Posted: November 20, 2024

• DeSci crypto space’s market cap rose by over 47% in the past 24 hours.
• AIMX’s market cap also rose by over 200% in the same time frame.

DeSci cryptocurrencies have been gaining significant traction in the past few days, emerging as a hot topic right after memecoins.

This innovative category has seen a sharp increase in trading volume, drawing attention from investors.

Notably, Aimedis [AIMX] has led the charge, recording an impressive 200% surge in value within 24 hours.

DeSci crypto market cap and volume surge

According to CoinGecko, the market capitalization of DeSci cryptocurrencies has risen by over 47% in the last 24 hours, reaching nearly $1.3 billion.

Alongside this growth, trading volume has seen a dramatic spike, climbing to approximately $464 million. 

Among the leading tokens in this category, VitaDAO [VITA] has shown the most significant growth over the past week, gaining more than 200%.

Trading at around $5.20 at press time, VITA’s market capitalization stood at over $3.8 million. However, Aimedis was the standout performer in both short-term and weekly growth metrics.

Aimedis has captured attention with a 216% price hike in the last 24 hours, rising from $0.0017 to $0.005, at press time. Over the past week, its value has surged by 417%, boosting its market capitalization to nearly $1.9 million.

AIMX also saw an unprecedented rise in trading activity, with its volume skyrocketing by over 7,100% in the past day.

At the time of writing, AIMX’s trading volume was around $687K, making it the most active and highest-performing token in the DeSci crypto space.

DeSci crypto: The next big thing after memecoins?

The recent surge in DeSci crypto metrics suggested that this category was gaining increased attention from the market.

While memecoins still dominate with a market capitalization of around $125 billion and daily trading volumes nearing $32 billion, DeSci tokens are carving out a niche with their unique applications.

If this momentum continues, DeSci tokens could see sustained growth, offering investors opportunities in a space driven by real-world use cases rather than pure speculation.

As the buzz around DeSci grows, its potential to rival other major crypto categories becomes more evident.