The crypto market surged over the past 24 hours, with meme coins emerging as the most significant driver of growth. According to Messari data, the Meme sector outperformed all others with a sharp 13.8% gain. This jump pushed its total market capitalization to an impressive $58.83 billion.
The crypto market surged over the past 24 hours, with meme coins emerging as the most significant driver of growth. According to Messari data, the Meme sector outperformed all others with a sharp 13.8% gain. This jump pushed its total market capitalization to an impressive $58.83 billion.
The a broader market optimism, as multiple sectors posted strong daily gains. Retail enthusiasm, coupled with speculation and rising social media momentum, contributed to the Meme sector’s explosive performance.
The broader rally signals renewed investor confidence. Sectors like Blockchain Infrastructure and DeFi followed closely behind. Blockchain Infrastructure posted a 7.88% gain, pushing its market cap to $24.93 billion.
Meanwhile, the DeFi sector surged 6.60%, reaching a massive $178 billion. These gains point to growing confidence in decentralized financial tools and core blockchain technologies, especially as macroeconomic uncertainty lingers.
Several innovation-driven sectors also enjoyed robust growth. The Gaming sector advanced by 5.55%, now valued at $9.82 billion. The AI sector grew 5.00%, lifting its market cap to $16.87 billion.
These gains highlight the increasing fusion of blockchain with real-world applications and emerging technologies. Tools, often overlooked, added 4.91%, now sitting at $7.71 billion.
DePIN (Decentralized Physical Infrastructure Networks) gained 4.83% to reach $19.11 billion in market cap. This growth reflects expanding interest in Web3 infrastructure projects that combine digital platforms with physical assets. Consequently, the trend shows that investors are looking beyond speculative tokens and are starting to value long-term infrastructure utility.
Not every sector saw substantial gains. NFTs inched up by 1.81%, reaching $6.25 billion. The Networks sector, despite its massive $3.01 trillion valuation, grew by just 1.31%. CeFi (Centralized Finance) posted a marginal increase of 0.42%, totaling $462 billion.
On the downside, Stablecoins dipped by 0.03%, essentially maintaining stability at $252 billion. However, Blockchain Services was the day’s biggest loser. It fell by 3.90%, bringing its market cap down to $923 million. This could reflect reduced demand for auxiliary services during times of sector-wide excitement.
