---
title: "Crypto Market Falls Broadly Over 24 Hours as DeFi Sector Leads Declines"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292003247.md"
description: "The cryptocurrency market experienced a broad decline over the past 24 hours, with most assets dropping between 2% and 9%. The DeFi sector led the losses, falling 8.77%, while other sectors like CeFi, Layer1, and Meme also saw decreases. Specific tokens varied significantly; for instance, LAB plummeted 67.70%, whereas EdgeX rose 29.12%. Indices for SocialFi, DePIN, and AI also recorded notable declines."
datetime: "2026-07-08T02:34:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292003247.md)
  - [en](https://longbridge.com/en/news/292003247.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292003247.md)
---

# Crypto Market Falls Broadly Over 24 Hours as DeFi Sector Leads Declines

The cryptocurrency market declined across the board over the past 24 hours, with most losses ranging from about 2% to 9%, and the DeFi sector posting the steepest drop at 8.77%. According to Odaily, SoSoValue data showed LAB (LAB) fell 67.70% and Hyperliquid (HYPE) declined 4.30%, while EdgeX (EDGE) and Lido DAO (LDO) rose 29.12% and 11.01%, respectively. In other sectors, the CeFi sector fell 1.66% over 24 hours, with Cronos (CRO) down 3.91%. The Layer1 sector declined 2.22%, while Zcash (ZEC) rose 5.17% intraday. The PayFi sector dropped 2.30%, while Telcoin (TEL) gained 4.11%. The Meme sector fell 2.73%, though MemeCore (M) rose 11.30%. The Layer2 sector declined 3.02%, with Mantle (MNT) down 5.31%. Crypto sector indices tracking historical performance showed ssiSocialFi, ssiDePIN, and ssiAI fell 9.26%, 6.50%, and 5.23%, respectively.

### Related Stocks

- [LAB.US](https://longbridge.com/en/quote/LAB.US.md)

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