Memecoins experienced substantial growth in 2024, with their market capitalization increasing from $20 billion to $120 billion before settling at $98 billion by year-end, representing a 500% rise. Despite this impressive growth, the sector faced challenges, including a $40 billion loss in December. The memecoin market is seen as transformative, with DWF Labs highlighting its potential to accelerate asset launches and democratize capital. Additionally, the decentralized science (DeSci) market cap, excluding long-tail memecoins, stands at $1.2 billion, which constitutes just 0.035% of the overall crypto market. Ethereum continues to dominate with 49% of projects launched in previous cycles, while Solana is gaining traction, accounting for 40% of projects launched post-2023.