Forkast ETH NFT Composite
Methodology 
INDEX OVERVIEW
The Forkast Indexes are a family of digital asset indexes designed to measure the market performance of non-currency digital assets trading via smart contracts on various blockchains. The family is composed of a wide range of indexes based on size, blockchain, and sector, and will be publicly launched in stages.
The indexes are weighted by a combination of adjusted market capitalization and adjusted unique traders. The composition of each index is algorithmically driven by the above factors and adjusted sales volume and is rebalanced each day to keep pace with the rapidly evolving market.
LIVE INDEXES
Forkast 500 NFT Index. The flagship index measures the performance of the global NFT market and can include assets on any blockchain. It’s considered to be a proxy of the entire NFT market and includes 500 eligible smart contracts on any given day.
Forkast ETH NFT Composite. The index measures the performance of the Ethereum NFT market and currently includes up to 250 eligible smart contracts on any given day.
Forkast SOL NFT Composite. The index measures the performance of the Solana NFT market and currently includes up to 100 eligible smart contracts on any given day.
Forkast Polygon NFT Composite. The index measures the performance of the Polygon NFT market and currently includes up to 100 eligible smart contracts on any given day.
Forkast Cardano NFT Composite. The index measures the performance of the Cardano NFT market and currently includes up to 100 eligible smart contracts on any given day.
Articles tagged Forkast ETH NFT Composite
Ethereum NFT production falls to all-time low in September
NFT production on Ethereum fell to an all-time low in September, as the floor prices of blue-chip NFT collections continued their decline.
Toncoin leads top 10 cryptos with weekly gain of 31%, could Bitcoin rise to US$30,000 by October?
Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 31% since its Telegram partnership last week. Despite Bitcoin’s short-term corrections, it could return above the US$30,000 support level by October, according to market experts. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 TON leads winners, […]
Solana leads winners in top 10 cryptos; Bitcoin, Ether rise for 2nd consecutive day
Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability. See related article: Weekly Market Wrap: […]
Binance.US CEO calls it quits amid major layoffs
Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.
XRP erases gains from Ripple’s partial victory as Bitcoin falls 10% in a week
Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.
Bitcoin steady at US$28,500; Dogecoin leads market decline in Asia
Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.
Y00ts NFTs to migrate again — this time to Ethereum
Y00ts, a non-fungible token (NFT) collection that has been the second most traded NFT collection on Polygon over the past week, announced that it will migrate to Ethereum, the world’s largest blockchain for NFTs.
Bitcoin, Ether, top 10 cryptos fall; SEC accepts Valkyrie’s spot Bitcoin ETF for review
Bitcoin and Ether both fell below key price levels earlier but returned above as investors remained optimistic after the U.S. Securities and Exchange Commission (SEC) accepted the second Bitcoin exchange-traded fund (ETF) application for review, from asset manager Valkyrie.
Bitcoin, Ether slip, top cryptos mixed, XRP biggest gainer after last week’s court win
XRP continued its rally after XRP issuer Ripple’s favorable ruling last week in its lawsuit with the U.S. Securities and Exchange Commission (SEC).
Bitcoin inches up, holds above US$30,500; all other top 10 cryptos mixed
Bitcoin trade volumes dropped in the last 24 hours but the token is holding steady above US$30,500. Binance’s BNB token posted the biggest gain while most other top 10 cryptocurrencies traded mixed.
Bitcoin steady above US$30,000, all top 10 cryptos rise on market optimism
Bitcoin breached US$31,000 level in the past 24 hours after falling back to hold above US$30,000. Ether and all other top 10 cryptos gained.
Bitcoin dips but holds above US$30,000, all other top 10 cryptos drop
All top 10 cryptocurrencies, including Bitcoin and Ether, drop over the last 24 hours while investors brace for more interest rate hikes in the U.S.
Bitcoin rises back to US$30,000, Ether remains under US$1,900, top cryptos in the red
Crypto buying subsided as the U.S. regulator made no official comment on Bitcoin exchange-traded fund (ETF) applications and executives quit Binance, the world’s largest crypto exchange.
Cardano ‘ghost chain’ outperforms top blockchains in NFT market
Despite a plunge in unique NFT buyers on Cardano, which earned it the nickname “ghost chain,” data reveals that the blockchain’s NFT market outperformed leading competitors such as Ethereum, Solana, and Polygon in June.
Bitcoin dips but holds above US$30,000, all top 10 cryptos drop
Despite a slight dip in crypto prices, positive investor sentiment persists, buoyed by the potential of Bitcoin ETFs, rising institutional adoption, and recovery from regulatory concerns.
Bitcoin holds above US$30,000, most other top 10 cryptos mixed
Bitcoin slipped 0.04% but remained above US$30,000. Ether fell 0.97% to US$1,875.
Bitcoin slips but remains above US$30,000, amid crypto custodian Prime Trust’s cease order
Bitcoin remained above US$30,000, even as Nevada state regulators in the U.S. ordered crypto custodian Prime Trust to cease operations.
Bitcoin stays below US$26,000 in mixed market, Binance’s BNB biggest loser in 24 hours
BNB token of crypto exchange Binance dropped 5.5% in 24 hours amid lawsuits against the exchange by the U.S. SEC.
Why the US is waging war on Binance, Coinbase
Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.
Bitcoin dips below US$27,000, Litecoin biggest loser
Bitcoin drops below US$27,000 on Monday amid mixed crypto market. Litecoin, BNB see losses while XRP, Tron, Solana gain.
Bitcoin, Ether in red, XRP lone gainer in top 10
A downturn impacted Bitcoin and Ether, along with the majority of top 10 non-stablecoin cryptocurrencies in Wednesday’s Hong Kong trading session. XRP remained the sole exception, maintaining its positive performance from the morning.
Ethereum NFTs now transferable to Bitcoin
Ordinals’ BRC-721E token standard is set to introduce NFT transfers from Ethereum to Bitcoin through a burn and claim process.
Most top 10 cryptos up, despite looming fears of US default
Bitcoin and Ether rose during afternoon trading in Asia on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, excluding the Solana and Tron tokens.
Top 10 cryptos decline, except Matic, as debt ceiling negotiations erode risk appetite
Bitcoin and Ether fell during afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding Polygon’s Matic token. Most Asian equities declined while most U.S. stock futures strengthened, despite Fitch Ratings placing America’s AAA rating on a negative watch, citing rising concerns that the government could default on its […]
Crypto and NFT Market Update – May 16th
Welcome to The Daily Forkast, May 16, 2023, presented by Megha Chaddah for the latest in the crypto markets. Bitcoin and other cryptocurrencies return to sideways trading apart from Litecoin, which has continued its bull run in the last 24 hours. In the NFT markets, a Bored Ape Yacht Club NFT sold for US$1 million […]
Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains
Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.
Forkast 500 NFT Index slides, Polygon blockchain NFT sales jump nearly 250%
The Forkast 500 NFT Index fell to a near two-month low in Asia trading on Friday morning, with sales slumping on the Ethereum and Solana blockchains, the two biggest for non-fungible tokens. Polygon, the third biggest, saw a sales surge.
Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder
NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.
Forkast 500 NFT index slips, BAYC NFTs leads in sales volume
The Forkast NFT 500 Index slipped 0.68% to 4,276.12 in the 24 hours through 4:45 p.m. in Hong Kong on Wednesday.
The Future of NFTs
As multi-chain NFTs take off, Forkast Labs launches a vital new way to measure value on the blockchain.
The digital economy needs a better BS detector — so we are building it through data transparency
Blockchain data is public for all to see. The irony is that few know what to look for, and why. A new set of indexes by Forkast Labs filters out the noise and offers data intelligence and clarity.