Most crypto stocks rose, with SocialFi up over 3%, while Layer 2 and DeFi stocks fell slightly.

PANews reported on December 31st that, according to SoSoValue data, the overall crypto market showed a moderate upward trend. The SocialFi sector rose 3.28% in the last 24 hours, marking its second consecutive day of gains. Among them, Toncoin (TON) rose another 2.99%, and Chiliz (CHZ) surged 8.14%. Additionally, Bitcoin (BTC) rose 1.63%, breaking through $88,000; Ethereum (ETH) rose 1.54%, maintaining a narrow range around the $2,900 mark.

In other sectors, the Layer 1 sector rose 1.39% in the last 24 hours, with Canton Network (CC) surging 19.46% within the sector; the PayFi sector rose 1.30%, with Verge (XVG) rising 9.21%; the CeFi sector rose 1.09%, with FTX (FTT) rising 3.60%; the Meme sector rose 0.60%, with Pump.fun (PUMP) rising 5.72%.

In addition, the Layer 2 sector fell 0.63%, but Merlin Chain (MERL) rose 3.94%; the DeFi sector fell 0.92%, but Kamino (KMNO) bucked the trend and rose 10.39%.