New SPPDA Index Fuels Bullish Sentiment for Ethereum, Solana, and Hyperliquid

A new crypto index has been launched by S&P Pantera Digital Asset (SPPDA), which tracks the largest and most economically productive cryptocurrencies. The index's inclusion criteria are based on protocol revenue, with assets requiring two consecutive quarters of positive revenue to be included.

The five largest coins currently in the index are Ethereum (ETH), Binance Coin, Solana (SOL), TRON, and Hyperliquid (HYPE). These assets have been chosen for their ability to generate significant revenue through transaction fees.

Being included in the SPPDA index is seen as a positive development for these coins, as it provides a quality signal to investors. This could lead to future capital flows and potentially even the creation of a crypto exchange-traded fund (ETF) based on the benchmark.