The corporate logo of fintech firm Dunamu (Dunamu)
The index is based on Dunamu’s real time transaction data of digital assets in the Korean won market, while FnGuide analyzes that data to rank the top five cryptocurrencies by market capitalization.
The top two cryptocurrencies on Friday were Bitcoin and Ethereum, the index showed. Each of them had a 30.9 percent and 30.7 percent weighting in the index, taking up a substantial portion. The rest were Ada, Ripple and Dogecoin with a combined 38.4 percent weighting.
The index differs from the 24-hour digital asset market as it is based on opening and closing prices from 9 a.m. to 3:30 p.m.
“The index adopts the same system as Korean stock market so that investors can…