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NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update

All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally.

By Tracy Stephens|Edited by Stephen Alpher

Updated May 17, 2024, 4:11 p.m. Published May 17, 2024, 4:11 p.m.

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).

All but two members of the CoinDesk 20 closed Thursday at levels higher than last Friday, including Bitcoin (BTC), which advanced 7.6%, and Ether (ETH), which added 1.6%.

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Smart contract platform Near Protocol's (NEAR) token advanced 10% this week, the highest among index members. NEAR has now appreciated more than 50% month-on-month, far outpacing the next best performer, Solana (SOL), which added 20%.

The two assets that ticked lower this week were Layer 0 platform Cosmos' (ATOM) and Layer 1 Aptos's (APT), which fell 3% and 1.4%, respectively.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

CoinDesk 20

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.