Sharemaestro broad digital-asset benchmark

SM Crypto
Market Index.

SM Crypto Market Index closed the latest daily session at 2264.11. The latest official daily return is 1.03%, with 376 advancing constituents and 91 declining constituents. The latest intraday value is 2272.45 with a 0.37% move from the latest daily close.

Broad-index pathBroad index expansionIndex direction, momentum and constituent participation are aligned; extension risk still matters.
Index strength score 88/100daily index direction and momentum · breadth shown separately
Live benchmark 2272.450.37% from official close
Latest official close 1.03%completed session · 5 Sep 2026
Official-session breadth 79.7%376 of 472 constituents advanced
Market command centreCrypto dashboard →Live cross-sectionCrypto League →

This page scores the path of the capped broad-market index. It does not replace the separate participation score across individual crypto assets. Compare both market layers.

Current benchmark read

The index advance is broadly supported

The benchmark is +18.7% from Trend, 79.7% of constituents advanced in the latest completed session, and the current drawdown is -22.6%. The five largest assets hold 40.0% of index weight.

Possible routeThe cleaner continuation case is a completed close that stays above Trend while more than half of constituents keep advancing.
Failure testA completed loss of Trend with breadth below 45% would turn strength into a warning.
Broad market from five angles

What is driving the benchmark?

Use the tabs to separate direction, participation, risk, momentum and concentration.

Live benchmark available

Is the benchmark holding an established direction?

The black line shows index value. The coloured Trend line shows whether the completed path is strengthening, weakening or between states.

Index ValueTrendActivityFair Value
Trend statePositive
Trend distance18.66%
Fair Value context29.87%
Momentum38.83%
Range position55%
Current drawdown-22.63%
What the index shows

The current broad-market read

Index direction shown separately from wider participation
Direction

Broad index expansion

Index direction, momentum and constituent participation are aligned; extension risk still matters.

Participation

Broad participation

79.7% of current constituents advanced.

Concentration

Distributed leadership

The five largest weights represent 40.0% of the benchmark.

Path risk

55.4% variability

Maximum observed drawdown is -50.3%.

Returns by period

Is the move lasting beyond one day?

Returns over several periods show whether the current direction has persisted or depends on one recent move.

Session
1.03%
7 days
6.73%
30 days
38.83%
90 days
40.08%
180 days
43.89%
1 year
-
Current strength and risk

How much support sits behind the index?

88market score
Broad index expansion

Index direction, momentum and constituent participation are aligned; extension risk still matters.

Effective breadth 23.2 assets
Participation path

Advancing versus declining constituents

The smoothed line makes changes in participation easier to see without hiding the latest daily reading.

Advancing breadthDeclining breadth
Risk path

Drawdown and realised variability

Drawdown shows capital impairment from the prior high; variability shows how difficult the current path is to hold.

DrawdownRealised variability
Momentum path

Rate of Change

Momentum shows whether broad-market expansion is accelerating, stabilising or contracting.

Positive momentumNegative momentumNeutral
Live trading conditions

Capacity and leverage beneath the index

The most liquid markets show whether current movement has usable trading capacity behind it.

Open Crypto Lab
Usable capacity

72.0M visible depth

1.22 bp median spread and 6.84 bp core execution cost.

Open interest

17.0B

3 markets show rising leverage against 13 falling; funding is 9.60% annualised.

Capital pressure

Supply-led flow

-10.9M combined spot and perpetual flow, equal to -15.11% of visible depth.

Tail pressure

19.8K liquidated

Stable-value deviation is 14.00 bps across the observed liquid core.

Live contribution

Top contributors

Weight and movement are kept separate so influence is not confused with performance.

1DASH
0.0266 weightMove
2.49%Contribution
0.0662Weight
0.02662ZEC
0.0872 weightMove
0.49%Contribution
0.0431Weight
0.08723NEAR
0.0230 weightMove
1.67%Contribution
0.0383Weight
0.02304ENSO
0.0085 weightMove
3.98%Contribution
0.0339Weight
0.00855UNI
0.0145 weightMove
1.85%Contribution
0.0269Weight
0.01456TUT
0.0043 weightMove
5.65%Contribution
0.0245Weight
0.00437ARB
0.0073 weightMove
2.80%Contribution
0.0205Weight
0.00738ETH
0.1000 weightMove
0.12%Contribution
0.0120Weight
0.10009XPL
0.0051 weightMove
2.23%Contribution
0.0113Weight
0.005110DOGE
0.0220 weightMove
0.49%Contribution
0.0108Weight
0.0220
Live drag

Largest drags

Negative contribution identifies where current benchmark pressure is concentrated.

1BNB
0.0370 weightMove
-0.39%Contribution
-0.0146Weight
0.03702ZEN
0.0075 weightMove
-0.88%Contribution
-0.0066Weight
0.00753TRUMP
0.0112 weightMove
-0.38%Contribution
-0.0042Weight
0.01124CHIP
0.0029 weightMove
-1.08%Contribution
-0.0032Weight
0.00295MUBARAK
0.0014 weightMove
-2.21%Contribution
-0.0030Weight
0.00146AIXBT
0.0006 weightMove
-4.07%Contribution
-0.0023Weight
0.00067TWT
0.0010 weightMove
-1.47%Contribution
-0.0015Weight
0.00108DCR
0.0012 weightMove
-1.00%Contribution
-0.0012Weight
0.00129XRP
0.0529 weightMove
-0.02%Contribution
-0.0011Weight
0.052910PORTAL
0.0021 weightMove
-0.52%Contribution
-0.0011Weight
0.0021
Index construction

Constituents, weights and liquidity

The benchmark uses capped liquidity weighting to prevent a single asset from defining the entire market read.

472 active constituents · top 10 56.2%
RankAssetWeightLiquidity scoreIndex role
1ETH0.1000865158782Core influence
2BTC0.10001332081167Core influence
3ZEC0.0872320448966Core influence
4USD10.0592217751190Core influence
5SOL0.0539198300191Core influence
6XRP0.0529194597615Material participation
7BNB0.0370135987064Material participation
8DASH0.026697740442Material participation
9NEAR0.023084429871Material participation
10DOGE0.022080969339Material participation
11SAHARA0.021578881633Material participation
12PROM0.018367291520Material participation
13ZKC0.017564301716Material participation
14SUI0.014653818572Material participation
15UNI0.014553378823Material participation
16ADA0.011442028045Diversifying breadth
17TRUMP0.011241203223Diversifying breadth
18ENA0.011040548806Diversifying breadth
19SNDKB0.010939964916Diversifying breadth
20RLUSD0.010036610288Diversifying breadth
21PEPE0.009835902902Diversifying breadth
22ENSO0.008531352812Diversifying breadth
23LINK0.008129664699Diversifying breadth
24TRX0.007828664232Diversifying breadth
25LTC0.007527584169Diversifying breadth
26ZEN0.007527501943Diversifying breadth
27PUMP0.007326987684Diversifying breadth
28ARB0.007326833084Diversifying breadth
29TAO0.006724486650Diversifying breadth
30PAXG0.006323117229Diversifying breadth
Method boundary

How to read the benchmark

The index measures broad crypto-market movement using capped liquidity weighting. Live estimates and completed daily values are labelled separately; participation, concentration, direction and risk remain distinct evidence layers.

Evidence context