CoinDesk 20 Index Surges 6.0% Led by UNI's 13.5% Gain

Coin WorldFriday, May 9, 2025 9:16 am ET
1min read
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The CoinDesk 20 Index, a broad-based index traded on multiple platforms globally, has shown a significant increase, currently trading at 3138.72, up 6.0% since 4 p.m. ET on Thursday. This surge is driven by a strong performance from several key assets within the index.

Leading the charge is Uniswap (UNI), which has surged by 13.5%. This substantial gain positions UNI as one of the top performers within the index. Following closely is NEAR, which has seen an 11.7% increase. These gains highlight the robust performance of decentralized finance (DeFi) and blockchain technology sectors.

On the other end of the spectrum, Bitcoin Cash (BCH) and Polkadot (POL) are the laggards, with BCH experiencing a slight decline of 0.6% and POL showing a modest increase of 1.1%. Despite these underperformances, the overall index remains bullish, with nineteen out of the twenty assets trading higher.

This performance update underscores the dynamic nature of the cryptocurrency market, where assets can experience significant fluctuations in short periods. The surge in UNI and NEAR suggests growing investor confidence in DeFi and blockchain projects, which could continue to drive the index higher in the coming days.

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