Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. With this mission in mind, we are proud to share our February edition of Movers and Shakers, the monthly resource aiming to bring more transparency and credibility to the rapidly evolving crypto space.
As new assets reach a certain degree of accessibility to investors, specifically as they achieve alignment with our Market Selection Framework and the Trusted Volume Framework, Coin Metrics uses its crypto expertise to describe the assets’ context of use. The following assets are expected to reach alignment this month:
Peanut the Squirrel (PNUT) is a meme coin on Solana honoring Peanut the Squirrel, an instagram celebrity. Peanut was a male eastern gray squirrel rescued in 2017 and rose to fame with posts of his indoor activities with his owners. Peanut was taken by the New York State Department of Environmental Conservation on October 30, 2024, after the State received complaints that the owners were keeping wildlife illegally. Peanut was euthanized to test for rabies, sparking controversy over the State’s actions and how the seizure was handled. The token was created to honor Peanut and serve as a reminder of the capabilities of government intervention in citizens’ lives.
Parcl (PRCL) is a real estate derivatives trading platform that allows users to create perpetual positions on housing price futures in different markets. Parcl runs a Pyth (PYTH) oracle to publish on-chain pricing using the Parcl Labs Price Feed Methodology. The methodology aggregates public government data, reduces duplicate sales, and extends housing coverage beyond previous methods to create a more accurate price for each market. Parcl minimizes trading risk by increasing margin thresholds when a new trader creates imbalances and higher volatility and implements funding rates to create fee requirements when maintaining positions. Liquidity providers receive 80% of trading fees and must lock liquidity for a minimum of 30 days to support individual markets. PRCL tokens are rewarded to points program participants and monthly trading competition winners and can be used to participate in governance proposals to vote on new real estate market releases.
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