Crypto Index Tracker – DeFi outperforms EU and US regulatory efforts

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Crypto markets have been volatile this week as investors digest regulatory efforts from the US and EU. Notably, the European Parliament has voted against anonymous crypto transactions as a measure to combat money laundering, and the SEC has issued a recommendation for crypto exchanges to retain information about their customers’ crypto asset holdings.

As for the performance of our various indices, our DeFi index is up 17% the most. Our Smart Contract Index and Privacy Index are up 10% and 6%, respectively. Our Metaverse Index is up just 1 percent, and our Bitcoin Index is the only one to have posted losses this week – It has decreased by one percent.

• Smart Contract Platform Index – Solana (SOL) is up the most at 25% and EOS (EOS) is up the least at 1%. Ethereum (ETH) is up six percent.
• DeFi Index – Aave (AAVE) is up the most, up 42%, and Loopring (LRC) is the only coin to post losses – it is down 0.3%.
• metaverse index – Terra Virtua Kollect (TVK) is down the most, up 18%, and Phantasma (SOUL) is down the most, up 13%.
• Privacy Index – Secret (SCRT) is up the most, up 19%, and Zcash (ZEC) is down the most, down 10%.
• Bitcoin index – Tit’s down one percent.

What is in the four indices?

Here are the indices in detail.

• Bitcoin: The OG of crypto markets deserves a category of its own and in many ways is the true benchmark for every other crypto market.
• Smart contract platforms – AAfter Bitcoin, the big innovation was having blockchains that were more programmable. These could host smart contracts or decentralized applications and have enabled the emergence of the metaverse and DeFi. Ethereum (ETH) is the most popular version of a smart contract platform. In addition to Ethereum, we also include some important competitors. The constituents of this index are Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Solana (SOL), Fantom (FTM), VeChain (VET), Terra (LUNA), EOS (EOS) and Chainlink (LINK). . We also include Polkadot (DOT), which enables interoperability between blockchains and the use of smart contracts via parachains.
• metaverse – COptions related to the creation of a virtual space/digital world on the internet using a combination of augmented reality, virtual reality and social networks. The constituents of this index are Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), Enjin Coin (ENJ), Aavegotchi (GHST), Terra Virtua Kolect (TVK), Ultra (UOS), Phantasma (SOUL). , RedFOX Labs (RFOX) and Gala (GALA).
• Decentralized Finance (DeFi) – FFinancial services built on blockchain networks without central intermediaries. This can be a broad category, so we’re narrowing it down to platforms focused on lending/borrowing, yield farming, automated market making, and decentralized exchange tokens. The components of this index are Aave (AAVE), Compound (COMP), Uniswap (UNI), Yearn.finance (YFI), Loopring (LRC), PancakeSwap (CAKE), Maker (MKR), 1inch (1INCH), Thorchain (RUNE ) and Terra (LUNA).
• Privacy Coins – COins that obfuscate transactions on the blockchain to protect the anonymity of their users and their activities. The components of this index are Monero (XMR), Zcash (SEC), Dash (DASH), Verge (XVG), Horizen (ZEN), Beam (BEAM), Secret (SCRT), Decred (DCR), Keep Network (KEEP ) and Dusk Network (DUSK).

Disclaimer

The comment contained in the above article does not constitute an offer, solicitation, or recommendation to make any investment or liquidate or to engage in any other transaction. It should not be used as the basis for investment or other decisions. Any investment decision should be based on appropriate professional advice specifically tailored to your needs.

Bilal Hafeez is the CEO and publisher of Macro Hive. He spent over twenty years in research at major banks – JPMorgan, Deutsche Bank and Nomura – where he held various “Global Head” positions, conducting forex, rates and cross-market research.

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