Crypto market broadly corrects, RWA sector leads losses with over 3% decline

According to SoSoValue data, the crypto market sectors are broadly correcting. The RWA sector, which performed strongly yesterday, led the decline with a 24-hour drop of 3.13%. Within the sector, Centrifuge (CFG) fell 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) dropped 3.02% and 6.08%, respectively. The GameFi sector fell 2.59%, but WEMIX bucked the trend with a 2.01% gain.

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

Reflecting historical sector performance, the crypto sector indices show that ssiNFT rose 0.36%, while the ssiAI and ssiRWA indices fell 8.73% and 7.71%, respectively.