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RWA Is the Best-Performing Crypto Sector in Q2: Artemis Data
Key points
- RWA tokens grew 28% in Q2, outpacing all other cryptocurrency sectors.
- Artificial intelligence tokens saw the sharpest decline, falling 60.7% in the second quarter.
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Data aggregator Artemis shows that real-world asset (RWA) tokens grew by an average of nearly 28% during the second quarter, dwarfing other cryptocurrency sectors. The tokens Artemis tracks to get the average are Ondo (ONDO), Mantra (OM), Clearpool (CPOOL), and Maple (MPL).
Over the same period, Bitcoin (BTC) and Ethereum (ETH) have fallen by 10% and 2%, respectively. The only crypto sector that has shown a positive performance alongside RWA tokens is centralized exchange tokens, which have grown by about 7%.
While these numbers may not seem out of the ordinary when you consider the volatility of cryptocurrencies, the average market performance in Q2 is -34.6%. The “Utilities and Services” sector, which includes tokens such as ENS, SAFE, and ANKR, managed to stay above the average market performance with a decline of 17%.
Despite being the most profitable narrative in Q1, meme coins saw an average drop of 33% in Q2. Floki Inu (FLOKI), Dogwifhat (WIF), and Memecoin (MEME) were the worst-performing meme coins tracked by Artemis over the period.
AI-related tokens, considered one of the hottest themes in the cryptocurrency world this cycle, saw a 60.7% decline in the second quarter, the worst average performance for the period.
Additionally, Bitcoin’s decentralized finance ecosystem suffered a 58% drop in Q2, despite the hype around this narrative exploding after the post-halving introduction of Runes. Other sectors that have underperformed include native decentralized exchange tokens, gaming, social finance (SocialFi), native decentralized application tokens, and oracles.
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