MarketVector, a VanEck initiative, has introduced a new index to monitor the performance of major meme coins like Dogecoin and Shiba Inu, among others. This index, reflecting a $44.67 billion market cap, showcases a notable 195% annual growth, outpacing both the broader crypto market and significant tokens such as bitcoin. The continued interest in meme coins, supported by lower transaction costs on platforms like Solana, signals a robust market trend.