- DAICS® coin coverage: top 50 coins by average market capitalization across the past 90 days
- DAICS®market capitalization coverage: 97.53%*
- The % coverage of market capitalization of the 50th ranked coin: 0.060%**
- Member changes within the Top 50 Coins in DAICS®: eight coins added and eight coins deleted
- Additions: Hyperliquid (HYPE), Pi (PI), Bitget Token (BGB), Mantra (OM), Ondo (ONDO), Gate Token (GT), Official Trump (TRUMP), and Ethena (ENA)
- Deletions: Artificial Superintelligence Alliance (ASI), Stacks (STX), Dogwifhat (WIFG), Arbitrum (ARB), ImmutableX (IMXG), Injective Protocol (INJ), Optimism (OP), Fantom (FTM): Renamed to Sonic (S)
The rankings of additions and deletions for the DAICS® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 18th July 2025, with market capitalization, rankings, and weightings available at www.ix-index.com.
*Special
currency
treatment
of
DAICS®
applies,
where
any
wrapped
or
second-level
cryptocurrency
is
not
considered
in
the
calculation
for
the
market
capitalization
of
DAICS®
**Based
on
6th
June
2025
1. Cryptocurrencies 1.1. Structure and Definitions
Tier
1:
Industry
Changes
The
industry
groups
remain
unchanged,
with
5
industries
and
the
respective
weightings
as
follows:
|
Industry |
Weighting
(%) |
|
Payment
(110) |
78.35% |
|
Infrastructure
(120) |
15.78% |
|
Financial
Services
(130) |
4.17% |
|
Tech
&
Data
(140) |
0.24% |
|
Media
&
Entertainment
(150) |
1.46% |
Tier 2: Sector Changes
The number of sectors has increased from 16 to 17. There is one new sector added under the industry group “Financial Services (130)”:
Financial
Asset
Tokenization
(13040)
Definition:
Cryptocurrencies/protocols
that
facilitate
the
tokenized
issuance
and
management
of
financial
assets,
including
but
not
limited
to
real-world
assets
(treasuries,
bonds,
real
estate).
Emphasis
is
on
compliance,
institutional
integration,
fractional
ownership,
and
financial
product
innovation.
The
crypto
itself
is
not
backed
by
a
corresponding
real-world
asset.
1.2.
Classification
Changes
This
review
doesn’t
have
any
reclassification
of
the
existing
coins.
The
DAICS®
1H
2025
cryptocurrencies
classification
is
available
in
Appendix
2.
1.3. Green Coin Label This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. These coins rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS® constituents. The top 20 percentile’s threshold is ≤ 0.005 Wh. The table below lists these low-energy coins.
|
Industry |
Low
Energy-per-transaction
(≤
0.005
Wh) |
|
Payment
(110) |
DAIG USDeG KASG FDUSDG |
|
Infrastructure
(120) |
NIL |
|
Financial
Services
(130) |
LEOG OKBG AAVEG |
|
Tech
&
Data
(140) |
TAOG |
|
Media
&
Entertainment
(150) |
PEPEG |
2. Asset Backed Tokens (ABT)
2.1.
Structure
and
Definitions
Tier
1:
Asset
Type
Changes
The
asset
types
remain
unchanged
as
follows:
1)
Culture
(205),
2)
Real
Estate
(215),
3)
Financials
(235),
4)
Entertainment
(255),
5)
Natural
Resources
(265),
and
6)
Green
Economy
(275)
Tier
2:
Branch
Changes
The
branches
remain
unchanged
at
31.
2.2.
Classification
Changes
This
review
doesn’t
have
any
reclassification
of
the
existing
assets.
2.3.
Coverage
of
DAICS®
IX
Asia
Indexes
has
not
started
classifying
ABTs.
As
of
June
6,
2025,
ABTs
comprised
only
0.67%
of
the
total
market
capitalization
of
digital
assets,
a
rise
from
0.11%
in
the
2024
2H
review.
A classification summary and definition table of both cryptocurrencies and Asset Backed Tokens are available in Appendices 3 and 4. For further information regarding the methodology of the DAICS®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.
For more details on DAICS® qualification criteria, please email daics@ix index.com.
Appendix 1
Additions and Deletions in DAICS® Top 50 Cryptocurrencies
Additions
|
Current
Rank |
Cryptocurrencies |
|
20 |
Hyperliquid (HYPE) |
|
23 |
Pi (PI) |
|
24 |
Bitget Token (BGB) |
|
34 |
Mantra (OM) |
|
35 |
Ondo (ONDO) |
|
41 |
GateToken (GT) |
|
43 |
Official Trump (TRUMP) |
|
49 |
Ethena (ENA) |
Deletions
|
Prev.
Rank |
Cryptocurrencies |
Current
Rank |
|
29 |
Artificial Superintelligence Alliance (ASI) |
54 |
|
37 |
Stacks (STX) |
63 |
|
39 |
Dogwifhat (WIFG) |
93 |
|
42 |
Arbitrum (ARB) |
53 |
|
44 |
ImmutableX
(IMXG) |
67 |
|
47 |
Injective Protocol (INJ) |
66 |
|
48 |
Optimism (OP) |
59 |
|
50 |
Fantom (FTM), Renamed to Sonic (S) |
55 |
Appendix 2
Classification of the Top 50 Coins by Industry and Sector
| Category |
Industry |
Sector |
Cryptocurrencies |
|
|
Cryptocurrencies
(1) |
Payment: Blockchain
based
money,
designed
for
transactional
purposes.
This
includes
daily
transactions
usage
and
stablecoins. |
Transaction
&
Payment |
BTC XRP XLM BCH LTC |
PI XMR CRO KASG |
|
Stablecoin |
USD USD DAI G |
USDeG FDUSDG |
||
|
Infrastructure: 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
&
Smart
Contract |
ETH SOL ADA TRX SUI AVAX TON HBAR |
HYPE APT NEAR ICP ETC GT VET |
|
|
Interoperability |
LINK DOT |
ATOM |
||
|
Scaling
&
Sharding |
MNT |
POL |
||
|
Supporting
System |
NIL |
|
||
|
Financial
services: Tokens
that
provide
on-chain
asset
management
services,
crypto-exchange
services,
funding,
lending
and
other
capital
markets
related
services |
Exchange
Tokens |
BNB LEOG BGB |
UNI OKBG |
|
|
Lending
&
Borrowing |
AAVEG |
|
||
|
Staking |
ENA |
|
||
|
Financial
Asset
Tokenization
(NEW) |
OM ONDO |
|
||
|
Tech
&
Data: Provision
of
data
management
and
storage,
and
development
of
innovative
crypto
technology |
Storage
&
Sharing |
FIL |
RENDER | |
|
Data
Management |
NIL |
|
||
|
Artificial
Intelligence |
TAO
G |
|
||
|
Media
&
Entertainment: Recreational
and
media
services.
Including
content
creation
and
distribution,
advertising
through
crypto-asset
incentive
mechanisms,
gaming
and
collectibles |
Social
Media
&
Community |
DOGE SHIB |
PEPEG TRUMP |
|
|
Streaming |
NIL |
|
||
|
Gaming |
NIL |
|
||
|
Metaverse |
NIL |
|
||
G as ‘Green Coin‘ for cryptocurrencies that adhere to the principles of sustainability
NEW for newly added sector
Appendix
3
DAICS®
Industry
and
Sector
Definition
|
Category |
Industry |
Sector |
Sector
definition |
|
Cryptocurrencies
(1) |
Payment:
(110)
Definition |
Transaction
&
Payment (11010) |
Cryptocurrencies
that
are
used
for
store
of
value,
unit
of
account,
medium
of
exchange |
|
Stablecoin (11020) |
Cryptocurrencies
where
price
is
pegged
to
a
/
a
basket
of,
reference
asset |
||
|
Infrastructure:
(120)
Definition |
Application
Development
Protocol
&
Smart
Contract (12010) |
layer-1
blockchain
network
that
facilitates
DApp
creation
and
smart
contract
execution
and
smart
contract |
|
|
Interoperability (12020) |
Network
that
increases
inter-connectivity
and
integration
of
the
fragmented
cryptocurrency
ecosystem |
||
|
Scaling
&
Sharding (12030) |
Networks
that
increase
the
ability
to
cope
with
the
influx
of
many
transactions
at
a
time
and
blockchain
network
that
can
be
split
into
smaller
partitions,
to
improve
scalability
and
process
transactions
quicker |
||
|
Supporting
System (12040) |
Networks/sidechains
that
improve
functionality
of
layer-1
network |
||
|
Financial
services:
(130)
Definition |
Exchange
Tokens (13010) |
Cryptocurrencies
that
represent
the
stable
coin
in
the
exchange
ecosystem
and
allow
users
to
covert
from
digital
asset
on
decentralised
or
centralised
system
int
fiat
currencies |
|
|
Lending
&
Borrowing (13020) |
Borrowing
and
lending
crypto
assets
with
interest
in
return
and
other
secondary
financial
tools
derived
from
primary
underlying
asset,
such
as
crypto
futures
and
options |
||
|
Staking (13030) |
Holding
and
“staking”
of
certain
amount
of
cryptocurrency
in
a
wallet
to
facilitate
network
operations |
||
|
|
Financial Asset Tokenization (13040) (new) |
Cryptocurrencies/protocols
that
focus
on
the
tokenized
issuance
and
management
of
financial
assets |
|
|
Tech
&
Data:
(140)
Definition |
Storage
&
Sharing (14010) |
Crypto
protocols
that
provide
decentralized
storage
and/or
sharing
of
data
filing
and
resources. |
|
|
Data
Management (14020) |
Networks/Protocols
that
facilitate
the
indexing
and
querying
of
data
from
blockchain(s),
enabling
efficient
data
retrieval
and
management
for
decentralized
applications |
||
|
Artificial
Intelligence (14030) |
Cryptos/Protocols
that
facilitate
the
use
of
AI
powered
apps
or
projects
directly
using
blockchain
platform. |
||
|
Media
&
Entertainment:
(150)
Definition |
Social
Media
&
Community (15010) |
Cryptos
that
provides
mast
social
community
and
followers
without
a
close
secondary
industry
sector |
|
|
Streaming (15020) |
Cryptos
that
provides
rights
to
access
decentralised
video-streaming
sites |
||
|
Gaming (15030) |
Cryptos
which
mainly
used
in
gaming
or
gaming
supporting
industry |
||
|
Metaverse (15040) |
Cryptos
that
is
commonly
used
in
collective
virtual
open
space,
created
by
the
convergence
of
virtually
enhanced
physical
and
digital
reality.
This
includes
the
use
of
VR
and/or
AR
and/or
3D. |
Appendix 4
DAICS® Asset Type and Branch Definition
| Category |
Asset
Type |
Branch |
Sub
-branch |
|
Asset-Backed
Tokens
(2) |
Culture:
(205)
Definition |
Art (20510) |
This
shall
be
further
developed
in
the
future
with
more
digital
assets
available
in
the
market |
|
Sports (20520) |
|||
|
Festive
Collectibles (20530) |
|||
|
Design
IPs (20540) |
|||
|
Drama
and
Play
IPs (20550) |
|||
|
Real
Estate:(215)
Definition |
Commercial
Property (21510) |
||
|
Residential
Property (21520) |
|||
|
Governmental
Property (21530) |
|||
|
Residential
and
Commercial
Land (21540) |
|||
|
Financials:
(235)
Definition |
Tokenised
Securities
(Company
Securities,
ETF) (23510) |
||
|
Tokenised
Debts (23520) |
|||
|
Tokenised
REITs (23530) |
|||
|
Entertainment:
(255)
Definition |
Movies (25510) |
This shall be further developed in the future with more digital assets available in the market | |
|
Songs (25520) |
|||
|
Concerts (25530) |
|||
|
Gaming (25540) |
|||
|
All
Other
Entertainment
Events
and
Collectibles (25550) |
|||
|
Natural
Resources:
(265) Definition Natural
resources
asset
that
derived
directly
from
sea,
sky,
atmosphere
and
underground
and
can
be
classified
as
a
commodity
with
standardisation
such
as
precious
metals,
agricultural,
energy
and
metals. |
Precious
Metals (26510) |
||
|
Agricultural (26520) |
|||
|
Energy (26530) |
|||
|
Metals (26540) |
|||
|
Green
Economy
(275) Definition Ownership
of
Projects
Asset
that
falls
under
the
definition
of
the
UN
17SDG²s,
with
over
80%
of
the
income
or
jobs
provided
on
these
17
initiatives. |
No
Poverty
&
Zero
Hunger (27510) |
Following
definition
of
the
United
Nations 17 sustainable development goals² |
|
|
Good
Health
and
Well-Being (27520) |
|||
|
Quality
Education (27530) |
|||
|
Gender
Equality (27540) |
|||
|
Clean
Water
and
Sanitation/Affordable
and
Clean
Energy (27550) |
|||
|
Decent
Work
and
Economic
Growth/
Industry,
Innovation,
and
Infrastructure/
Partnerships
for
the
Goals (27560) |
|||
|
Reduced
inequalities/
Peace,
Justice
and
Strong
Institutions (27570) |
|||
|
Sustainable
Cities
and
Communities/Responsible
Consumption
and
Production (27580) |
|||
|
Climate
Action (27590) |
|||
|
Life
Below
Water
&
Life
on
Land (27500) |
² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals
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