Layer2 Protocols Surge 5.23% as Crypto Market Rallies: MOVE Token Jumps 33%

March 26, 2025 - According to SoSoValue data, cryptocurrency markets are experiencing widespread gains today, with Layer2 projects leading the charge at an impressive 5.23% increase over the last 24 hours. Within this high-performing sector, Movement (MOVE) has emerged as the standout performer, surging 33.35% in just 24 hours. Other notable Layer2 performers include Polygon (MATIC) jumping 7.60%, ImmutableX (IMX) rising 7.35%, ex-MATIC (POL) increasing 7.10%, and Stacks (STX) climbing 6.27%.

The market rally extends beyond just Layer2 solutions, with several other sectors showing remarkable strength. Meme coins continue their winning streak for the third consecutive day, posting a 24-hour gain of 3.85%. Within this category, market leaders Shiba Inu (SHIB) and Dogecoin (DOGE) are up 4.64% and 4.05% respectively.

The AI blockchain sector has also demonstrated significant upward momentum, rising 3.18% overall, with Render (RENDER) leading the pack at an 8.32% increase.

Additional sectors showing positive performance include:

• DeFi rising 2.21%, with Ethena (ENA) up 6.02% and Ondo Finance (ONDO) gaining 5.15%

• PayFi advancing 1.52% across the board

• Layer1 protocols increasing 1.20%, highlighted by Avalanche (AVAX) climbing 6.27%

The CeFi (Centralized Finance) sector was the only segment showing slight weakness, down 0.05% overall. However, even within this underperforming category, Cronos (CRO) bucked the trend with an impressive 8.56% gain.

Looking at broader market indicators, the crypto sector indices reflecting historical market trends show strong performance as well. The ssiLayer2 and ssiMeme indices have increased by 4.52% and 3.38% respectively over the past 24 hours, with weekly returns of 6.35% and 8.72%.