Total Crypto Market Cap Token

Cryptex Finance

Article via CoinTelegraphGrayscale added 25 tokens to those it is considering for investment products and added AMP to its DeFi Fund, while Coinbase listed four small projects.Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products, including VeChain (VET), <a href="https://cointelegraph.com/iota-price-index" rel="noopener noreferrer nofollow">Iota</a>, Monero (<a href="https://cointelegraph.com/xmr-price-index" rel="noopener noreferrer nofollow">XMR</a>) and Axie Infinity (AXS).Other assets under consideration are Algorand (ALGO), Arweave (AR), Bancor (BNT), BitTorrent (BTT), Bora, Convex (CVX), Cosmos (<a href="https://cointelegraph.com/cosmos-price-index" rel="noopener noreferrer nofollow">ATOM</a>), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala, Gelato (GEL), Helium (HNT), Holo (HOT), Oasis Network (ROSE), Secret (SCRT), Spell Token (SPELL), Stacks (STX), The Sandbox (SAND), Universal Market Access (UMA) and Yield Guild Games (YGG).In addition to the 25 coins added to its assets under consideration, Grayscale also said in a Monday <a href="https://grayscale.com/assets-under-consideration-and-current-products/?utm_source&#61;TWITTER&amp;utm_medium&#61;social&amp;utm_term&#61;product&amp;utm_content&#61;6232768218&amp;utm_campaign&#61;assets&#43;under&#43;exploration&amp;linkId&#61;149405992" rel="noopener noreferrer nofollow">update</a> on its website that it had added Amp to its Grayscale DeFi Fund.Grayscale’s current lineup of 15 crypto investment products has $55 billion in assets under management (AUM). The Grayscale Bitcoin Trust and Grayscale Ethereum Trust account for $31.2 billion of the AUM.The Grayscale DeFi Fund currently has $7 million in AUM and is down 35.8% since its inception in July 2021, according to data from Grayscale’s website.Many of the coins now being considered are among the top 100 coins by market capitalization, according to CoinGecko.VET was originally launched as an ERC-20 token on the Ethereum network in 2015 but has since become the native token on the <a href="https://cointelegraph.com/news/vechain-upgrades-to-proof-of-authority-2-0-consensus-mechanism" rel="noopener noreferrer nofollow">VeChainThor blockchain network</a>. The token and the network are used by real-world industries for supply chain tracking and management.Iota is the native token for the Iota distributed ledger, which helps devices connect to the Internet of Things. The project was founded in late 2015.AXS is the governance token for the play-to-earn Axie Infinity game that has seen huge success in the past year. It traded for $0.97 with a $48-million market cap on Jan. 26, 2021, and is now trading at $51.90 with a market cap of $3.6 billion.While these three tokens are well known and have amassed large followings, the same is not necessarily true for the tokens Coinbase has just added.Coinbase is the third-largest crypto exchange in the world with nearly $4 billion in daily trading volume, and it <a href="https://twitter.com/CoinbaseExch/status/1486041704276893703" rel="noopener noreferrer nofollow">listed</a> four relatively unknown tokens on Wednesday. The four coins are Cryptex (CTX), DIA, Maple (MPL) and Unifi Procol DAO (UNFI). None of these tokens currently cracks the top 500 by market capitalization, but by listing them, Coinbase is staying true to its word to “make a lot more coins and tokens available in 2022” according to a Tuesday <a href="https://twitter.com/CoinbaseAssets/status/1485707984873287684" rel="noopener noreferrer nofollow">tweet</a>.The Cryptex team spoke with Cointelegraph about its goals moving forward from the Coinbase listing. When asked how a small crypto project can benefit from such a listing, co-founder and CEO Joe Sticco said:<blockquote>“It allows us to remain nimble and community-driven, [at] the same time we can now reach all corners of the globe.”</blockquote>Cryptex is a decentralized autonomous organization (DAO) that manages the TCAP Index, which tracks the total crypto market capitalization. CTX is up 10.7% in the past 24 hours trading at $10.79.Related: <a href="https://cointelegraph.com/news/new-research-expects-a-gloomy-year-for-bitcoin-as-defi-and-daos-rise" rel="noopener noreferrer nofollow">New research expects a gloomy year for Bitcoin as DeFi and DAOs rise</a>Sticco also addressed what it would take for a small project to rise to the point where it would be considered by Grayscale for an investment product. He said:<blockquote>“I think at the end of the day, it’s not so much about where we all start… It’s about starting small and working to solve problems that are incredibly hard to make the future of finance the best it can be for all participants.”</blockquote>

Grayscale considers VeChain and Iota as Coinbase lists 4 low-cap coins

matz

Other articles published on Feb 8, 2022

What is a Crypto Index?

IIP-93: Improved Token Economics, Increased INJ Burn and Chain Optimizations

Pirate x Pirate Moonsheet

Why DeFi Projects Choose Chainlink Instead Of Building Their Own Oracles

Kommunitas x Knit Finance

Road to Canonical Chain Mainnet Release

Join our free newsletter for daily crypto updates!