a)
Cryptocurrencies
i)
Structure
and
definitions
Tier
1:
Industry
Changes
The
industry
groups
remain
unchanged
with
5
industries.
The
industry
names
and
definitions
also
remain
unchanged.
1)
Payment
(110)
2)
Infrastructure
(120)
3)
Financial
services
(130),
4)
Tech
&
Data
(140)
and
5)
Media
&
Entertainment
(150).
Tier
2:
Sector
Changes
The
number
of
sectors
remain
unchanged
with
16
sectors.
There
is
no
modification
in
Sector
names
as
well
as
the
definition
of
the
sectors.
ii)
Classification
Changes
No
Change
iii)
Green
coins
label
There
are
9
Greens
coins
in
this
review,
labelled
green
in
the
following
table:
|
Energy
Efficient
Consensus
Mechanism
(Pos,
PoH,
PoA,
Hashgraph) |
Renewable
Energy
Use |
|
|
Payment |
Ethena
USDeG
(New)
FDUSDG
(New) |
NIL |
|
Infrastructure
(120) |
NIL |
SOLG
VETG |
|
Financial
Services
(130) |
LEOG
(New)
OKBG
(New) |
NIL |
|
Tech
&
Data
(140) |
NIL |
NIL |
|
Media
&
Entertainment
(150) |
PEPEG
(New) WIFG (New)
IMXG |
NIL |
iii) Coverage of DAICS®
DAICS® coin coverage: top 50 coins by average market capitalization across past 90 days.
DAICS®market capitalization coverage: 89.32%*
The % coverage of market capitalization of the 50th ranked coin: 0.0802%
Member changes within the TOP 50 coins in DAICS®: 5 coins in and 6 coins out.
(For more details about the industry weighting and the 6 changes, please see Appendix 4)
*As
of
9th
December
2024,
based
on
past
90
days
market
capitalization
ranking
including
all
coins*
(exclude
Wrapped
coins
and
Decentralized
Autonomous
Organization
(DAO)
governance
tokens)
Note:
G
as
‘Green‘
labelling
for
cryptocurrencies
that
adhere
to
the
principles
of
sustainability
* * (For details on Industry & Sector definitions under DAICS®, please refer to Appendix 2 & 3)
b)
Asset
Backed
Tokens
(ABT)
i)
Structure
and
definitions
Tier
1:
Asset
Types
Changes
The
asset
types
remain
unchanged
at
6
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.
(For
details
on
Asset
types
and
Branches,
please
refer
to
Appendix
3).
ii)
Classification
Changes
Nil
iii)
Coverage
of
DAICS®
IX
Asia
Indexes
has
not
started
to
classify
any
ABT.
ABTs
will
be
added
to
DAICS®
in
the
next
stage
when
a
fair
amount
of
popular
asset-backed
tokens
are
available
in
the
market.
A
new
ABT
registry
will
be
made
available
to
the
public.
Although
there
has
been
an
increase
in
the
number
of
ABTs,
ABTs
only
comprised
0.106%
of
the
total
market
capitalization
of
digital
assets.
A
classification
summary
and
definition
table
are
available
at
Appendix
5
&
6.
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.
All classification changes including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index will take effect on 17th January 2025.
For more details on our DAICS® qualification criteria, please email daics@ix-index.com.
For the diagrams in Appendix 1-3, please refer to https://ix-index.com/daics.html.
Appendix 4
In and out in DAICS® Top 50 cryptos
| In | Out | |
| 1. | Sui (SUI) | THORChain (THOR) |
| 2. | Artificial Superintelligence Alliance (FET) | Lido DAO (LDO) |
| 3. | Ethena USDe (USDeG) | Arweave (AR) |
| 4. |
Aave
(AAVE) |
The Graph (GRT) |
| 5. | Fantom (FTM) | Theta Network (THETA) |
| 6. | – | Maker DAO (MKR) |
Sector Weighting of the Classification System**
|
Industry |
Weighting
(%) |
|
Payment |
70.406% |
|
Infrastructure |
22.616% |
|
Financial
Services |
4.235% |
|
Tech
&
Data |
0.541% |
|
Media
&
Entertainment |
2.203% |
**Based on 9th Dec 2024
G: Green Label
Appendix 5
Classification of top 50 coins by Market Capitalization
|
Category |
Industry |
Sector |
Cryptocurrencies |
|
|
Cryptocurrencies |
Payment: Blockchain
based
money,
designed
for
transactional
purposes.
This
includes
daily
transactions
usage
and
stablecoins. |
Transaction
&
Payment |
BTC XRP BCH LTC |
XLM KAS CRO XMR |
|
Stablecoin |
USDT USDC DAI |
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 SOLG ADA TRX TON AVAX SUI NEAR |
APT ICP HBAR ETC VETG INJ FTM |
|
|
Interoperability |
DOT LINK |
ATOM |
||
|
Scaling
&
Sharding |
POL STX MNT |
ARB OP |
||
|
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 |
UNI
OKBG |
|
|
Lending
&
Borrowing |
AAVE |
|
||
|
Staking |
Nil |
|
||
|
Tech
&
Data: Provision
of
data
management
and
storage,
and
development
of
innovative
crypto
technology |
Storage
&
Sharing |
FIL |
RENDER |
|
|
Data
Management |
Nil |
|
||
|
Artificial
Intelligence |
TAO FET |
|
||
|
Media
&
Entertainment: Recreational
and
media
services.
Including
content
creation
and
distribution,
advertising
through
crypto-asset
incentive
mechanisms,
gaming
and
collectibles |
Social
Media
&
Community |
DOGE
WIFG |
SHIB
PEPEG |
|
|
Streaming |
NIL |
|
||
|
Gaming |
IMXG |
|
||
|
Metaverse |
NIL |
|
||
Appendix 6
IX Digital Asset Industry and Sector Classification System (“DAICS®“)
|
Category |
Industry |
Sector |
Sector
definition |
|
Cryptocurrencies
(1) |
Payment:
(110) Definition Blockchain
based
money,
designed
for
transactional
purposes.
This
includes
daily
transactions
usage
and
stablecoins. |
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 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 (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 Tokens
that
provide
on-chain
asset
management
services,
crypto-exchange
services,
funding,
lending,
and
other
capital
markets
related
services |
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 |
||
|
Tech
&
Data:
(140) Definition Provision of data management and storage, and development of innovative
crypto
technology |
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 Recreational
and
media
services.
Including
content
creation
and
distribution,
advertising
through
crypto-asset
incentive
mechanisms,
gaming
and
collectibles |
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. |
DAICS® Asset Type Definitions
|
Category |
Asset
Type |
Branch |
Sub
-branch |
|
Asset-Backed
Tokens
(2) |
Culture:
(205) Definition Real
asset
relating
to
sports,
art,
cultural
drama,
festive
collectibles
and
design
IPs
etc. |
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 Assets
that
mainly
derived
its
valuation
from
property,
real
estate,
and
land |
Commercial
Property (21510) |
||
|
Residential
Property (21520) |
|||
|
Governmental
Property (21530) |
|||
|
Residential
and
Commercial
Land (21540) |
|||
|
Financials:
(235) Definition Real
financial
asset
including
listed
company
shareholdings
on
regulated
centralised
exchanges
and
private
company
shareholdings;
debt
instruments;
property
trusts
and
derivatives
that
settled
on
regulated
exchange
(CeFi
and
DeFi). |
Tokenised
Securities
(Company
Securities,
ETF) (23510) |
||
|
Tokenised
Debts (23520) |
|||
|
Tokenised
REITs (23530) |
|||
|
Entertainment:
(255) Definition Ownership
of
the
IPs
assets
in
the
area
of
entertainment
in
real
world
such
as
concert,
play,
shows,
circus,
musicals,
songs,
movies,
games,
events
and
programs,
and
souvenir
collectibles
that
is
derived
from
the
above
areas. |
Movies (25510) |
This shall be further developed in the future with more digital assets available in the market Following definition of the United Nations 17
sustainable
development
goals² |
|
|
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) |
||
|
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
Hashtag: #DAICS
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