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DACS
Crypto Sectors: Currency Sector
Currency sector refers to any digital asset acting primarily as a medium of exchange and unit of account running on a blockchain network with the ability to complete cross-border transactions without restriction. Digital assets in the Currency sector do not necessarily act as a store of value.
FTX Collapse Spiked Correlation Across Sectors in CoinDesk Market Index
The Digital Asset Classification Standard (DACS), created by CoinDesk Indices, shows correlations between the six sectors spiked massively following the fallout of FTX. Managing Director Jodie Gunzberg explains.
Why Smart Contract Platforms Held Up Better Than DeFi Amid Inflation Fears
Amid inflation concerns, CoinDesk Indices Managing Director Jodie Gunzberg tells “First Mover” that the smart contracts sector held up better than the “recession sensitive sectors” like DeFi. “We are seeing divergence based on different use cases of different assets,” she explains, using CoinDesk’s Digital Asset Classification Standard, also known as DACS.
CoinDesk Indices Launches the Digital Asset Classification Standard, a Roadmap for Investing
DACS is a new classification framework built to adapt to the rising complexity of crypto and the industries forming around it.
