The crypto market sees mixed performance, with the SocialFi sector surging over 22%

According to SoSoValue data on May 7, the cryptocurrency market sectors showed mixed movements. The SocialFi sector performed notably, rising another 22.04% in the past 24 hours. Within the sector, Toncoin (TON) surged 25.18%. Meanwhile, Bitcoin (BTC) fell 0.17%, remaining above $81,000, and Ethereum (ETH) edged down 1.61%, trading in a narrow range around $2,300.

Other standout sectors included: the AI sector rising 3.44% in 24 hours, with Billions Network (BILL) up 74.30%; the RWA sector gained 2.83%, with the newly listed KAIO (KAIO) skyrocketing 6,681.80%.

In other sectors, the Layer1 sector rose 1.99%, with Zcash (ZEC) gaining 5.58%; the CeFi sector added 1.22%, led by Bitget Token (BGB) up 6.37%; the Layer2 sector increased 1.21%, with Optimism (OP) rising 6.33%; and the PayFi sector inched up 0.10%, with Dash (DASH) climbing 6.39%.

Additionally, the DeFi sector fell 0.20%, while EdgeX (EDGE) rose 9.29%; the Meme sector declined 0.93%, with Siren (SIREN) remaining relatively resilient, up 9.84%.

Sector indices reflecting historical performance show that the ssiSocialFi, ssiAI, and ssiDePIN indices rose by 23.45%, 2.81%, and 2.72%, respectively.