Crypto Market Rallies Broadly, DeFi Sector Leads with Nearly 7% Gain

PANews, September 18 - According to SoSoValue data, the U.S. interest rate cut landing, falling oil prices, and the SEC's issuance of an "innovation exemption" promoting tokenized NMS stock on-chain trading have rapidly dissipated panic sentiment. The crypto market sectors are broadly trending upward, with 24-hour gains generally ranging from approximately 2% to 7%. Among them, the DeFi sector performed strongly, rising 6.80%. Within the sector, Genius (GENIUS) rose 20.66%, while Uniswap (UNI) and Hyperliquid (HYPE) gained 14.81% and 10.01%, respectively. Other notable sectors include: the DePIN sector, up 5.55% in 24 hours, with Geodnet (GEOD) rising 44.90%; the RWA sector, up 4.95%, with Ondo Finance (ONDO) gaining 9.53%.

In other sectors, the Layer2 sector rose 4.46%, with Arbitrum (ARB) up 18.69%; the Meme sector gained 3.79%, with Useless Coin (USELESS) rising 14.21%; the Layer1 sector rose 3.67%, with NEAR Protocol (NEAR) up 22.91%; the PayFi sector gained 1.94%, with Zcash (ZEC) rising 8.93%, continuously hitting new all-time highs; and the CeFi sector rose 1.86%, with Aster (ASTER) up 4.52%.