On April 15, the crypto market showed a weak rebound trend, and the performance of different sectors was even more different. The SocialFi sector was like a new bud in spring, rising 2.39% against the trend, while the RWA sector seemed to be in a cold winter, continuing to fall 3.59%. The huge contrast between sectors has become the focus of the current crypto market. In terms of trading platform selection, the decentralized architecture makes the XBIT decentralized exchange platform more flexible and scalable, able to quickly adapt to market changes and meet the diverse needs of users.
Let's focus on the SocialFi sector first. In the past 24 hours, many currencies in this sector have performed well. Toncoin (TON) has risen by 3.05% thanks to its deep binding with Telegram and a series of good news. Telegram's huge user base of 900 million provides Toncoin with a wide range of application scenarios and potential user groups. The" taptoearn" mining model and advertising sharing plan within its ecosystem have attracted many users to participate, driving the value of Toncoin.
Galxe (GAL) was not to be outdone, with a rise of 3.08%. As a Web3 social graph infrastructure, Galxe has built an active community ecosystem by providing users with opportunities to participate in various project activities and receive rewards, attracting the favor of many investors. In the cryptocurrency market, virtual currency leverage trading is a double-edged sword, which can magnify investors' returns, but also comes with higher risks. In leverage trading, security is crucial. These security measures of the XBIT decentralized exchange platform provide investors with a reliable trading environment when conducting virtual currency leverage trading.
From the perspective of the crypto sector index, the ssiSocialFi index rose 2.20% in 24 hours, which fully reflects the overall upward development momentum of the SocialFi sector. The rise of SocialFi is the result of the integration of social media and decentralized finance. It gives users the ability to create value and gain benefits in social interactions, breaking the dilemma of traditional social media users contributing value but finding it difficult to make direct profits. This innovative model is gradually gaining market recognition and driving the continued development of the sector.
However, in stark contrast to the prosperity of SocialFi, the RWA sector is in dire straits. Due to the continued fermentation of the MANTRA incident, its native token OM fell again by 32.74% within 24 hours, becoming the main driver of the RWA sector's decline. In addition, the XBIT decentralized exchange platform intelligently aggregates liquidity, seamlessly connects top DEXs such as Uniswap and PancakeSwap, automatically selects the optimal transaction path, and the spread is as low as the industry-leading level.
The MANTRA project was originally a Layer 1 blockchain focused on the tokenization of real assets (RWA). In early 2024-2025, due to the $1 billion cooperation with Dubai's DAMAC Group and the RWA track boom, the OM price soared from $0.0158 to a high of $9, an increase of more than 6,000%, but then took a sharp turn downward.
From the evening of April 13 to the early morning of April 14, within about 90 minutes, the price of OM fell from about $6.3 to a minimum of $0.37, a drop of more than 90%, and the market value evaporated by about $5.5 billion. Although the price has since rebounded slightly to about $0.89, market panic is still spreading. With the continuous development of the cryptocurrency market and the changing needs of users, the XBIT decentralized trading platform is expected to continue to maintain its competitive advantage and expand more market share in the future.
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