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Layer2 leads crypto sectors with 0.50% gain as broader market eases

Layer2 leads crypto sectors with 0.50% gain as broader market eases

SoSoValue data on Aug. 7 showed Layer2 outperforming as most crypto sectors declined, with Mantle, zkSync and Starknet leading gainers while meme tokens, RWA and SocialFi indexes weakened.

ADA
MNT
GT

Fact Check
Two independent outlets (PANews and Odaily) both citing SoSoValue's crypto index report identical figures for Aug. 7, 2026: Layer2 +0.50% as the sole gaining sector, led by zkSync, Starknet and Mantle, with Meme -2.73%, and sector indices showing RWA -3.16% and SocialFi -1.96%. These fully corroborate every element of the claim.
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Summary

The crypto market saw a mild pullback on Aug. 7, with Layer2 the strongest sector in SoSoValue data, rising 0.50% as zkSync (ZK) gained 1.92%, Starknet (STRK) rose 1.54% and Mantle (MNT) added 1.18%. Most other sectors were lower: CeFi fell 0.20% even as Gate (GT) climbed 1.21%, DeFi slipped 0.57% despite Lighter (LIT) jumping 10.47%, Layer1 declined 0.88% while Cardano (ADA) advanced 4.87%, PayFi dropped 1.55% with Trust Wallet (TWT) up 1.39%, and the Meme sector fell 2.73% even as Binance Mascot surged 10.64%. Sector indexes tracking historical performance were mixed, with ssiLayer2 up 0.13% and ssiRWA and ssiSocialFi down 3.16% and 1.96%, respectively.

Terms & Concepts
  • Layer2: Blockchain scaling networks built on top of base-layer blockchains to improve throughput or reduce costs.
  • DeFi: Decentralized finance services and applications built on blockchain networks.
  • ssiLayer2: A SoSoValue sector index designed to track the historical performance of Layer2-related crypto assets.