PANews reported on August 29th that, according to SoSoValue data, the upward revision of US Q2 GDP exceeded expectations, and Federal Reserve Governor Waller supported a 25 basis point interest rate cut in September. Positive macroeconomic factors have led to gains in most crypto sectors, including the Layer 2 sector, which saw a 3.03% increase over the past 24 hours. Within the sector, Mantle (MNT) and ex-MATIC (POL) rose 5.20% and 7.21%, respectively. Notably, Bitcoin (BTC) and Ethereum (ETH) fell 0.18% and 1.45%, respectively, over the past 24 hours. BTC remains volatile around $111,000, while ETH has fallen below $4,500.

In terms of other sectors, the DeFi sector rose 1.58% in 24 hours, among which Chainlink (LINK) rose 2.69% and Pyth Network (PYTH) rose sharply by 99.74%. On the news front, the US government announced a partnership with Chainlink and Pyth to publish key economic data including GDP and PCE on the blockchain; the Layer1 sector rose 1.37%, and within the sector, Solana (SOL) rose 4.85%; the CeFi sector rose 0.49%, and Binance Coin (BNB) rose 2.24%, but Cronos (CRO), which had previously risen significantly, experienced a pullback and fell 12.75%; the Meme sector rose 0.27%, Pump.fun (PUMP) and BUILDon (B) rose 12.88% and 20.01% respectively.

The PayFi sector has pulled back for two consecutive days, falling 1.35% in 24 hours. Within the sector, XRP, Monero (XMR), and Telcoin (TEL) fell 1.10%, 3.46%, and 5.23%, respectively.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiLayer2, ssiDePIN, and ssiSocialFi indices rose by 3.10%, 0.96%, and 0.93%, respectively.