The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari.<\/p>\n
The data provides an overview of the 178 assets that currently exist on Ethereum, totaling a combined market capitalization of $63.7 billion just shy of 20% of the entire crypto capitalization.<\/p>\n
Including stablecoins, 124 of the assets have posted a YTD gain, meaning that 70% of Ethereum-based tokens have increased in value despite the shocks felt across the global economy amid the COVID-19 pandemic.<\/p>\n
10 ETH-based tokens have posted YTD gains exceeding 500%, including major decentralized finance protocols Bancor (BNT) and Kyber Network (KNC).<\/p>\n
One-third of Ethereum-based markets have more than doubled in value since the start of the year, with Ether ranking as the 41st-strongest performing asset with YTD gains of 142%.<\/p>\n
15 tokens have suffered single-digit percentage losses, while nine assets have shed over half of their value during 2020 so far.<\/p>\n
Excluding Tether, only Ether and Crypto.com Coin (CRO) sit among the top 10 crypto assets by market cap, closely followed by the 12th-ranked Chainlink (LINK).<\/p>\n
Bitfinexs Unus Sed Leo (LEO) token and the USD Coin (USDC) stablecoin are also ranked among the 20-largest cryptocurrencies.<\/p>\n
The rankings highlight Ethereums popularity among stablecoin issuers, with seven of the 25-largest ETH-based assets comprising stable tokens.<\/p>\n
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Ethereum Is the Best-Performing Asset Class of 2020 - Cointelegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. Continue reading