Which sectors led the move?

TLDR

DePIN and Gaming led the move this week in crypto.

1. DePIN and Gaming posted roughly 13% and 12% weekly gains per a sector review on Blockworks.
2. Risk-on segments like meme coins and AI also strengthened, with AI tokens up over 6% in aggregate per a live market update.
3. Privacy coins and RWAs lagged, while L2s were mixed, per a privacy sector note.

Deep Dive

1. DePIN and Gaming

DePIN and Gaming led weekly sector performance, rebounding after a tough prior year.

• The sector snapshot cites DePIN up 13.1% and Gaming up 12.6%, with DePIN boosted by Filecoin and Render and Gaming by Immutable, per Blockworks analysis.
• The same review notes L2 softness and RWA pressure alongside this rotation, highlighting a divergence across narratives.

2. Meme Coins and AI

Meme coins and AI tokens saw renewed attention in risk-on rotation.

• Meme leaders such as Bonk, Pepe, and Shiba Inu posted double-digit daily gains with a strong weekly showing, per a market recap.
• The AI category broadly rose over 6% in the latest session, per a live market update, framing AI as a top-performing thematic basket this week.

3. Laggards and Rotation

Defensive and yield-linked segments underperformed as capital rotated.

• Privacy coins slipped about 2.3% in aggregate over 24 hours, with leaders in the red, attributed to short-term rotation rather than fundamentals, per a privacy sector note.
• RWAs softened alongside gold-linked tokens, and L2s showed mixed results with notable dispersion across names, per the sector lens on Blockworks.

Conclusion

Sector leadership this week points to DePIN and Gaming, with meme and AI baskets also strong, while privacy coins and RWAs lagged. The pattern fits a risk-on rotation rather than a broad beta rally. If volumes and breadth continue to favor these narratives, leadership could persist, but dispersion across L2s and defensives indicates selectivity remains important.