Meme coins are dominating the crypto market in July, outperforming all other sectors with a staggering 30.06% return so far this month, according to the latest data from CoinDesk.
The basket performance chart highlights strong momentum in community-driven tokens, far ahead of other narratives.
Following meme coins, staking tokens have returned 15.83% month-to-date, reflecting growing interest in passive yield strategies. Metaverse and gaming assets are close behind at 14.93%, showing renewed investor appetite in virtual ecosystems.
Layer 2 solutions also delivered a solid 14.37% gain, suggesting confidence in scalable blockchain alternatives. Layer 1s performed slightly below with 12.45%, still a notable rebound amid recent market strength.
Other strong performers include DeFi (12.57%), the CoinDesk 20 index (12.75%), and infrastructure-related tokens (10.80%).
In contrast, the AI category is the biggest underperformer with a -12.40% return. Despite previous hype around artificial intelligence integrations, the sector has failed to maintain upward momentum in July.
Exchange tokens posted a modest 4.21% gain, while real-world asset (RWA) tokens climbed 7.43%, continuing their steady ascent in recent months.
The chart, which covers performance from June 30 to July 11, shows a clear divergence in market sentiment—where meme-driven tokens and staking strategies are currently leading the charge.
Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
Robinhood has officially introduced Ethereum (ETH) and Solana (SOL) staking services for its U.S. customers, offering a new way for users to earn rewards on their crypto holdings.
Binance CEO Richard Teng shared an optimistic outlook on the future of cryptocurrencies during an appearance on Mornings with Maria, highlighting growing global acceptance, regulatory progress, and strategic reserve integration.