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Solana and Cosmos Lead CoinDesk 20 Higher: CoinDesk Indices Market Update

Tracy Stephens
·1-min read

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

The CoinDesk 20 gained 2.7% over the past week, with 16 of the 20 cryptos in the gauge closing higher. This recovery comes after a tumultuous month of April, in which the index lost more than 25% of its value.

Leading the move higher was Cosmos {{ATOM}} and Solana {{SOL}}, which strengthened 15% and 13%, respectively.

Ether {{ETH}} was a notable underperformer over the past week, falling 3.4% as optimism waned over approval of a spot ETF.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.