Key Points
Data from Delphi Digital reveals that various crypto sectors, including AI frameworks and meme coins, have experienced significant declines this year.
Performance of Crypto Sectors
These sectors have underperformed compared to benchmark assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
AI frameworks and platforms have seen the largest decline, falling by an average of 84.05%.
Agent-based projects have also suffered, down 70.27% on average.
The meme coin sector has seen a significant drop, falling by 51.74% this year.
This performance is surprising given the expectations of traders.
A survey by Binance in December revealed that 45% of users believed AI projects and meme coins would lead the crypto market in 2025.
The gaming infrastructure and modular solutions sectors have also experienced losses of 51.54% and 47% respectively.
The AI and DePIN sector is down 42.41%.
The Layer 1 sector has seen a smaller decline of 26%.
Despite falling below the $90,000 mark, Bitcoin’s performance has been relatively stable with a 5.23% decline.
In comparison, Ethereum and Solana have seen declines of 25.5% and 24.8% respectively.
On average, benchmark assets have fallen by 18.53%.
The crypto market experienced a major crash on February 25 when Bitcoin fell below $90,000 for the first time since November 2024.
This led to crypto liquidations exceeding $1 billion, with long positions making up the majority of these liquidations.
