GMCI’s meme token and AI coin indices posted their best year-over-year growth rates ever

The GMCI 30 index for the top 30 cryptocurrencies came in third

06.01.2025 - 07:35

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What’s new? According to The Block’s review of the cryptocurrency indices of the GMCI provider, meme tokens and AI project coins showed the biggest gains in 2024. Layer 1 (L1) blockchain tokens and the top 30 crypto projects also significantly increased in value. 2 out of 12 indices deteriorated: GMCI Gaming lost about 16% and GMCI L2 fell by about 30%.

Material by The Block

What else is known? The Gaming Index includes 12 digital assets, the largest being Beam (BEAM), ImmutableX (IMX), and Gala (GALA), which account for almost 60% of the index value.

Notably, the index does not include TON, although games based on it for Telegram, available to the messenger’s nearly billion-strong audience, have more than doubled TON’s value in a year.

OKX has invested $5 million in TON Ventures to support TON-based developments

The allocated funds will be used to build a community of experienced mini-application developers

The L2 token index includes just nine assets, with the three largest, Mantle (MNT), Polygon (POL), and Arbitrum (ARB), accounting for more than 60% of the value. Price declines in POL (formerly MATIC) and ARB have impacted the index, despite MNT rising over the year.

The L2 index may show a reversal in 2025. Consensys’ Ethereum-based L2 network Linea plans to launch its token in Q1 2025, which could revitalize the sector. Unichain, an L2 network from the Uniswap protocol team with the native token UNI, has also scheduled a mainnet launch for early this year.

Trading volume on decentralized exchanges hit a record at $320,5 billion in December

The rate of centralized platforms is also at its highest since 2021

The GMCI 30 Index, which is a compilation of the 30 largest digital assets, is up nearly 90% in 2024, although it is down about 5,2% for the month. The index ranked third among the twelve indices in 2024, behind the meme token and AI coin indices.

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