DePIN posted the biggest loss among the listed cryptocurrency sectors, falling 7.31% over the 24 hours to 9:01 PM ET Thursday, November 5 (02:01 UTC Friday), with several component tokens posting steeper declines, with Bitcoin and Ether trading also down in the latest snapshot.
GRASS fell 14.32%, Filecoin (FIL) lost 8.47%, and RENDER fell 5.72% during the 24-hour period in the sector. The sector’s decline was steeper than any other group listed.
All other groups listed were also down: DeFi fell by 6.45%, tokens by 5.88%, Layer 2 5.10%, PayFi 5.07%, Layer 1 4.06%, and CeFi 3.63%. Ethena (ENA) is down 10.58% in DeFi, while Mantle (MNT) is down 8.79% in Layer 2 and SPX6900 (SPX) is down 9.72% in the MIM sector.
At 9:05 PM ET on Thursday (02:05 Friday UTC), Bitcoin (BTC) was at $76,077, down 5.75% over the 24-hour period, and Ethereum (ETH) was at $2,238.78, down 7.88%. In the Layer 1 breakdown, NEAR Protocol (NEAR) is down 8.23%, while Injective (INJ) is up 2.94%.
