Crypto
Upbit launches two digital asset indexes using on-chain data
Dunamu, operator of digital asset exchange Upbit, said on Thursday it launched 2 new on-chain data-based indexes. Upbit Data Lab introduced the Ethereum Small-cap Undervalued Index and the Ethereum Small-cap Overvalued Index, which use the MVRV indicator to gauge whether prices are above or below investors’ average on-chain purchase prices. The indexes rebalance on the 2nd of each month and exclude stablecoins, memecoins and assets with investor protection issues.
