According to SoSoValue data, the cryptocurrency market sector continues to show a general upward trend, with the PayFi sector leading the way, experiencing 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 the increases of other sector indices. SoSoValue analysts indicate that, influenced by the news that SEC Chair Gary Gensler is expected to step down on January 20, 2025, PayFi is expected to strengthen and maintain its upward trend in the long term; furthermore, it is noteworthy that the Layer 2 sector has increased by 11.68%, the Defi sector has increased by 7.29%, and the Layer 1 sector has increased by 7.2%.
