Launch of ixCrypto Infrastructure Index
- Written by Media Outreach
The ixCrypto Infrastructure Index is launched to complement with the IX Digital Asset Industry Classification System ("DAICS®") which was published in September 2022. DAICS® covers both cryptocurrencies and asset-backed tokens. On cryptocurrencies side, there is a three-tier system: Tier 1: Industries, Tier 2: Sectors, Tier 3: Sub-sectors that groups cryptocurrencies into 5 main industries and 12 sectors1.
The infrastructure industry is the second most heavily weighted of the 5 industries under the Cryptocurrencies Category of DAICS®. It comprises of bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions.
The ixCrypto Infrastructure Index will be composed of the index constituents of ixCrypto Index ("IXCI") that fall under the definition of infrastructure industry. The selection will be based on the market capitalization and volume in the past 90 days. The maximum weighting of each index constituent is capped at 40%. The index's inaugural launch includes 16 index constituents, and Ethereum has the highest weight (For more details on weight adjustment, please refer to Appendix 1). For more details on three-tier system, please refer to the Appendix 2. For further information about the DAICS®, please visit https://ix-index.com/daics.html.
The index will be available hourly 24 hours on the official website https://ix-index.com/ with daily CL/OP* price at 8 a.m. Hong Kong time.
*CL/OP is the cut-off that represents previous day closing and opening of the new day
1as at 7 March 2023
Weightings of the Constituents of ixCrypto Infrastructure Index
| Cryptocurrencies | Weighting within DAICS® (%) | Pre-adjusted Weighting (%) | Weighting (%) after 40% Cap |
| 1. Ethereum | 19.91% | 76.64% | 40.00% |
| 2. Polygon | 1.01% | 4.03% | 10.34% |
| 3. Solana | 0.78% | 3.11% | 7.98% |
| 4. Polkadot | 0.74% | 2.74% | 7.05% |
| 5. TRON | 0.62% | 2.43% | 6.23% |
| 6. Avalanche | 0.56% | 2.11% | 5.42% |
| 7. Chainlink | 0.38% | 1.42% | 3.66% |
| 8. Cosmos | 0.38% | 1.35% | 3.47% |
| 9. Toncoin | 0.31% | 1.13% | 2.91% |
| 10. Ethereum Classic | 0.31% | 1.08% | 2.77% |
| 11. NEAR Protocol | 0.19% | 0.69% | 1.78% |
| 12. Algorand | 0.18% | 0.62% | 1.59% |
| 13. Hedera | 0.17% | 0.71% | 1.81% |
| 14. Quant | 0.17% | 0.59% | 1.52% |
| 15. Aptos | 0.17% | 0.73% | 1.86% |
| 16. Internet Computer | 0.16% | 0.62% | 1.61% |
| Total | 26.04% | 100.00% | 100.00% |
*As of 7th March, 2023 based on the market capitalization and volume in the past 90 days. The total universe of the top 50 coins in the DAICS® represents 93.6% of the total crypto market universe. (exclude Wrapped Bitcoin and Terra Classic)
Appendix 2Sector Classification of ixCrypto Infrastructure Index Constituents
| Category | Industry | Sector | Cryptocurrencies |
|
Cryptocurrencies
(1) |
Infrastructure:
(120) Definition: Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc. |
Application Development Protocol and Smart Contract
(012010) |
Ethereum Solana TRON Avalanche Toncoin Ethereum Classic NEAR Protocol Algorand Hedera Aptos Internet Computer |
|
Interoperability
(012020) |
Polkadot Chainlink Cosmos Quant | ||
|
Scaling & Sharding
(012030) |
Polygon | ||
|
Supporting System
(012040) |
Nil |
*As of 7th March, 2023
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The issuer is solely responsible for the content of this announcement.
