Recently, the market has shown a clear multi-point flowering characteristic, with tokens across multiple sub-sectors rising simultaneously. Let's take a closer look at some of the highlights in this wave of market activity.

**Domain Name Services and Identity Protocols Lead the Way**

ID, as a representative of space domain name protocols, performed the most impressively, with a 28.55% increase, leading the market. The gains of such tokens are usually directly linked to the popularity of digital identity, domain name services, or project ecosystem expansion, and tend to be highly volatile. Similar tokens include some related to trading ecosystems; a leading exchange-related token rose by 16.79%, with huge trading volume but relatively restrained gains, indicating complex capital battles and that the market's expectations for these tokens are still being digested.

**L2 and Bitcoin Ecosystem Become Focus Points**

The performance of L2 layer projects is particularly eye-catching. POL, as a token of the Polygon ecosystem, increased by 14.98%. This upward movement may stem from the market’s ongoing focus on Ethereum layer 2 solutions and ecosystem development. Meanwhile, STX, representing Bitcoin smart contract layer, rose by 12.13%. The rise of such tokens is often closely related to developments in the Bitcoin ecosystem (such as BRC-20) and L2 narratives, and has actually become a barometer for this sector.

**Established Public Chains Show Mild Rebound, Rebound Logic Emerges**

EGLD and CELO, both multi-chain architecture public chains, performed steadily. EGLD rose modestly by 10.12%, which could be a technical rebound or a correction after a sharp rise, but to truly strengthen the trend, new breakthroughs at the ecosystem level are needed. CELO, focusing on mobile DeFi and stablecoins, increased by 9.18%, which is neither hot nor cold. Its rise may be related to narratives around mobile encryption adoption and stablecoin use cases, but overall gains remain moderate.

**Independent Trends in Sub-Sectors**

FORM continued to make the list, with a 14.04% increase, but the growth rate has significantly narrowed compared to the previous day. This indicates that after a violent surge earlier, the token has entered a high-level consolidation phase, with increased bullish and bearish divergence, and the risk of blindly chasing highs is accumulating. RESOLV, with a 10.13% increase, also shows modest gains with no prominent trading volume. As a dispute resolution protocol, it belongs to a very niche sector, and its rise is mostly driven by independent or small-scale rotation trends. The veteran payment project ACH increased by 7.92%, and such tokens' rises are often related to partnerships with payment channels, increased trading volume, and other fundamental news, making their trend relatively stable.

**Market Characteristics and Trading Suggestions**

Overall, market hotspots are indeed dispersed. Domain name services, exchange ecosystems, L2 solutions, and established public chains are all performing, showing a multi-point flowering but lacking an absolute mainline. Under these circumstances, it is best not to blindly chase after tokens that have already been rising continuously. Instead, focus on those with clear logical support and whose gains have not yet become overheated.