The crypto market is experiencing a downward trend, with the SocialFi sector falling nearly 3%, while the RWA and NFT sectors remain relatively resilient.

Odaily Odaily reported on July 23 that, according to SoSoValue data, the crypto market saw a pullback after a continuous rebound. The SocialFi sector dropped 2.73% in 24 hours, with Gram (GRAM) falling 2.74% within the sector. In contrast, the RWA and NFT sectors performed well. The RWA sector rose 1.63%, with RE surging 15.19%; the NFT sector increased by 1.88%, with Audiera (BEAT) rising 5.78% and APENFT (NFT) increasing 1.23%.

In other sectors, the CeFi sector fell 0.67% in 24 hours, with Cronos (CRO) dropping 2.11%; the Layer2 sector declined 0.82%, but Starknet (STRK) bucked the trend, rising 1.74%; the Layer1 sector fell 0.90%, with Hedera (HBAR) gaining 4.67% against the broader market; the PayFi sector dropped 1.11%, led by Dash (DASH) down 4.31%; the DeFi sector decreased by 1.51%, with Hyperliquid (HYPE) falling 3.61%; and the Meme sector slid 1.68%, with Pump.fun (PUMP) declining 7.82%.

The crypto sector index, which reflects historical sector performance, shows that the ssiRWA index rose 1.67%, while the ssiSocialFi and ssiDePIN indices fell 2.79% and 1.41%, respectively.