todayonchain.com

CoinDesk 20 performance update: index drops 2.4% as all constituents trade lower

CoinDesk
The CoinDesk 20 index fell 2.4% with all 20 assets trading lower, led by AAVE and AVAX.

Summary

The CoinDesk 20 index experienced a 2.4% decline, with all 20 constituent assets trading lower. Aave (AAVE) saw an 8.5% drop, and Avalanche (AVAX) fell 7.6%, contributing significantly to the index's downturn. Despite the overall negative performance, Bitcoin Cash (BCH) and Cronos (CRO) were among the relative leaders, each dropping only 1.0%. The CoinDesk 20 is a globally traded, broad-based index. Separately, the article mentions that blockchain privacy models are weakening due to growing data, with encryption-based models like Zcash showing more resilience.

(Source:CoinDesk)