NFT sector leads crypto rebound with 8.07% 24-hour gain

SoSoValue data on July 29 showed strength in NFT-linked tokens, while PayFi and several sector indices also moved higher.

PENGU
NFT
TWT

Summary

Parts of the crypto market rebounded on July 29, with the NFT sector leading the advance after rising 8.07% over 24 hours, according to SoSoValue. Within the move, Audiera (BEAT) jumped 20.20%, while APENFT (NFT) and Pudgy Penguins (PENGU) posted smaller gains of 0.48% and 0.49%. Outside NFTs, the PayFi sector rose 1.03%, supported by a 4.14% increase in Trust Wallet (TWT). Broader market segments tracked by SoSoValue also advanced, with the ssiRWA index up 2.07%, the ssiPayFi index up 1.43%, and the ssiLayer1 index up 1.29%, pointing to a wider though uneven recovery across crypto themes.

Terms & Concepts
  • NFT sector: Market segment tied to non-fungible token projects.
  • PayFi: Crypto payments-focused financial applications and related tokens.
  • ssiRWA index: SoSoValue index tracking real-world asset themed tokens.