Goodbye, dai and bitcoin sv. Hello, kyber and cosmos.
A swelling in volume in the crypto markets over the third quarter has changed the list of noteworthy digital assets beyond bitcoin and ether that matter most to traders and investors. That change is reflected in the CoinDesk 20.
In the latest revision, based on data from the second and third quarters of this year, five assets were replaced by crypto assets that saw volume surges outpacing even the double-digit gains posted in market volume as a whole.
The CoinDesk 20 list is designed to represent the assets that matter most to the market. While other rankings use market capitalization, the CoinDesk 20 lists crypto assets ranked by market volume over two consecutive quarters, as reported by eight trusted crypto exchanges. The CoinDesk 20 represents the 20 assets with the largest amount of consistent, trusted trading volume in crypto. These assets represent about 99% of total volumes on trusted exchanges, and about 90% of the entire sector’s market capitalization.