Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
RWA sector leads the rally, multi-chain ecosystem rotation market overview
【Crypto News】The cryptocurrency market continues to rebound today with continued volatility. Notably, the RWA sector has shown a remarkable surge. Over the past 24 hours, the RWA sector has collectively risen by 2.38%, with Pendle leading the way with a 5.52% increase, Ondo Finance up 2.74%, and Sky also gaining 1.90%. In comparison, Bitcoin and Ethereum are currently in a narrow consolidation phase—BTC stable around $92,000, and ETH at the $3,200 level.
Sector rotation features are quite evident. The AI sector rose by 2.06% over the past 24 hours, with Kite performing the strongest, jumping 7.79%; Meme sector followed with a 1.80% increase, MemeCore up 3.61%; PayFi sector modestly increased by 1.30%, with Safe up 4.27%. In the Layer1 ecosystem, Cosmos Hub stood out with a 4.10% rise, driving the entire sector up by 0.97%.
It is worth noting the divergence between DeFi and Layer2. Although the overall DeFi sector only increased by 0.75%, River soared by 15.72%, indicating an independent trend; Layer2 sector’s gains were smaller at only 0.47%, but SOON still surged by 10.83%. On the other hand, CeFi sector steadily increased by 0.83%, with BNB slightly up by 1.69%. The relatively weaker sectors are NFT and SocialFi, which declined by 0.22% and 1.61%, respectively.
Looking at sector indices, the ssiMeme, ssiRWA, and ssiAI indices rose by 1.36%, 1.36%, and 1.05%, respectively, confirming that current market hot money is searching for new growth points.