Market structure · Narrative rotation
Sector rotation
Money rotates by narrative, not by coin. 230 Hyperliquid perps grouped into 11 sectors — ranked by 24h momentum, with funding, breadth, and OI per narrative. Refreshes every 30s.
Hottest sector
RWA
+4.43% avg · 3 coins
Coldest sector
Majors
-4.22% avg · 2 coins
Sector breadth
5/11
sectors green on 24h
Total OI
$6.94B
across all sectors
Rotation heatmap · ranked by 24h momentum
RWA#1
+4.43%
3 coins33% grn
DePIN#2
+3.67%
2 coins100% grn
Privacy#3
+3.14%
3 coins100% grn
AI#4
+1.42%
14 coins36% grn
DeFi#5
+0.70%
20 coins35% grn
Memes#6
-0.61%
13 coins38% grn
L2#7
-0.75%
8 coins25% grn
Gaming#8
-1.89%
7 coins29% grn
L1#9
-3.40%
24 coins13% grn
Payments#10
-4.20%
3 coins0% grn
Majors#11
-4.22%
2 coins0% grn
Sector breakdown · funding + breadth + flow
| # | Sector | Avg 24h | Median | Funding 8h | Breadth | OI | 24h Vol | Leaders |
|---|---|---|---|---|---|---|---|---|
| 1 | RWA | +4.43% | -0.37% | +0.67 bps | 33% | $15.18M | $27.32M | |
| 2 | DePIN | +3.67% | +3.67% | +1.00 bps | 100% | $9.91M | $7.91M | |
| 3 | Privacy | +3.14% | +2.65% | +2.91 bps | 100% | $421.93M | $720.04M | |
| 4 | AI | +1.42% | -0.77% | +0.90 bps | 36% | $274.11M | $320.92M | |
| 5 | DeFi | +0.70% | -1.24% | +0.90 bps | 35% | $145.47M | $92.49M | |
| 6 | Memes | -0.61% | -1.96% | -0.24 bps | 38% | $67.88M | $71.01M | |
| 7 | L2 | -0.75% | -0.29% | +0.52 bps | 25% | $15.14M | $9.61M | |
| 8 | Gaming | -1.89% | -2.39% | +0.75 bps | 29% | $4.01M | $2.28M | |
| 9 | L1 | -3.40% | -3.17% | +0.47 bps | 13% | $2.14B | $2.04B | |
| 10 | Payments | -4.20% | -3.66% | +0.56 bps | 0% | $150.75M | $105.72M | |
| 11 | Majors | -4.22% | -4.22% | +0.46 bps | 0% | $3.24B | $8.12B | |
| — | Other | -1.28% | -1.37% | +0.66 bps | 23% | $458.46M | $316.18M |
