S&P has introduced a new blockchain fundamentals index for digital assets. According to this launch, the benchmark will track blockchain networks using protocol revenue. This approach offers an alternative to traditional market capitalization-weighted crypto indexes.
This development is based on reporting from CoinTelegraph. The index provides a different perspective on the digital assets market, focusing on the revenue generated by blockchain protocols rather than their market capitalization.
The launch of this index may provide investors and market participants with a new tool to evaluate the performance of blockchain networks and digital assets. The index's methodology is distinct from traditional market capitalization-weighted indexes, which could lead to varying assessments of the market.