1. DeSci Market Overview
2. Key Tokens in the DeSci Sector
3. Overall Cryptocurrency Market Slump

Decentralized science (DeSci), with a total market capitalization of $368 million, is facing a market slump.

DeSci Market Overview

Decentralized science (DeSci), with a total market capitalization of $368 million, is facing a market slump. This is a niche sector focused on using blockchain technology for open, incentivized, and community-driven scientific research.

Key Tokens in the DeSci Sector

OriginTrail (TRAC) leads the sector with a valuation of $224 million. Other top DeSci coins include Hippocrat (HPO), Dynex (DNX), Research Coin (RSC), and Galeon (GALEON). TRAC, ranked 186th-largest altcoin in the digital asset space and currently trading at $0.5513, is down 4.37% in the past 24 hours. The token has decreased by 5.85% in the past week, 19.75% in the last 30 days, but is up 134.59% since August 2023.

Overall Cryptocurrency Market Slump

The broader crypto market also witnessed the slump with Bitcoin (BTC) not being able to reclaim the $60,000 price level and is trading at $59,000 at the time of documentation. Other cryptocurrencies in the DeSci sector also turned bearish. HPO was down 6.54% in the past 24 hours.

The DeSci sector and the broader cryptocurrency market have faced a significant decline in the past 24 hours, reflecting on the valuations of key tokens and the overall market dynamics.