DeFi and RWA Altcoins Catch Fire, Posting Double-Digit Gains Alongside Bitcoin’s Rally

• DeFi and RWA crypto sectors are leading gainers amid the BTC’s price rally.
• Ethereum (ETH) increased by over 7% in the past 24 hours, trading at $2,820.
• Bitcoin Dominance is over 60%, as the Fear & Greed Index points to “Greed.”

Bitcoin (BTC) is on a roll as it adds tens of billions to its market cap and breaks into an all-time high above $76,000 following the U.S. Presidential Election results.

Although Bitcoin is dominating the market, decentralized finance (DeFi) and real-world asset (RWA) token sectors have seen some solid gains.

The Crypto Market Catches Up

As per SoSoValue data , the altcoin market is gathering bullish momentum as BTC and ETH climb in value.

This has trickled down to every token sector, with DeFi and RWA altcoins posting 13.59% and 12.78% gains, respectively, in the early hours of Nov. 7.

Top DeFi  gainers include Chainlink (LINK), which is up over 4% trading at $12.3 with a market cap of $7.7 billion. Aave (AAVE) is up 16% trading at $186.92 and now commands a market cap of $2.8 billion.

Raydium (RAY ) is currently up 30%, trading at $4.93, and has a market cap of $1.28 billion. Ethena (ENA) gained 26.5, now trading at $0.51 and having a market cap of $1.47 billion.

Smaller DeFi altcoins—with market caps under $100 million—saw even bigger percentages. Notably, Stader (SD ) posted 64% gains and is now trading at $0.85, adding some $15 million to its market cap overnight.

Top RWA  gainers include OM (MANTRA), which gained 5% and is trading at $1.4 with a $1.29 billion market cap. It is closely followed by Maker (MKR), which is up 11.5% and is trading at $1419 with a $1.24 billion market cap.

Some smaller RWA tokens also saw particularly high gains, with Lumerin (LMR) jumping 40% to $0.017 and Parcl (PRCL) also leaping 27.6% to $0.34 in the past 24 hours.

Bitcoin Season

The CoinMarketCap (CMC) Fear and Greed Index  is currently scoring 70, “Greed,” the highest it’s been since April. According to CMC, Bitcoin Dominance currently stands  at 60.4%, Ethereum at 13.8%, and “Others” at 27.6%.

The cryptocurrency market is relishing in BTC’s exceptional post-election performance, which has seen the premier crypto climb above $76,000 for the first time in history.

However, Bitcoin’s dominance leaves little room for other major cryptos, such as Ethereum (ETH), which continues to lag behind.

Perhaps most notable is the hundreds of millions, if not billions, pouring into Bitcoin exchange-traded funds (ETFs) and reinforcing BTC’s upward momentum.

Last week, over $2.2 billion poured in ahead of the elections. Then, following a brief moment of uncertainty and outflows, BTC ETF funds pulled over $600 million on Nov. 6.