CoinDesk 20 Index Up 19% With Meme Coins Dogecoin and Shiba Inu Leading Gains

According to CoinDesk, the CoinDesk 20 Index (CD20), which tracks the world's largest and most-liquid cryptocurrencies, is up 19% since last Friday's close. All 20 tokens in the gauge have appreciated on the week, with meme coins dogecoin (DOGE) and shiba inu (SHIB) posting outsized gains of 49% and 41%, respectively. Among the CD20, only six assets have failed to earn double-digit returns on the week. These include Layer 2 side chain Polygon's MATIC (+3.1%), decentralized exchange Uniswap's UNI (+3.9%), shared storage platform FileCoin's FIL (+5.5%), Layer 1 Internet Computer's ICP (+5.7%), oracle platform ChainLink's LINK (+8.7%), and payments network Stellar's XLM (8.8%). Outside of the CoinDesk 20, meme coins PEPE (+140%) and BONK (+109%) lead the 189-asset broad market CoinDesk Market Index (CMI), which includes more than 150 tradable cryptos broken down into six sectors. The CD20 and CMI are part of CoinDesk Indices (CDI), which presents weekly charts to analyze the performance of individual names within these indices.