S&P Dow Jones Indices and Pantera Capital launched a digital asset index that ranks blockchain networks by protocol revenue instead of market capitalization, offering a new benchmark for fundamentals-based crypto investing.

S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, an 18-token benchmark screening for protocol revenue and excluding Bitcoin.

The S&P Pantera Digital Asset Index tracks 18 blockchain protocols based on revenue generation and utility, excluding Bitcoin and XRP.