Layer2 leading declines, ETH below 2K6 USD

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According to data from SoSoValue, on May 15, the crypto market experienced a significant overall decline. The two sectors Layer2 and GameFi, after achieving impressive gains the day before, fell by 7.02% and 6.99% respectively. In the Layer2 group, Starknet (STRK) fell by 9.64% and Celestia (TIA) fell by 9.72% within 24 hours.

In the GameFi sector, Axie Infinity (AXS) and Decentraland (MANA) down 9.05% and 10.65%, respectively. Ethereum (ETH), after surpassing the $2,700 mark, corrected down 3.52% to below $2,600. Bitcoin (BTC) also recorded a slight decline of 0.68% but remained around $103,000.

In other areas, PayFi fell 1.85% and CeFi fell 1.99%. However, LEO Token (LEO) and Amp (AMP) stood out with gains of 2.00% and 13.75%, respectively, while Layer1 fell 4.53%, with TRON (TRX) up slightly by 0.55%.

The Meme and DeFi sectors are also not exempt from the fall, with decreases of 4.60% and 4.86% respectively. Ethena (ENA) recorded a significant fall of 8.85%. This content is intended to provide market information and does not constitute investment advice.

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