On July 21, the new S&P Pantera Digital ****** et (SPPDA) Index launched, and with it, investors everywhere now have a quick reference that tells them which cryptocurrencies are probably worth paying attention to. In short, the index's inclusion criteria call for only admitting an ****** et to the index if the protocol backing it earns real revenue. Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and Hyperliquid (CRYPTO: HYPE) all cleared that bar, but Bitcoin and XRP did not.
The SPPDA stands to benefit Solana, Hyperliquid, and Ethereum, not to mention a couple of other coins that it tracks. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The new index tracks the largest cryptoassets that are economically productive, as defined by their protocol revenue, weighted by their market cap.
Protocol revenue (also called chain revenue) is the fees users pay to a network to execute transactions. The index also explicitly seeks to not include those ****** ets that are speculative or uninvestable, like meme coins. Bitcoin, for its part, was excluded because its fees flow to its miners rather than holders, so it has no protocol revenue.

#index #Crypto #ethereum #hyperliquid