Layer 2 topped our eight theme baskets in the 24 hours to Nov 10 with +4.21%, and every basket closed in the green. Quantum brought up the rear at +0.35%, behind RWA at 3.63%, DeFi at 3.35% and DePIN at 3.3%.

Over 30 days the order flips. $BTC returned -9.2% over that stretch and none of the eight kept up with it. Layer 2, the day's leader, is furthest back at -30.7%, 21.5 percentage points behind Bitcoin.

Quantum, last on the day, held up best over the month at -13.9%, trailing Bitcoin by 4.7 points.