Data: Most of the encryption sector rose, the SocialFi sector increased by over 3%, while the Layer2 and DeFi sectors saw slight declines

According to SoSoValue data, the overall cryptocurrency market shows a moderate upward trend, with the SocialFi sector rising 3.28% in the last 24 hours, marking two consecutive days of gains. Among them, Toncoin (TON) rose again by 2.99%, and Chiliz (CHZ) surged by 8.14%. Additionally, Bitcoin (BTC) increased by 1.63%, breaking through $88,000; Ethereum (ETH) rose by 1.54%, maintaining a narrow fluctuation around the $2,900 mark.

In other sectors, the Layer1 sector rose 1.39% in the last 24 hours, with Canton Network (CC) significantly increasing by 19.46%; the PayFi sector rose by 1.30%, with Verge (XVG) up by 9.21%; the CeFi sector increased by 1.09%, with FTX (FTT) rising by 3.60%; the Meme sector rose by 0.60%, with Pump.fun (PUMP) up by 5.72%.

Furthermore, the Layer2 sector fell by 0.63%, but Merlin Chain (MERL) rose by 3.94%; the DeFi sector decreased by 0.92%, while Kamino (KMNO) went against the trend, rising by 10.39%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiLayer1, and ssiPayFi indices rose by 3.50%, 1.52%, and 1.39%, respectively.