Crypto Markets See Broad Decline, RWA Sector Leads Losses with Over 3% Drop

2026-05-20 02:24

Odaily Odaily News According to SoSoValue data, the crypto market is experiencing a broad-based decline. The RWA sector, which performed strongly yesterday, led the losses over the past 24 hours with a 3.13% drop. Within the sector, Centrifuge (CFG) fell 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) declined 3.02% and 6.08%, respectively. The GameFi sector dropped 2.59%, where WEMIX bucked the trend with a 2.01% increase.

In other sectors, the Meme sector fell 0.73% over 24 hours. However, Banana For Scale (BANANA) surged 17.23%, and Siren (SIREN) rose 8.27%. The Layer1 sector declined 0.87%, with Algorand (ALGO) gaining 7.52%. The CeFi sector fell 1.03%, though NEXO (NEXO) held relatively steady, climbing 1.61% during the session. The DeFi sector dropped 1.49%, but Morpho Token (MORPHO) increased by 3.34%. The Layer2 sector fell 1.80%, with Arbitrum (ARB) down 2.74%. The PayFi sector decreased by 2.41%, yet Telcoin (TEL) rose 4.66%.

Reflecting the historical performance of these sectors, the crypto sector indices show that ssiNFT edged up 0.36%, while the ssiAI and ssiRWA indices fell by 8.73% and 7.71%, respectively.