Cryptocurrency Market Sees Broad Correction, RWA Sector Leads with Over 3% Drop

According to SoSoValue data, the cryptocurrency market is experiencing a broad correction. The RWA sector, which performed strongly yesterday, led the decline over the past 24 hours with a drop of 3.13%. Within the sector, Centrifuge (CFG) fell by 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) dropped by 3.02% and 6.08%, respectively. The GameFi sector fell by 2.59%, but WEMIX bucked the trend, rising by 2.01%.

In other sectors, the Meme sector fell by 0.73% over 24 hours, yet Banana For Scale (BANANA) surged 17.23% and Siren (SIREN) rose by 8.27%. The Layer1 sector fell by 0.87%, with Algorand (ALGO) increasing by 7.52%. The CeFi sector fell by 1.03%, but NEXO (NEXO) remained relatively resilient, rising 1.61% during the session. The DeFi sector fell by 1.49%, while Morpho Token (MORPHO) increased by 3.34%. The Layer2 sector fell by 1.80%, with Arbitrum (ARB) dropping 2.74%. The PayFi sector fell by 2.41%, but Telcoin (TEL) rose by 4.66%.

Crypto sector indices reflecting historical performance show that the ssiNFT index rose by 0.36%, while the ssiAI and ssiRWA indices fell by 8.73% and 7.71%, respectively.