According to ChainCatcher news and SoSoValue data, the cryptocurrency market continues to show a general upward trend, with the PayFi sector leading with a 24H increase of 21%; notable performers include Ripple (XRP) with an increase of 25.75% and Stellar (XLM) with an increase of 19.59%. Additionally, the current price of the ssiPayFi index, which represents the historical performance of the PayFi sector, is $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, all ranking first among other sector indices.
SoSoValue analysts state that due to the news of SEC Chairman Gary Gensler's expected resignation on January 20, 2025, it is anticipated that PayFi will strengthen and maintain an upward trend in the long term.
In addition, it is worth noting that the Layer 2 sector increased by 11.68%, the Defi sector increased by 7.29%, and the Layer 1 sector increased by 7.2%.
