The market’s moving fast but not how you’d expect.
It’s not $ETH L2s or new tech leading.
It’s NFTs, memecoins, gen 1 chains and even oracles.
Here are the 5 sectors putting up the biggest gains this month:
( a thread )
NFT applications are the top performing sector this month.
Why? One word: $PENGU.
The @pudgypenguins token has seen explosive growth!
Enough to lift the entire category.
Gen 1 smart contract chains are also back on the leaderboard.
These are tokens tied to blockchains that haven’t been rebuilt from the ground up - including, but not limited to:
$XTZ, $HBAR & $XDC.
Oracles are quietly one of the top performing sectors this month.
These networks bring real world data onchain.
Think of them as the data pipes powering everything from prediction markets to DeFi payouts.
Thanks in part to $LINK, $PYTH & $BAND
Memecoins are back near the top right now.
And the surprise leader? $BONK. Mainly thanks to @bonk_fun.
But it’s not alone. $FLOKI & $PEPE are back on the leaderboard too.
And finally we have DePin.
$HNT, $JASMY, and $IOTX are leading the charge powering real-world infrastructure like wireless networks, IoT devices, and data sharing.
The best part? Most users don’t even realize they’re interacting with crypto.
Why should you care about this?
Because when the market starts rotating into unexpected sectors, it’s usually the start of a much bigger move.
Want to learn more about sector performance and market flows?
Sign up here, it’s free: ⤵️
83.94K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.