All 24 Crypto Sectors Decline as Bridges Fall 18% in Weekly Data

All 24 crypto market sectors declined on an FDV-weighted basis in the weekly snapshot dated November 10, with the Bridge category posting the steepest loss at 18.0% and Data Availability holding up best with a 0.5% decline. The data, aggregated by sector across fully diluted valuations, recorded no advancing group among the 24 tracked.

The spread between the strongest and weakest sectors — 17.5 percentage points from Data Availability to Bridge — was the defining feature of the week. Four sectors finished with double-digit losses, and none gained, which rules out any rotation into a leadership category.

Which sectors lost the most?

Bridge led the declines at 18.0%, a drawdown more than four times the size of Bitcoin's 4.0% move over the same period. XRP followed with a 15.5% loss, and NFT Applications fell 12.7%. Perp DEX completed the double-digit group at 11.7%.

Just above that tier, Store Of Value lost 9.5% — underperforming Bitcoin itself by 5.5 percentage points. Smart Contract Platform and File Storage each declined 8.8%. Utilities And Services fell 8.4%, DePIN dropped 8.0%, Privacy Coin lost 7.4%, and AI declined 7.1%.

The pattern concentrated the deepest losses in categories tied to speculative infrastructure and token-specific narratives. Bridge protocols, cross-chain XRP exposure, NFT applications and perpetuals venues all carry valuations that reprice sharply when risk appetite contracts.

Where did losses stay contained?

Data Availability posted the smallest decline at 0.5%, effectively flat for the week. Exchange Tokens followed at 2.0%, Staking Services lost 2.7%, and Social fell 3.0%. DeFi and Gaming recorded comparatively limited losses of 3.1% and 3.7% respectively.

The mid-tier of the table shows how uneven the drawdown ran through adjacent categories. Bitcoin itself fell 4.0%, while Bitcoin Ecosystem declined 4.5% and underperformed the underlying asset. Gen 1 Smart Contract lost 4.8%, and Oracle declined 4.6%.

The gap between Data Availability and Data Services — 0.5% versus 6.1% — shows that performance diverged sharply even within data-related sectors. RWA fell 5.8%, Memecoin declined 6.0%, and Data Services' 6.1% loss sat just below it.

What does the distribution signal?

The uniform decline across all 24 groups is consistent with broad weakness in risk appetite rather than sector-specific repricing. No category advanced to lead a rotation, and the relative resilience of Data Availability reflected a smaller loss rather than outright strength.

One caveat matters for reading the numbers. Sector returns on an FDV-weighted basis cannot establish actual capital inflows or outflows — valuation-weighted price declines measure market repricing, not verified fund movement. The 17.5-point gap between the top and bottom of the table, not any single category's absolute level, carries the analytical weight of the snapshot.

For allocators, the week's data narrows the field of defensive positions to near-flat categories: Data Availability, Exchange Tokens and Staking Services all lost less than 3.0% while everything else fell harder. Whether that relative strength persists into the next weekly print, or mean-reverts alongside a broader recovery, will show up in the November 17 snapshot.