CoinDesk 20 Performance Update: Stellar (XLM) Gains 5.1%, Leading Index Higher

Near Protocol (NEAR), up 3.6% from Monday, was also a top performer.

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2004.71, up 1.4% (+26.87) since 4 p.m. ET on Monday.

Fifteen of 20 assets are trading higher.

Leaders: XLM (+5.1%) and NEAR (+3.6%).

Laggards: BCH (-1.0%) and UNI (-0.5%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.

What to know:

• Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.

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CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 2% as Index Trades Flat

Internet Computer (ICP), up 1.4% from Friday, was also among the top performers.

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