The crypto market is experiencing a volatile downturn, with the SocialFi sector falling nearly 3%, while the RWA and NFT sectors are holding up relatively well.

Svmuu News: On July 23, according to data from SoSoValue, the crypto market experienced a pullback following a series of consecutive rallies. The SocialFi sector fell 2.73% over the past 24 hours, with Gram (GRAM) declining 2.74% within the sector. In addition, the RWA and NFT sectors performed strongly, with the RWA sector rising 1.63%, and RE rising 15.19% within that sector; the NFT sector rose 1.88%, with Audiera (BEAT) up 5.78% and APENFT (NFT) up 1.23%.
As for other sectors, the CeFi sector fell 0.67% over the past 24 hours, with Cronos (CRO) down 2.11%; the Layer 2 sector fell 0.82%, but Starknet (STRK) rose 1.74%; The Layer 1 sector fell 0.90%, while Hedera (HBAR) bucked the trend and rose 4.67%; the PayFi sector fell 1.11%, with Dash (DASH) down 4.31%; The DeFi sector fell 1.51%, with Hyperliquid (HYPE) down 3.61%; the Meme sector fell 1.68%, with Pump.fun (PUMP) down 7.82%.
The crypto sector indices, which reflect historical sector performance, showed that the ssiRWA index rose 1.67%, while the ssiSocialFi and ssiDePIN indices fell 2.79% and 1.41%, respectively.