Narratives

Discover where attention, capital and momentum are flowing across crypto.

Narrative Pulse

State

Movement

Strongest rotation: Layer 1→Memes

Narrative Heatmap9 shown

Narrative Research

All →

Strengthening

Memes

High social dominance and recent price surges in tokens like PEPE indicate strong retail-driven speculative interest.

22h ago72

Weakening

RWA

While long-term institutional interest remains, short-term price performance has cooled, leading to a slight dip in mome

22h ago62

Weakening

DeFi

DeFi remains a foundational pillar with consistent developer activity, but it currently lacks the explosive narrative gr

22h ago58

Strengthening

AI Infrastructure

Strong institutional backing and massive compute-related financing continue to drive high developer and capital commitme

22h ago78

Weakening

Gaming

High developer output is not currently translating into token price appreciation, leading to a decline in overall index

22h ago55

Weakening

DePIN

Steady developer activity persists, but the narrative is currently struggling to capture fresh speculative capital compa

22h ago65

Capital Rotation

Net Flow Momentum Index · proprietary relative score, not dollar volume

Full

Capital is aggressively rotating out of mature, lower-volatility sectors like DeFi and RWA into high-beta speculative assets like Memes and AI-related infrastructure.

Layer 1−60

+85Memes

Gaming−55

+80AI Infrastructure

Rotation breadth: 6 sectorsUpdated 10h ago

Emerging Narrative Leaders

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2 candidates

2 emerging narratives gaining momentum fastest

See which early-stage narratives are accelerating right now, ranked by momentum change.

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Narratives

RWA Tokenization

DePIN Infrastructure

AI Agent Payments

On-Chain Derivatives

Zero Knowledge

BTCFi Ecosystem

Memecoin Fatigue

Modular Blockchains

ReFi Contraction

Narrative Research

Capital Rotation

Emerging Narrative Leaders