What's really trending in December: AI, DePIN, RWA, memes

Despite the downturn, AI tokens, DePIN, RWA, meme coins, and yield projects with clear returns remain in the top narratives. DeFAI/DeSci turned out to be one of the worst, focusing on infrastructure, stable cash flow, and network effects.

What narrative for 2026: AI, DePIN or memes?