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CoinDesk 20 Index Falls 3.1% as UNI and AAVE Lead Declines

CoinDesk Indices reported a broader daily pullback in the CoinDesk 20, with all 20 constituent assets trading lower and UNI and AAVE posting the steepest losses.

BNB
DOT
UNI

Summary

CoinDesk Indices said the CoinDesk 20 was trading at 2102.78, down 3.1% or 68.15 points since 4 p.m. ET on Tuesday. None of the index’s 20 constituent assets were trading higher in the latest daily market update. The relative leaders were DOT, down 0.6%, and BNB, down 1.9%, while the weakest performers were UNI, down 4.9%, and AAVE, down 4.4%. CoinDesk described the CoinDesk 20 as a broad-based index traded on multiple platforms in several regions globally.

Terms & Concepts
  • CoinDesk 20: A broad-based digital asset index that tracks 20 crypto assets and is traded on multiple platforms across several regions.
  • Index: A benchmark that measures the performance of a selected group of assets to show overall market direction.
  • UNI: The token associated with Uniswap, a decentralized exchange protocol that enables crypto trading through smart contracts.