Which sectors absorbed most losses today?

TLDR

Todays biggest sector drawdowns were in Layer 2, Layer 1, and Memes.

1. Layer 2: down 6.64% with 24h volume of $2.19 B per the category page.
2. Layer 1: down 4.87% with 24h volume of $184.99 B per the category page.
3. Memes: down 2.92% with 24h volume of $7.23 B per the category page.

Deep Dive

1. Biggest Losers

The days heaviest percentage declines among major narratives were Layer 2, Layer 1, and Memes.

1. Layer 2 fell 6.64% on $2.19 B 24h volume per the category page.
2. Layer 1 fell 4.87% on $184.99 B 24h volume per the category page.
3. Memes fell 2.92% on $7.23 B 24h volume per the category page.

AI and Big Data and Gaming were down more modestly, while DePIN edged higher, indicated on their AI and Big Data and DePIN pages.

2. Why Losses Clustered

Macro risk-off pressure and crypto-specific outflows weighed on beta-sensitive sectors.

• Broad risk weakness and ETF outflows have pressured crypto over recent sessions, with spot Bitcoin ETFs seeing notable net outflows per a recent market update.
• Crypto-linked equities and miners also slumped alongside coin prices, reflecting tighter liquidity conditions and risk aversion in adjacent markets as detailed in a market report.

3. Breadth And Exceptions

Not all sectors fell equally, and a few pockets showed relative resilience.

• DeFi and Real World Assets dropped modestly (24h declines of 2.03% and 1.86% respectively) on their DeFi and RWA pages.
• DePIN showed a slight 24h gain (+0.38%) per the category page, suggesting selective rotation into narratives less tightly coupled to major coin beta.

Conclusion

Losses were broad but deepest in Layer 2, Layer 1, and Memes, consistent with risk-off dynamics. Macro liquidity and outflow pressures set the backdrop, while a few sectors showed relative resilience. Monitoring whether outflows persist or reverse is key to gauging when breadth can stabilize.