CM Prices v1.1 Release Notes

September 7, 2023

Coin Metrics is pleased to announce the version 1.1 release of our CM Prices. Coin Metrics publishes a collection of prices for a set of cryptocurrencies and fiat currencies consisting of the Coin Metrics Reference Rates (“CM Reference Rates”) and the Coin Metrics Principal Market Prices (“CM Principal Market Prices”).

An updated policy document and methodology document can be found in our Knowledge Base. This release includes the addition of several additional cryptocurrencies to our coverage universe and some terminations to our coverage universe.

Coverage Universe Additions

This release expands our coverage universe to include 108 additional assets. This release brings our total coverage universe to a total of 729 assets. The additional assets are included below.

SONM (snm)
Etherparty (fuel)
TokenClub (tct)
Open Campus (edu)
BOB (bob)
Mantle (mnt)
Ronin (ron)
Artificial Liquid Intelligence (ali)
Contentos (cos)
PERL.eco (perl)
TROY (troy)
VIDT DAO (vidt)
WOM Protocol (wom)
Brazilian Digital Token (brz)
DEAPcoin (dep)
FIO Protocol (fio)
Meter Stable (mtr)
Meter Governance (mtrg)
Sologenic (solo)
Sperax (spa)
Proton (xpr)
dForce (df)
BurgerCities (burger)
New BitShares (nbs)
Kava Lend (hard)
COVER Protocol (cover)
VAIOT (vai)
EasyFi V2 (ez)
Hot Cross (hotcross)
Origin Dollar (ousd)
Telos (tlos)
Centrifuge (cfg)
IAGON (iag)
Lithium (lith)
Mango (mngo)
Seedify.fund (sfund)
Wing Finance (wing)
Aurory (aury)
DOSE (dose)
GooseFX (gofx)
Popsicle Finance (ice)
Pendle (pendle)
Numbers Protocol (num)
Symbiosis (sis)
Radix (xrd)
SPACE ID (id)
MonkeyLeague (mbs)
Umee (umee)
Geojam Token (jam_geojam)
Toko Token (tko)
UniLend (uft)
GensoKishi Metaverse (mv)
DappRadar (radar)
Marinade (mnde)
Metaplex (mplx)
SIDUS (sidus)
XEN Crypto (xen)
Vita Inu (vinu)
Volt Inu (volt)
PREMA (prmx)
Mythos (myth)
Access Protocol (acs)
Blur (blur)
Arbitrum (arb)
Bone ShibaSwap (bone)
Bitgert (brise)
Gifto (gft)
Gains Network (gns)
Echelon Prime (prime)
Radiant Capital (rdnt)
SingularityNET (agix)
XANA (xeta)
IguVerse (igu)
KCAL (kcal)
MOVEZ (movez)
RSS3 (rss3)
Camelot Token (grail)
StreamCoin (strm)
LayerAI (lai)
Pepe (pepe)
ArbDoge AI (aidoge)
ASTRA Protocol (astra)
CANTO (canto)
Cetus Protocol (cetus)
ChainGPT (cgpt)
Kaspa (kas)
Milady Meme Coin (ladys)
MongCoin (mong)
Superpower Squad (squad)
Sui (sui)
TENET (tenet)
tomiNet (tomi)
Turbo (turbo)
Turbos Finance (turbos)
Wojak (wojak)
COMBO (combo_combo)
Maverick Protocol (mav)
Rollbit Coin (rlb)
Tortuga Staked Aptos (tapt)
Hadesswap (hades)
Shimmer (smr)
Vela Token (vela)
Bitget Token (bgb)
Quickswap (quick_new)
Arkham (arkm)
Neon EVM (neon)
Sei (sei)

Coverage Universe Terminations

The following 21 assets are terminated from our coverage universe due to low volume from our constituent markets token swaps, token rebrandings, or delistings from exchanges.

Time New Bank (tnb)
Nitro Network (ncash)
DATA (dta)
CyberMiles (cmt)
ChatCoin (chat)
Kepple (qlc)
Molecular Future (mof)
urora Chain (aoa)
Hong Kong Dollar (hkd)
Seele (seele)
Haven Protocol (xhv)
USDK (usdk)
Energi (nrg)
NuCypher (nu)
Cocos-BCX (cocos)
renBTC (renbtc)
Reserve (rsv)
Insight Protocol (inx)
Olympus (ohm)
PathDAO (path)
Hadesswap (hades)

Applications of Expert Judgment

On May 12, 2023, the Oversight Committee voted to remove markets trading on Binance.US and Bittrex from serving as constituent markets for almost all assets as a precautionary measure due to uncertainty about the exchanges ability to maintain markets that adhere to our selection criteria described in our Coin Metrics Prices Methodology. For certain assets, the only available constituent market trades on Bittrex, so these assets still utilize constituent markets trading on Bittrex. These assets are MonaCoin (mona), SIRIN LABS Token (srn), Ignis (ignis), LBRY Credits (lbc), Unibright (ubt), Hxro (hxro), Neutrino USD (usdn).

About the CM Prices

The CM Reference Rates are published once a day, once an hour, once a minute, once a second, and once every 200 milliseconds and utilize volume-weighted median, time-weighted average, and inverse price variance-weighted median techniques. Common use cases for the CM Reference Rates include research, backtesting, calculating net asset value for investment funds, calculating closing prices for indexes or financial benchmarks, serving as a data source for on-chain price oracles, risk management, indicative intraday values for investment funds and financial benchmarks, and settling financial derivatives.

The CM Principal Market Prices are published once a day, once an hour, once a minute, and once a second and adhere to the guidelines regarding fair value measurement issued by the International Financial Reporting Standards and the Association of International Certified Professional Accountants, specifically standards IFRS 13 and FASB ASC 820. The Principal Market Prices identify a principal market for each asset and utilize the most recent price from this market. Common use cases are for fair value measurement, preparing financial statements, and calculating closing prices for indexes or financial benchmarks.

The CM Prices are designed to serve as a set of transparent and independent pricing sources that promote the functioning of efficient markets, reduce information asymmetries among market participants, facilitate trading in standardized contracts, and accelerate the adoption of cryptocurrencies as an asset class with the highest standards. The CM Prices are calculated using robust and resilient methodologies that are resistant to manipulation and adhere to international best practices for financial benchmarks, including the International Organization of Securities Commissions’ (IOSCO) Principles for Financial Benchmarks. The Coin Metrics Oversight Committee (the “Oversight Committee”) and an independent governance structure protect the integrity of the CM Prices and ensure the CM Prices serve as a source of transparent and independent pricing.

Please contact Coin Metrics through our website or at [email protected] for more information on the CM Prices.