What Is Crypto Narrative Intelligence?
Sharpe Terminal tracks 22 crypto narratives in real-time, including DeFi, Layer 1, Layer 2, AI Agents, DeFAI, DePIN, DeSci, Gaming, DEX, Lending, Memes, RWA, Stablecoins, Restaking, Liquid Staking, and more. Each narrative aggregates performance, volume, market cap, and derivatives data across its constituent tokens to reveal which sectors are attracting capital and which are losing momentum — the crypto equivalent of sector rotation analysis.
How to Use the Narrative Dashboard
Select a narrative from the sidebar to view 32 charts organized into six categories: Overview (market cap, volume, performance rankings), Time-Series (historical price and volume trends), Social (community activity metrics), Derivatives (funding rates, open interest across narrative tokens), Token Analysis (individual token breakdowns within the narrative), and Correlations (how narratives move relative to each other and to BTC).
Frequently Asked Questions
- What crypto narratives does Sharpe Terminal track?
- Sharpe Terminal tracks 22 narratives: L1, L2, DeFi, AI Agents, DeFAI, DePIN, DeSci, Gaming, DEX, CEX, Lending, Memes, NFTs, Oracles, Privacy, RWA, Stablecoins, Restaking, Liquid Staking, Modular, SocialFi, and Intent-based protocols. Each narrative is composed of its most liquid representative tokens.
- How is narrative performance calculated?
- Each narrative's performance is calculated by aggregating the market cap-weighted price changes of its constituent tokens. Volume, open interest, and funding rate data are also aggregated to provide a complete picture of capital flows into and out of each sector.
- What is narrative rotation and why does it matter?
- Narrative rotation is the crypto market's version of sector rotation — capital flows from one thematic sector to another as market sentiment shifts. Tracking which narratives are gaining volume and outperforming helps traders position ahead of momentum shifts rather than chasing moves after they happen.
- How often is narrative data updated?
- Narrative data is refreshed every 30 minutes. This includes token prices, market caps, and volumes from CoinGecko, as well as derivatives data (funding rates and open interest) from major perpetual futures exchanges.
- What are crypto narratives and why do they matter?
- Crypto narratives are thematic categories that group tokens by their use case, technology, or market story — AI, DeFi, RWA, DePIN, Gaming, and so on. Markets rotate between narratives as capital flows from one theme to another based on catalysts, regulatory developments, and shifting investor attention. Understanding which narratives are gaining and losing momentum is essential for positioning ahead of these rotations rather than chasing them after the move has occurred.
- How many charts are available in Narratives?
- Narratives provides 32 charts organized into 6 categories: Overview (summary metrics, market cap rankings, volume), Time-Series (performance over time, relative strength, drawdowns), Social (engagement metrics, mindshare, sentiment trends), Derivatives (aggregate funding rates, open interest, long/short ratios by narrative), Token Analysis (top movers, market cap concentration, holder distribution), and Correlations (inter-narrative correlation matrix, rolling correlations). Each category provides a different analytical lens on the same 22 narratives.
- Which 22 narratives does Sharpe track?
- Sharpe tracks Layer 1, Layer 2, DeFi, AI Agents, DeFAI (DeFi + AI), DePIN (Decentralized Physical Infrastructure), DeSci (Decentralized Science), Gaming, DEX tokens, CEX tokens, Lending, Memes, NFTs, Oracles, Privacy, RWA (Real World Assets), Stablecoins, Restaking, Liquid Staking, Modular blockchains, SocialFi, and Intent-based protocols. Narratives are curated based on market relevance and updated as new themes emerge.
- What data sources power Narratives analytics?
- Market data (prices, volumes, market caps) comes from CoinGecko's professional API, refreshing every 30 minutes. Derivatives data (funding rates, open interest) is fetched from exchange REST APIs across Binance, Bybit, OKX, and other major derivatives venues. Social sentiment data comes from social platform APIs tracking engagement and mention velocity. These three data layers combined provide a comprehensive view of each narrative's fundamentals, positioning, and sentiment.
- How often is Narratives data updated?
- Narratives data refreshes every 30 minutes from CoinGecko's professional API. Each refresh cycle recalculates market cap, volume, and performance for all 22 narratives and their constituent tokens. Historical snapshots are stored at each interval, building the time-series data that powers trend charts and relative performance analysis. Derivatives data updates on its own cycle tied to exchange settlement windows.
- What is narrative rotation and how can I spot it?
- Narrative rotation is the pattern of capital flowing from one thematic sector to another. In a typical rotation, capital moves from a narrative showing declining momentum (falling volume, flattening social engagement) into one showing rising momentum (volume spikes, increasing social attention, new catalysts). The Narratives product surfaces these rotations through relative performance time-series, volume divergences, and social momentum shifts across all 22 narratives.
- How does the derivatives overlay help with narrative analysis?
- The derivatives overlay aggregates funding rates and open interest across all tokens within a narrative, revealing leveraged positioning at the sector level. A narrative with high positive aggregate funding and rapidly rising OI is attracting speculative leverage, which increases the risk of cascading liquidations if sentiment shifts. Conversely, a narrative with low funding but rising prices is being driven by spot demand, which tends to be more sustainable.
- Is Narratives free to use?
- Yes. All 22 narratives and 32 charts across 6 categories are available free on Sharpe Terminal with no account required. Social, derivatives, and performance data are all accessible immediately. The same data is available through Sharpe's REST API, MCP server, and CLI tool for programmatic access.
