Solana
SOL and ATOM lead CoinDesk 20 higher as Ether (ETH) underperforms
CoinDesk Indices (Permanent contract) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the CoinDesk broad market index (CMI).
The CoinDesk 20 gained 2.7% over the past week, with 16 of the gauge’s 20 cryptos closing higher. This recovery comes after a tumultuous month of April, during which the index lost more than 25% of its value.
Cosmos led the upward progression. (ATOM) and Solana (GROUND)which strengthened by 15% and 13%, respectively.
Ether (ETH) has been a notable underperformer over the past week, down 3.4% as optimism has diminished on the approval of a spot ETF.
CoinDesk 20 tracks major digital assets and can be invested on multiple platforms. The broader CMI includes around 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture and entertainment, IT and digitalization.