worldcoinindex.com
Coinbase has introduced a new crypto market benchmark called the Coinbase 50 Index (COIN50), designed to reflect the performance of the top 50 cryptocurrencies by market cap. This index simplifies the vast crypto landscape, focusing on the largest and most fundamental assets.
The COIN50 aims to offer a crypto equivalent to the S&P 500 by carefully selecting and weighing assets based on their market size, covering 80% of the industry’s total value. This approach provides a clear view of crypto market trends, capturing key sectors and delivering a stable metric for assessing performance.
Matthew Sigel, head of digital assets research at VanEck, noted that COIN50 brings "an additional layer of rigor," employing a filter system for investability via VanEck’s MarketVector indexing technology.
The index composition heavily favors Bitcoin, with 50.3% of the weight, followed by Ethereum at 27.5%, while Solana, XRP, and Dogecoin make up smaller portions. The remaining coins receive an aggregate 11.2%, diverging from other indices that emphasize infrastructure tokens.
Coinbase has structured COIN50 to include diverse segments, from media to payments, distinguishing itself from indices focused primarily on layer-1 and smart contract platforms. According to COIN50’s factsheet, its one-year performance reached 97.65%, far outpacing the market’s average return of 19.4%, driven by standout assets like Quant, ZCash, and Avalanche.