The crypto market is experiencing a downturn, with the SocialFi sector dropping nearly 3%, while the RWA and NFT sectors remain relatively resilient

Odaily Planet Daily News, July 23rd. According to SoSoValue data, the crypto market has seen a pullback after a continuous rebound. The SocialFi sector fell 2.73% in 24 hours, with Gram (GRAM) dropping 2.74% within the sector. In addition, the RWA and NFT sectors performed prominently; 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) up 1.23%.

In other sectors, the CeFi sector fell 0.67% in 24 hours, with Cronos (CRO) dropping 2.11%; the Layer 2 sector declined 0.82%, but Starknet (STRK) rose 1.74%; the Layer 1 sector fell 0.90%, with Hedera (HBAR) bucking the trend and rising 4.67%; the PayFi sector dropped 1.11%, with Dash (DASH) falling 4.31%; the DeFi sector declined 1.51%, with Hyperliquid (HYPE) dropping 3.61%; the Meme sector fell 1.68%, with Pump.fun (PUMP) decreasing 7.82%.

Reflecting historical sector performance, the crypto sector indices show that the ssiRWA index rose 1.67%, while the ssiSocialFi and ssiDePIN indices fell by 2.79% and 1.41%, respectively.