According to CryptoPotato, the crypto market is experiencing a resurgence in several sectors. Artificial Intelligence (AI) and Big Data, Liquid Staking, and DeFi projects have seen the most significant gains in the past week. AI and Big Data, comprising 100 projects, topped the chart with an 8.65% increase, as per the latest analysis by blockchain intelligence platform Santiment. The collective market cap of AI and Big Data now stands at an impressive $39.3 billion.
Liquid Staking, which includes 17 projects, also showed promising growth, recording an 8.12% uptick over the past seven days. Its market cap has increased to $43 billion, indicating a growing trend in staking mechanisms amidst a market-wide rebound. The DeFi sector, encompassing 477 projects and valued at $111.9 billion, secured the third position on Santiment’s list with a 7.76% increase during the same period.
Other sectors also experienced growth in the past week. This includes 85 Layer 1 projects that collectively saw the market cap rise by 7.19% to over $783 billion. The ERC-20 sector, valued at $708 billion and comprising 988 projects, witnessed a combined market cap surge of 6.8% over the past week. NFTs, with 117 projects, registered a 6.47% weekly rise to $17.6 billion in market cap. Layer 2, with 22 projects, stood at the sixth position with a 5.9% increase. Social, meme coins, and Gaming sectors also showed significant growth this week with 5.73%, 5.59%, and 4.24% surge in their respective market caps.