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AVAX's 28% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
All 20 cryptos in the gauge posted gains, with Solana's SOL also among those rising more than 20%.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
While all 20 members of the CoinDesk 20 are in the green over the past week, six appreciated more than 20%. Leading the advance were alternative Layer 1 Smart Contract Platforms Avalanche (AVAX) and Solana (SOL), with 28% and 25% gains, respectively. The overall CoinDesk 20 was ahead 18% and bitcoin (BTC) rose 15%.
STORY CONTINUES BELOW
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Another alternative Layer 1, Aptos (APT) noticeably failed to fully participate in this week’s uptrend, advancing a mere 1%.
The CoinDesk 20 tracks the world's largest and most-liquid cryptocurrencies in an investible index available on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
Tracy Stephens
Tracy Stephens is Senior Index Manager at CoinDesk Indices, where she works to maintain the high standards of robustness and rigor of systematic trading found in traditional finance in index and data products. Before transitioning into crypto, she built systematic macro-trading strategies as a quantitative researcher at Alliance Bernstein, one of the largest asset managers in the U.S., and at Citibank. Tracy holds a Bachelor's degree in Math from Barnard College and a Master's degree in Data Science from the University of California, Berkeley.
