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The crypto market is experiencing a broad correction, with the Layer 2 sector falling nearly 3%, while only the CeFi sector remains relatively resilient.

2026-05-12 03:15

Odaily Planet Daily News According to data from SoSoValue, the crypto market sectors are experiencing a broad correction. The Layer 2 sector fell 2.62% in 24 hours. Within the sector, Starknet (STRK) fell 5.54%, Optimism (OP) fell 4.25%, and Mantle (MNT) fell 3.15%. Only the CeFi sector was relatively resilient, rising 0.42%, with Cronos (CRO) up 4.46% and Binance Coin (BNB) up 0.82%.

In other sectors, the Layer 1 sector fell 0.22% in 24 hours, but Canton Network (CC) rose 3.98%; the PayFi sector fell 0.28%, with Telcoin (TEL) up 14.14%; the AI sector fell 0.41%, with Billions Network (BILL) surging 19.21% during the session; the Meme sector fell 0.42%, but BUILDon (B) rose sharply by 54.09%; the DeFi sector fell 1.68%, while Curve DAO (CRV) bucked the trend and rose 8.86%.

Reflecting the historical performance of the sectors, the crypto sector indices show the ssiRWA, ssiAI, and ssiDeFi indices fell 7.75%, 5.87%, and 4.02%, respectively.