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CoinDesk 20 Performance Update: Index Slips 2.2% as Spot Ether ETFs Begin Trading

Declines of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading.

Jul 23, 2024, 2:13 p.m.
9am CoinDesk 20 Update for 2024-07-23 - laggards

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2299.72, down 2.2% (-51.54) since yesterday's close.

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Four of 20 assets are trading higher.

Leaders: ETC (+4.1%) and MATIC (+1.5%).

9am CoinDesk 20 Update for 2024-07-23 - leaders

Laggards: ICP (-5.6%) and AVAX (-5.2%).

9am CoinDesk 20 Update for 2024-07-23 - laggards

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Robinhood CEO says tokenized stocks could prevent another GameStop freeze

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