The Block’s GMCI index shows that Meme Coin and the AI index have seen the largest gains in 2024, while L1 tokens and the top 30 crypto projects by market cap have also performed well.
However, in 2024, two of the twelve total indexes fell overall: GMCI Gaming fell by about 16% in 2024, and GMCI L2 fell by about 30%.
The Gaming Index holds 12 digital assets in the gaming track, with its top holdings Beam (BEAM), ImmutableX (IMX), and Gala (GALA) accounting for nearly 60% of the index’s value. Notably, the index does not include TON, even though the Telegram-based crypto game has an audience of nearly 1 billion and TON’s value grew by more than 100% in 2024.
The L2 Index holds only 9 assets, with its top three holdings Mantle (MNT), Polygon (POL), and Arbitrum (ARB) accounting for more than 60% of the index’s value. While MNT rose throughout 2024, falling prices for POL (formerly MATIC) and ARB dragged down the index.
However, 2025 could reverse the downward trend of the L2 index. Linea plans to launch its token in the first quarter of 2025, which could help revitalize the industry. Unichain, the L2 network developed by Uniswap, also plans to launch its mainnet in "early 2025," adding another chain to Optimism's superchain ecosystem.
The GMCI 30 index, which represents the top 30 digital assets by market capitalization, rose nearly 90% in 2024, although it fell about 5.2% that month. The index performed third best among the 12 indices in 2024, behind only Meme Coin and the AI Index.