Selective Capital Flows Reshape Crypto Markets Amid Risk-Off Sentiment
Dispersion dominates as capital rotates away from levered themes. Aerodrome’s emissions-revenue equilibrium and USDai’s TVL growth highlight DeFi’s maturation, while tokenized assets gain traction across credit and commodities. Infrastructure innovations—from Fogo’s low-latency chains to equity perpetuals—narrow the gap with traditional markets.
Risk assets bled last week: BTC (-2.3%) mirrored Nasdaq’s (-2.1%) slump, while gold’s +2.3% rise signaled defensive positioning. Crypto indices revealed stark bifurcation—Memecoins (+16.0%) and L2s (+9.7%) rallied on speculative fervor, while solana Ecosystem (-10.5%) and RWAs (-7.0%) buckled under structural pressures.