Internet Computer's 40% Rally Led CoinDesk 20 Gainers Over Past Week: CoinDesk Indices Market Update

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).

The CoinDesk 20 Index closed yesterday at 2705.61, up 4.8% week-over-week, but still 2.7% below the index high of 2779.34 earlier this month. The gauge's year-to-date gain is now 57%.

Layer 1 Smart Contract Platform Internet Computer ICP$4.3834 led the CoinDesk 20 over the past week, gaining 40% to a market cap above $8.8 billion.

Only three assets are lower over the past week: Avalanche AVAX$13.25, Solana SOL$127.51 and Polkadot DOT$2.3767.

The CoinDesk 20 tracks top digital assets and is investible 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.