PANews reported on January 2 that according to Cryptonews, DWF Labs said in a report on Thursday that Meme coin will achieve significant growth in 2024, with its market value soaring from US$20 billion in January to over US$120 billion in December, an increase of 500%. DWF Labs' report highlights how encryption infrastructure has changed the way digital assets are created and distributed. This efficiency has led to a new era of rapid development, lowering the threshold for value creation and making the market more agile and responsive in all areas.

However, DWF Labs says the real game changer is the rise of cross-domain tokens that combine the infectiousness of memes with real utility. AI-themed Meme coins embody this trend by combining meme culture with the transformative potential of artificial intelligence. This combination offers a unique value proposition that attracts individual investors and large institutions. DWF Labs believes that the Meme coin phenomenon is not just a short-lived trend, but reflects a shift in the way value is created and shared in digital markets. Although specific trends may fade, the core ideas of rapid token creation and community-driven value are likely to exist in the crypto space for a long time.

Coingecko data shows that the total market value of Meme coin is currently US$118 billion, with a 24-hour increase of 9.4%.