Answering the question: which cryptocurrencies matter the most to the market?
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With thousands of digital assets and more being added, we’re left with a very important question: which cryptocurrencies matter most to the market?
Announcing the CoinDesk 20, a group of 20 digital assets that currently make up most of what people mean when they say “the cryptocurrency market.” These assets are worth more than 90% of the entirety of the crypto market; however, valuations alone don’t tell the whole story.
Using three separate studies that analyze the veracity of trading volumes on cryptocurrency exchanges, we identified eight exchanges that appeared in all studies. As it turns out, the 20 assets on this filtered list comprise 99% of all trading volume on the eight exchanges.
So, when we asked which cryptocurrencies matter most to the market, we were left with the CoinDesk 20. |
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The CoinDesk 20 is not a ranking of relative worth or importance of each crypto or blockchain project. Additionally, the list is not static. It goes without saying that, over time, some newcomers will join this list and existing assets will drop off. Every quarter, CoinDesk will re-run this analysis and update the list accordingly.
We have also relaunched our asset pages. We’ve brought in more data and stories from other sources to make these asset pages more useful to you.
This is only the beginning. We are excited to carefully and gradually evolve the CoinDesk 20 as the field of digital assets progresses. We’ll certainly tweak the data we ingest and alter how we present it on our asset pages. And we may even revisit the methodology based on new perspectives and reader feedback, which you can share with our research team. |
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