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Polkadot and Cosmos Gain in a Rocky Week for Crypto: CoinDesk Indices Market Update
All but four cryptos in the CoinDesk 20 posted losses over the last week, led by declines in NEAR, BCH, and DOGE.
Updated May 3, 2024, 3:00 p.m. Published May 3, 2024, 2:52 p.m.
In this article
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).
Only four assets in the CoinDesk 20 gained week-to-date. Polkadot and Cosmos led the gains, both of which are multi-chain protocols that operate as networks of connected blockchains.
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Three assets in the index fell more than 10% this week – , dogecoin , and bitcoin cash .
The CoinDesk 20 is down 15% month-on-month, but has a one-year return of 87%.
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.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast
Bowing to what he called a "cold breeze," but not a "crypto winter," Geoff Kendrick slashed his year-end outlook for BTC to $100,000 and doesn't expect $500,000 until 2030 versus 2028 previously.
What to know:
- Bitcoin’s roughly 36% slide from its Oct. 6 peak has been steep, but it remains within expected bounds, according to analyst Geoff Kendrick.
- Further corporate buying via bitcoin digital asset treasury firms is unlikely as their valuations no longer justify expansion.
- He slashed his year-end outlooks for bitcoin, now seeing $500,000 as being hit in 2030 versus 2028 previously.
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