AI, Data Services, and Staking Tokens Lead the Market Recovery, Outperforming Bitcoin and Ethereum

Tokens related to AI, data services, and staking saw significant growth this week, surpassing the 20% average growth threshold. Meanwhile, memecoins, DeFi tokens, and first-generation blockchains lagged behind the broader market recovery.

The cryptocurrency market has seen a notable recovery over the past week, with tokens linked to artificial intelligence (AI), data services, and staking services leading the charge. These sectors have significantly outperformed major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), showcasing the shifting focus of investors towards newer, technology-driven assets.

According to data from Artemis, Bitcoin and Ethereum registered gains of 4.9% and 3.4%, respectively, during the past week. However, staking services tokens, including Lido (LDO) and Rocket Pool (RPL), have surged by 18.8% and 34.4%, respectively. This performance translates to a weighted average growth of 25.7% for the staking sector, nearly doubling the overall market’s average performance of 13.9%.

AI-related tokens have also demonstrated robust growth, achieving a weighted average increase of 23.8%. Data services tokens, such as Arkham (ARKM), BitTorrent (BTT), and The Graph (GRT), followed closely, with a weighted average growth of 23.3% over the same period.

Additional sectors that outpaced the general market include social tokens (14.7%), bridge tokens (15.9%), oracles (16.3%), gaming tokens (17.7%), Bitcoin ecosystem tokens (18.6%), and native tokens of NFT applications (19.2%).

Underperforming Sectors:

Despite commanding nearly 12% of the crypto community mindshare, as reported by Kaito AI, memecoins underperformed, with a weighted average growth of just 13.4%. Similarly, decentralized finance (DeFi) tokens, which dominate 15.5% of discussions on platforms like X (formerly Twitter), grew by 12.7%, falling below the market average.

Kaito AI also highlighted the rising narrative of Decentralized Physical Infrastructure Networks (DePIN) tokens, which have seen a five-fold increase in discussions among crypto investors. However, these tokens underperformed the broader market, with a weighted average growth of just 10.4%.

First-generation blockchains, including XRP, Bitcoin Cash (BCH), Dash (DASH), and Monero (XMR), recorded the lowest growth among sectors, averaging a 5.9% increase. Other sectors that showed recovery but did not surpass the market average include real-world assets (8.6%), DEX native tokens (9.9%), centralized exchange tokens (9.9%), and smart contract platforms’ native assets (10.4%).

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