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.
The latest WuBlockchain Weekly report captures a high-volatility week in crypto. From Bitcoin’s new all-time high to controversy around Pump.fun’s presale and Elon Musk’s political Bitcoin endorsement, markets are witnessing sharp shifts in momentum and policy.
U.S. financial circles are bracing for a potential shake-up as reports suggest Federal Reserve Chair Jerome Powell is considering stepping down.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
Changpeng Zhao, the former CEO of Binance, reportedly supported crypto projects linked to the Trump family while privately seeking a presidential pardon, according to a July 11 report by Bloomberg News.