Svmuu News, July 8: According to data from SoSoValue, the crypto market fell across the board, with 24-hour declines generally ranging from 2% to 9%. The DeFi sector led the market lower, falling 8.77%. LAB (LAB) fell 67.70%, and Hyperliquid (HYPE) dropped 4.30%, while EdgeX (EDGE) and Lido DAO (LDO) bucked the trend, rising 29.12% and 11.01%, respectively.
In other sectors, the CeFi sector fell 1.66% over the past 24 hours, with Cronos (CRO) down 3.91%; the Layer 1 sector fell 2.22%, while Zcash (ZEC) rose 5.17% during intraday trading; the PayFi sector fell 2.30%, with Telcoin (TEL) holding up relatively well, rising 4.11%; the Meme sector fell 2.73%, but MemeCore (M) surged 11.30%; The Layer 2 sector fell 3.02%, with Mantle (MNT) down 5.31%.
Crypto sector indices reflecting historical performance showed that the ssiSocialFi, ssiDePIN, and ssiAI indices fell by 9.26%, 6.50%, and 5.23%, respectively.