The cryptocurrency market experienced a significant surge over a 24-hour period, led by decentralized finance (DeFi) and artificial intelligence (AI) tokens. According to data from CoinGecko, AI tokens soared by 6.15%, pushing the sector's total valuation to approximately $22.76 billion. DeFi tokens followed closely with a 4.99% gain, bringing its market value to around $51.66 billion.
The rally is attributed to a major geopolitical development: the announcement of a ceasefire between the United States and Iran. U.S. President Donald Trump confirmed the deal and acknowledged China's role in mediating the agreement. This shift in geopolitical tensions is viewed as an optimistic development, potentially encouraging further market growth.
Other sectors also posted gains. Layer 2 (L2) tokens rose nearly 3.90% ($6.92B), meme tokens increased by 3.78% ($34.61B), and exchange-based tokens along with real-world assets (RWAs) saw gains of 3.00% ($135.19B) and 2.49% ($55.51B), respectively. The stablecoin sector, while showing a modest 0.08% price increase, witnessed a staggering $310.88 billion in inflows, highlighting significant capital movement. Gaming (GameFi) tokens rounded out the list with a 3.42% increase ($4.40B).
