2100INDICES
The Professional Crypto Market Benchmarks
Why?
2100INDICES was born from the need for institutional-grade crypto market measurement, independent from single-asset bias, with transparency powered by scientific methodology.
Traditional benchmarking is outdated
By using comprehensive crypto-native indexes, we unlock:
- • Market representation
- • Risk assessment
- • Performance measurement
Crypto markets need professional tools
Professional indexes provide better insights than single-asset tracking for institutional decision-making and ecosystem development.
We built a new index architecture
It tracks the entire crypto ecosystem through size, factor, and tradability dimensions, protected from single-asset dominance by scientific weighting methodology.
What is so special about it?
While crypto markets are volatile and operate 24/7, traditional tracking methods fail. Markets evolve too rapidly for most participants to keep up.
That's why we developed a comprehensive index series that captures true market movement through multiple lenses:
Size Indices
NWST1100, NWSL100, NWSM200
Factor Indices
Coins vs Tokens analysis
Tradability Indices
Liquidity-focused benchmarks
This enables investors to benchmark strategies and measure risk effectively across the entire crypto ecosystem.
DAOQE – Digital Asset Orderbook Quality Evaluation
While others talk about volume, 2100INDICES measures true market quality.
The proprietary DAOQE system introduced in 2018 was the world's first quantitative framework to assess how well a digital asset actually trades.
DAOQE uses real order-book data and other metrics to score:
- •Cost to trade (spreads and execution depth)
- •Liquidity resilience and slippage risk
- •Market stability during volatility shocks
Each digital asset receives both an absolute score and a relative grade (Excellent → Extremely Weak). This distinction between liquid and illusory markets provides the missing foundation for serious liquidity analysis, portfolio construction, and risk evaluation.
From Research to Implementation
Because 2100INDICES indices have been calculated continuously since 2018, they form a robust empirical laboratory for market researchers.
Their depth and consistency allow:
Beta & Correlation
Volatility and correlation matrices across segments
Market Dynamics
Liquidity cycles and capital concentration
Breadth Models
Stock-market-grade analytics
Cryptocurrency Indexes
Comprehensive benchmarks tracking cryptocurrency market performance across size, factor, and tradability dimensions. Our transparent index methodology provides institutional-grade measurement tools for the digital asset ecosystem, enabling better investment decisions and risk management.
Tradable Indexes are available as investable strategies through our trusted partner 
, providing accessible exposure to our institutional-grade benchmarks.
Tradable Indexes focus on highly liquid cryptocurrencies with sufficient volume and accessibility for practical investment implementation. These indexes emphasize assets with strong trading infrastructure, regulatory clarity, and institutional adoption potential.
| Index name | Price | 24H | 1W | 1M | 1Y | Market Cap | Weekly Graph | |
|---|---|---|---|---|---|---|---|---|
NWSETEthereum tokens ETF | ||||||||
NWSLTLarge cap ETF | ||||||||
NWSCOTNative coins ETF | ||||||||
NWSBCTBlue chip ETF |
Market Breadth Indicators
Market Breadth Indicators reveal how deep a market move really runs. We compute a unique suite of breadth indicators for each of its ten analytical indices:
- A50R and A200R – shows the percentage of constituents trading above their 50-day and 200-day EMA, a short-term participation barometer.
- ADVL – quantifies capital movement normalized by structural price factors (OHLC), serving as a quasi-liquidity gauge.
- ADVP – measures net capital flow between advancing and declining assets, capturing internal money rotation.
- McClellan Oscillator (MO) and McClellan Summation Index (SI) – track the acceleration and persistence of breadth momentum.
Together, these indicators form a multi-dimensional x-ray of the crypto market — enabling statistical breadth and momentum studies previously impossible in digital finance.
Relative Rotation Graph
The Relative Rotation Graph (RRG) displays the relative momentum and strength of different cryptocurrency indexes. Assets in the upper right quadrant (Leading) show strong momentum and relative strength, while those in the lower left (Lagging) indicate weakness in both dimensions.
Frequently Asked Questions
Understanding 2100INDICES methodology, index construction, and how our benchmarks serve the crypto ecosystem.
What makes 2100INDICES different from other crypto benchmarks?
2100INDICES provides fully independent, institutional-grade benchmarks that track the entire crypto ecosystem through multiple dimensions - not just market cap. Our methodology follows professional capital market standards, using scientific weighting and rigorous selection criteria to avoid single-asset bias.
How often are the indexes rebalanced?
All 2100INDICES indexes are rebalanced bi-weekly on Fridays at 12:10 UTC, with changes effective at 17:00 UTC. This frequent rebalancing ensures our indexes stay current with the rapidly evolving crypto market while maintaining stability through buffer rules.
What are the main index categories?
Our index series covers three key dimensions:
- •Size Indices: NWST1100 (Total Market), NWSL100 (Large Cap), NWSM200 (Mid Cap), NWSS300 (Small Cap)
- •Factor Indices: Coins vs Tokens analysis, Ethereum-based vs alternative blockchains
- •Tradable Indices: Liquidity-focused benchmarks for practical investment implementation
How do you ensure index quality and avoid manipulation?
We use exponential moving averages (EMA) for both market capitalization and volume screening with a 24-period span to smooth short-term volatility. Only assets in the top 60% of market cap and first quartile of liquidity are eligible, ensuring representative and investable benchmarks.
What is the Laspeyres methodology?
Our indexes follow the Laspeyres Index methodology, calculating price changes based on a fixed base basket. This provides consistent measurement over time. The index value starts at 1000 (base date: August 2, 2018) and tracks cumulative performance while maintaining continuity through divisor adjustments.
Who can use 2100INDICES data?
Our indexes serve institutional investors, fund managers, researchers, analysts, media participants, and students. We encourage ecosystem development by providing transparent benchmarks for performance assessment, strategy evaluation, ETF creation, risk analysis, and academic research.
How do you handle blockchain forks and extreme market events?
During hard forks, both resulting assets remain in the index until the next rebalancing, when normal eligibility rules apply. In extreme market conditions affecting overall liquidity, we may adjust thresholds to maintain index integrity while preserving methodology consistency.
Where can I access the full methodology?
Our complete methodology guide details selection criteria, calculation formulas, rebalancing procedures, and quality controls. The methodology is regularly reviewed and updated to reflect market evolution while maintaining historical consistency.