As like the S&P Global, or CBOE Global, the new defi index will cover the whole crypto industry. Issued by the Cryptex, the TCAP plans to list more than 2000 projects.
The crypto-based index is rare on the market. There is the Bloomberg Galaxy Crypto, the Crypto10, and Crypto20 from Invictus Capital, something similar from the Bitpanda, and of course, there is the Defi Pulse Index. But that’s almost all. Compared with the thousands of indices in the traditional markets, we could see a huge market opportunity.