# Crypto narrative indices

8 fixed equal-weight theme baskets (AI, RWA, DePIN, meme, L1, L2, DeFi, quantum) from Binance daily closes, rebased to 100 on 2025-01-01 and recorded daily.

Source: https://bykaranteli.com/themes · attribute to ByKaranteli and quote the timestamp.

Equal-weight baskets, index = 100 on 2025-01-01, built 2026-10-18T00:40:08.806Z.

| Theme | Index | 7d | 30d | 90d | YTD | Members |
| --- | ---: | ---: | ---: | ---: | ---: | --- |
| quantum | 121.7 | -8.3% | +63.9% | +87.1% | +44.6% | QNT BTC ETH |
| l2 | 12.7 | -9.3% | +34.3% | +60.6% | -26.1% | ARB OP POL STRK ZK SCR METIS |
| ai | 24.1 | -9.0% | +26.2% | +40.8% | +21.5% | TAO FET RENDER NEAR WLD ARKM AI GRT |
| depin | 19.1 | -6.0% | +24.2% | +46.7% | -7.6% | FIL RENDER IO AR IOTX GLM THETA |
| rwa | 34.6 | -3.5% | +13.9% | +40.5% | +1.1% | ONDO LINK PENDLE POLYX RSR SYRUP PLUME |
| defi | 56.3 | -10.9% | +12.9% | +78.2% | +30.4% | UNI AAVE SKY LDO CRV JUP RAY ENA CAKE |
| l1 | 40.2 | -7.0% | +11.0% | +29.0% | -24.6% | ETH SOL BNB ADA AVAX SUI TRX GRAM APT DOT |
| meme | 17.2 | -8.8% | +1.3% | +21.4% | -31.9% | DOGE SHIB PEPE WIF BONK FLOKI TRUMP PENGU |

BTC index over the same base: 30d +6.6%. Measurement of narrative rotation, not a recommendation.

## Related

- https://bykaranteli.com/altseason
- https://bykaranteli.com/indices
- https://bykaranteli.com/factors

Everything in one fetch: https://bykaranteli.com/llms-full.txt