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.
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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