RWA is the best performing cryptocurrency sector in Q2: Artemis data

Data aggregator Artemis shows that real-world asset (RWA) tokens rose an average of nearly 28% in Q2, outperforming other cryptocurrency sectors. Tokens tracked by Artemis to arrive at the average include Ondo (ONDO), Mantra (OM), Clearpool (CPOOL), and Maple (MPL).

During the same period, Bitcoin (BTC) and Ethereum (ETH) fell by 10% and 2%, respectively. The only cryptocurrency sector to show positive results alongside RWA tokens is centralized exchange tokens, with an increase of around 7%.

While these numbers may not seem out of the ordinary given the volatility of cryptocurrencies, the average market performance in Q2 was -34.6%. The “Services and Services” sector, which includes tokens like ENS, SAFE, and ANKR, managed to stay above the average market performance, recording a 17% decline.

Despite being the most profitable narrative in Q1, meme coins showed an average decline of 33% in Q2. Floki Inu (FLOKI), Dogwifhat (WIF), and Memecoin (MEME) were the worst performing meme coins tracked by Artemis during this period.

AI-related tokens, considered one of the most important themes in cryptocurrency this cycle, saw a 60.7% decline in the second quarter, the worst average performance during the period.

Moreover, the Bitcoin decentralized finance ecosystem also saw a 58% crash in Q2, despite the hype around this narrative exploding after the introduction of Runes after the halving. Other sectors that performed below average included native tokens of decentralized exchanges, gaming, social finance (SocialFi), native tokens of decentralized applications, and oracles.