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Category: top

GMCI L2

Last updated: 23:23:44 UTC 101.40
-16.21 (-13.78%)
GML2
  • # Assets Included 8
  • Last Rebalanced 29, Mar 2024
  • Top 3 Assets by Weight MATIC, STX, MNT
  • 7 Day
    -15.88%
  • 1 Month
    -28.97%
  • YTD
    2.86%
  • All-Time
    Since Jan 01, 2023
    182.84%

About GMCI L2

The “GMCI L2” tracks leading Layer 2 blockchain technologies, shining a spotlight on innovations driving scalability and efficiency in the blockchain sphere. Focused on pivotal Layer 2 solutions, the index offers a lens through which the progress and impact of these enhancements on primary blockchain platforms are gauged.

Incorporating assets renowned for their role in advancing scalability and fostering technological breakthroughs, the “GMCI L2” equips investors with an in-depth look into the advancements propelling the secondary layer of blockchain infrastructure. As the ecosystem of blockchain continues to mature, the “GMCI L2” emerges as a pivotal indicator of scalability and efficiency innovations, mirroring the dynamic shifts in investment focus and technological development. It positions itself as a fundamental instrument for investors aiming to track and assess the evolution and potential of standout Layer 2 solutions.

GMCI L2 Methodology

GMCI L2 INDEX COMPOSITION

Heatmap

List

> +6%
1-Day Change
< -6%

GMCI L2 RECENT ANNOUNCEMENTS

Improvement of Asset Universe Determination

GMCI has decided to improve the asset selection process by including a minimum requirement for monthly trading volume. This ensures sufficient liquidity required for a smooth index maintenance process. For the GMCI 30, GMCI Layer 1, and GMCI Layer 2 indices, changes will come into effect with the next rebalancing on March 29. The GMCI Meme index, which launched on March 22, is already based on the new selection process. You can find more details in our updated General Index Policy.

Read more on www.gmci.co

Updated Index Methodology

After consulting with different market participants/experts, GMCI has decided to remove the criterion, that an asset in the GMCI L2 needs to be in the top 200 by blended market capitalization. Furthermore, only General Purpose Layer 2 protocols will be included. Compared to the current index version, this leads to the exclusion of Immutable X (Ticker: IMX) and Loopring (Ticker: LRC), which focus on gaming and decentralized finance applications, respectively. Changes will come into effect with the next rebalancing on March 29. For more details, check out our updated index methodology.

Read more on www.gmci.co

GMCI L2 Launch

The GMCI L2 index is set to officially launch at 2 PM UTC on Wednesday, March 6.

Read more on www.gmci.co

Circulating Supply Arbitrum (ARB)

Given an outdated Circulating Supply for Arbitrum's ARB on CoinMarketCap, the Index Oversight Committee has decided to only consider the higher but accurate Circulating Supply as shown by CoinGecko. This constitutes a deviation from our General Index Policy outlined in Section 2.6. Under normal circumstances, in case circulating supply for an asset differs by more than 10 percent between CoinGecko and CoinMarketCap, the lower data point would have been considered.

Read more on www.gmci.co

RELATED PRODUCTS

Crypto Indices

DISCLOSURE

Block Bond Holdings, Inc. (“The Block”) is not the issuer or producer of financial products listed herein (the “Products”) and The Block does not have any responsibilities, obligations or duties to investors in the Products. The only relationship of The Block with Index Innovation B.V. (“Index Innovation”) and Global Markets Crypto Intelligence (“GM”, together with Index Innovation, “GMCI”) is the licensing of GMCI’s indices, which are determined, composed and calculated by GMCI, or any successor thereto.

Investors do not acquire any interest nor enter into any relationship of any kind whatsoever with The Block upon making an investment in the Product. The Products are not sponsored, endorsed, sold or promoted by The Block. The Block does not make any representation or warranty, express or implied, regarding the advisability of investing in the Products or the advisability of investing in securities generally or the ability of GMCI to track corresponding or relative market performance. The Block is not responsible for nor has participated in the determination of the timing of, prices at, or quantities of the Products to be issued. The Block does not have any obligation or liability in connection with administration, marketing or trading of the Products.

Any licensing agreement(s) between or among The Block are solely for the benefit of The Block and not for the benefit of the owners of the Products, investors or other third parties. In addition, any licensing agreement with GMCI or its controlled affiliates is solely for the benefit of  GMCI and its controlled affiliates and The Block and not for the benefit of the owners of the Products, investors or other third parties.

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GMCI is not created, owned, endorsed, sponsored, sold or promoted by The Block or its affiliates and The Block bears no liability with respect to such index or data related thereto. The Block provides no guarantee as to the accuracy and/or the completeness of GMCI or any data related thereto. Past performance of an index is not an indication or guarantee of future results.

Neither GMCI nor The Block makes no assurance that investment products based on GMCI will accurately track index performance or provide positive investment returns. Neither The Block nor GMCI is an investment advisor, and neither The Block nor GMCI makes any representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth in this document nor GMCI. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other investment product or vehicle. Neither The Block nor GMCI is a tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Read the full disclaimer here.

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