16-7-2025 – Ethereum (ETH) climbed 4.89% to break $3,100, leading a broad crypto market rally, according to data from SoSoValue. While Bitcoin (BTC) slipped 1.30% to $117,000, other sectors showed strong gains, with the MAG7.ssi index up 1.22%, MEME.ssi up 3.28%, and DEFI.ssi up 4.78%. The resurgence follows a brief market correction, signaling renewed investor confidence across multiple crypto segments.
The AI sector rose 4.63%, driven by Fetch.ai (FET) and Bittensor (TAO), which gained 6.61% and 8.37%, respectively. Layer2 projects also performed strongly, up 4.59%, with Arbitrum (ARB) and zkSync (ZK) posting double-digit increases of 10.09% and 10.43%. In DeFi, Curve DAO (CRV) surged 11.98%, contributing to the sector’s 4.30% rise. Meme coins followed suit, with Bonk (BONK) and Pump.fun (PUMP) jumping 10.15% and 12.43%, respectively, as the meme sector gained 3.90%. Other notable performers included Internet Computer (ICP) in Layer1, up 5.18%, and Velo (VELO) in PayFi, up 10.56%.
Sector-specific indexes, including ssiAI, ssiDePIN, and GameFi, rose between 4.45% and 4.67% in the past 24 hours, reflecting growing interest in AI-driven, decentralized infrastructure, and gaming tokens. The rally suggests capital rotation into altcoins as Bitcoin’s dominance softens, a trend first reported by SoSoValue. These gains highlight the market’s focus on innovative blockchain applications, particularly in AI, Layer2 scaling, and DeFi ecosystems.
