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. It holds the twenty largest non-stable assets, each sized by its US-dollar market cap. When Bitcoin is 55% of that basket, it is 55% of the index. There is no committee tilt.
How to read a print
- 2025-01-01 is genesis at 1,000 points. A print of 973 means the basket’s combined cap is 2.7% below that starting size.
- One index point is $2.4B of basket cap (the genesis divisor ÷ 1000).
- The 24h figure is the cap-weighted return of today’s members — not an average of the twenty prices, and not Bitcoin alone.
- A 1% move in a name with weight W moves DNH20 by W basis points of return. Click any row on the index to see that sensitivity live. The movers panel ranks the same math in index points.
Asset types
Names are grouped into Bitcoin, Ethereum, other layer-1s, DeFi, memes, and other. Wrapped IOUs (WBTC, stETH) are dropped when the underlying is already a member — each sleeve shows live cap and its own cap-weighted 24h. Tap a sleeve to filter the table.
What it is not
- Not a price. You cannot buy DNH20 here. The print is a level, not a share.
- Not equal-weight. The tail names can churn every day and still barely move the level — Bitcoin dominates the dollars.
- Not advice. A rising print means the large-cap basket got more expensive in dollars. It does not say what to hold.
Performance
Seven-day, thirty-day, quarter-to-date, year-to-date and vs-genesis returns are taken from stored daily prints, compared with BTC window-rebased on the same dates. Nothing is invented before the first stored day.
DCA simulator
A weekly dollar-cost-average against stored DNH20 prints, compared with putting the same total in on day one. Hypothetical. No fund to buy.