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dxFeed Launched a New Indices Family to Estimate the Ethereum Blockchain’s Value


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NEW YORK City, NY, (February 2, 2023 – 500NewsWire) — dxFeed, a leading data solutions and index management provider for the global financial industry, both traditional and crypto, has launched the dxFeed Ethereum Blockchain Value Indices. The new indices family estimates the Ethereum blockchain’s value by composing a portfolio of representative tokens from that blockchain and computing its market price in real-time.

dxFeed Blockchain Value Index Family is based on the firm’s own methodology and consists of four indices (EMCN, EMC, EVTN, EVT). Configurations of each of them are available depending on a weighting scheme and whether the native token, ETH, is included in the set of index components or not.

Market cap weighting reflects a token’s relative “importance” for the blockchain in terms of its total “mass.” A weighting scheme based on the volume-to-turnover ratio assigns larger weights to more liquid tokens. The index composition remains relatively stable following periodic rebalancing procedures, especially considering…

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