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Layer-2 and DeFi Tokens Drive Broad Crypto Market Rally

Layer-2 tokens Starknet and Arbitrum rose more than 17% as post-Fed hike concerns eased. The 10-year Treasury yield fell below 5%, while 98 of CoinDesk’s 100 tracked crypto assets advanced.

CoinDesk 2026-09-18 10:33 35 unique views

Layer-2 and DeFi Tokens Drive Broad Crypto Market Rally

Layer-2 and DeFi-related crypto tokens led a broad market advance as concerns following the Federal Reserve’s rate hike eased, according to CoinDesk. Starknet and Arbitrum each gained more than 17%, putting both networks’ native tokens among the strongest performers in the move. Market sentiment also coincided with a decline in the 10-year U.S. Treasury yield, which slipped back below 5%. The rally extended across much of the market, with 98 of the 100 assets tracked in the CoinDesk 100 advancing. Other assets covered in the broader market set include Ethereum Name Service, Solayer and related crypto tokens. The report was published on September 18, 2026.

Source CoinDesk Written by Moneyiar based on reporting from the cited source and Moneyiar market data.

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