significant mark in Q1. Source: CoinGecko)
Putting all together, the crypto market is repeating the same old narratives, repeating the same trend as before. “Seems like we have yet to see another new narrative emerge, and we are still following past quarters’ trends,” Bobby Ong, co-founder of CoinGecko, posted on X. “I guess we are all tired of the same old trends repeating themselves.”
Furthermore, Bitcoin experienced a surge from 4.6 p.p. (percentage points) to 59.1% irrespective of the staggering market in the first quarter. However, altcoins such as Ethereum l
(Trading volume of the top 10 Perp DEXes in the past 6 months. Source: CoinGecko)
Analysing the Decentralized Perpetual Exchanges (Perp DEXes) trading volume, Hyperliquid waved a green flag, whereas other DEX players haven’t performed well. “I really hope to see other Perp DEXs innovating and giving more competition to Hyperliquid,” wrote Bobby Ong on an X post. However, the trading volume of these 10 DEXs spiked from $572.6 billion in 2024 Q4 to $799.2 billion in 2025 Q1.
Although meme coins were trending in the first quarter, they nosedived after the Libra (LIBRA) token scandal in February 2025. Argentine President Javier Milei had endorsed the coin, pointing out its potential for economic stability. However, when scammers allegedly pulled out nearly $107 million worth of the coin, things turned out differently, leaving the meme coin market reeling.
Looking at the current market situation, the global crypto market cap has gained a 0.91% increase at $2.67 trillion over the last day. Bitcoin, XRP, and Solana are indicating green flags at the time of reporting. Meanwhile, Ethereum, TRON, Toncoin, and Sui have dipped slightly in the past 24 hours.
