The circulating token supply includes all tokens in existence as reported by the smart contract underpinning each of the constituent currencies. The circulating token supply for each DFX constituent is updated daily by TradeBlock at 4 p.m. Eastern Time.
|Asset||Supply||Reference Price||24H Vol||Index Weight|
The CoinDesk DeFi Index (DFX) is designed to measure the investable DeFi market by weighting a basket of DeFi cryptocurrencies based on their market capitalization. Through a rules-based index methodology, created by CoinDesk Indexes, and calculated and maintained by TradeBlock, Inc. (a subsidiary of CoinDesk, Inc.), the index includes the largest DeFi cryptocurrencies as measured by their market capitalization and is reviewed on a quarterly basis for potential adds and/or drops. DFX is a market-index based on CoinDesk’s U.S. dollar-denominated Reference Prices for the constituents and their corresponding token supply.
The market cap-weighting for each constituent is calculated by multiplying the circulating token supply for each constituent by its end-of-day price at 4 p.m. Eastern time each day, as reflected by the 24-hour VWAP of the corresponding CoinDesk Reference Rate, and then determining the percentage share of each relative to the aggregate market cap of all constituents. The market capitalization for each constituent is then used as the weighting for the subsequent 24-hour index level calculations. This process is repeated every 24 hours to recalculate daily weightings.
CoinDesk provides reliable, institutional-grade market indexes for a basket of select cryptocurrencies—the CoinDesk Large Cap Index (DLCX) and the CoinDesk DeFi Index (DFX)—and single currency prices indexes and reference rates.
The end-of-day reference price, calculated by TradeBlock, corresponds to a 24-hour volume weighted average price across a number of cryptocurrency exchanges that follow TradeBlock’s exchange eligibility criteria.
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