According to ChainCatcher news and SoSoValue data, the cryptocurrency market continues its pullback trend, but the DeFi sector has risen against the trend by 1.81%. Within the sector, Chainlink (LINK) has surged by 14.32%. In related news, LINK has announced an on-chain reserve mechanism and its strategic partnership with ICE, the parent company of the New York Stock Exchange. Additionally, Maker (MKR) and AERO (Aerodrome Finance) have risen by 1.03% and 2.50% respectively; meanwhile, DEFI.ssi has increased by 5.27%.
It is worth noting that Bitcoin (BTC) has fallen 1.08% in the last 24 hours, dropping below $117,000, while Ethereum (ETH) has decreased by 0.35%, falling below $4,400.
In other sectors, the Layer1 sector has decreased by 0.37% in the last 24 hours, but Cardano (ADA) remains relatively strong, rising by 1.56%; the Layer2 sector has fallen by 0.38%, with ex-MATIC (POL) and Arbitrum (ARB) rising against the trend by 5.34% and 7.73% respectively; the CeFi sector has dropped by 0.94%, with LEO Token (LEO) slightly climbing by 2.29%; the Meme sector has decreased by 1.13%, with MemeCore (M) surging by 7.15% during the session; the PayFi sector has fallen by 2.06%, while Monero (XMR) has risen by 4.20%.
The cryptocurrency sector index reflecting the historical trends of the sector shows that the ssiLayer1, ssiSocialFi, and ssiLayer2 indices have fallen by 0.31%, 0.35%, and 0.37% respectively.
