Layer-2 and DeFi tokens surge as markets calm after Fed rate hike fears
Cryptocurrency markets staged a broad recovery as post-Federal Reserve rate hike anxiety eased. Layer-2 blockchain tokens Starknet and Arbitrum were among the top performers, each gaining over 17%. The rally was widespread, with 98 out of 100 tokens in the CoinDesk 100 index recording gains. Adding to the positive sentiment, the 10-year US Treasury yield retreated to below the 5% mark, signaling reduced pressure on risk assets.







