The crypto market saw mixed results, with the SocialFi sector rising over 22%.

On May 7th, according to SoSoValue data, the cryptocurrency market saw mixed performance, with the SocialFi sector performing particularly well recently, rising another 22.04% in the last 24 hours. Within this sector, Toncoin (TON) surged 25.18%. Meanwhile, Bitcoin (BTC) fell 0.17%, remaining above $81,000, while Ethereum (ETH) rose 1.61%, fluctuating narrowly around $2,300. Other notable sectors included: AI, which rose 3.44% in the last 24 hours, with Billions Network (BILL) surging 74.30%; and RWA, which rose 2.83%, with the newly launched KAIO (KAIO) surging 6681.80%. In other sectors, Layer 1 rose 1.99%, with Zcash (ZEC) up 5.58%; CeFi rose 1.22%, with Bitget Token (BGB) up 6.37%; Layer 2 rose 1.21%, with Optimism (OP) up 6.33%; PayFi rose 0.10%, with Dash (DASH) up 6.39%. Meanwhile, DeFi fell 0.20%, with EdgeX (EDGE) up 9.29%; Meme fell 0.93%, while Siren (SIREN) remained relatively strong, rising 9.84%. Crypto sector indices reflecting historical sector performance show that ssiSocialFi, ssiAI, and ssiDePIN indices rose 23.45%, 2.81%, and 2.72%, respectively.