Data: Crypto Market Sees Broad Decline, Only DeFi Sector Rises Against the Trend by 1.81%

According to ChainCatcher, SoSoValue data shows that the crypto market continues its correction trend, but the DeFi sector defied the market by rising 1.81%. Within the sector, Chainlink (LINK) surged by 14.32%. In terms of news, LINK announced an on-chain reserve mechanism and a strategic partnership with ICE, the parent company of the New York Stock Exchange. Additionally, Maker (MKR) and AERO (Aerodrome Finance) rose by 1.03% and 2.50% respectively; meanwhile, DEFI.ssi climbed 5.27%.

It is worth noting that Bitcoin (BTC) fell 1.08% over 24 hours, dropping below $117,000, while Ethereum (ETH) declined 0.35%, falling below $4,400.

In other sectors, the Layer1 sector dropped 0.37% over 24 hours, but Cardano (ADA) remained relatively resilient, rising 1.56%. The Layer2 sector fell 0.38%, with ex-MATIC (POL) and Arbitrum (ARB) bucking the trend and rising 5.34% and 7.73% respectively. The CeFi sector declined 0.94%, while LEO Token (LEO) edged up 2.29%. The Meme sector dropped 1.13%, with MemeCore (M) spiking 7.15% intraday. The PayFi sector fell 2.06%, while Monero (XMR) rose 4.20%.

Indices reflecting historical sector performance show that the ssiLayer1, ssiSocialFi, and ssiLayer2 indices fell by 0.31%, 0.35%, and 0.37% respectively.