DNH20
How to read DNH20
The print is a cap-weighted temperature of the twenty largest non-stable crypto assets. Here is what the number is — and is not.
What it measures
DNH20 is a thermometer for large-cap crypto: twenty names, cap-weighted, stables out. Each member’s weight is its US-dollar market cap over the basket. Genesis is 1,000 on 2025-01-01.
How to read a print
- One index point is $2.4B of basket cap — $2.4B at genesis (divisor ÷ 1,000).
- 2025-01-01 genesis is 1,000. A print of 973 means the basket’s combined cap is 2.7% below that starting size.
- The 24h figure is the cap-weighted return of today’s locked 20 — not an average of twenty prices, and not Bitcoin alone.
Official print and ex-BTC
The violet DNH20 line is the official print — the cap-weighted 20. ex-BTC is a window-local overlay (basket minus Bitcoin, rebased in-window). It is not a second official print.
What it is not
- Not a price. The print is a level, not something you can buy here.
- Not a fund and not a token. There is no DNH20 product, share, or contract.
- Not investment advice. A rising print means the large-cap basket got more expensive in dollars. It does not say what to hold.