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Results of the IX Digital Asset Industry Classification System ( DAICS® ) 2H 2025 Review

  • Written by Media Outreach
HONG KONG SAR - Media OutReach Newswire - 18 December 2025 - IX Asia Indexes today announced the 2nd Half 2025 Review of the IX Digital Asset Industry Classification System ("DAICS®"), aiming to provide professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens (ABTs) in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; and for ABTs: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch. The results are as follows:
  • DAICS® coin coverage: As of 3rd December, the top 50 coins by average market capitalization across the past 90 days
  • DAICS®market capitalization coverage: 96.98%*
  • The % coverage of market capitalization of the 50th ranked coin: 0.048%**
  • Member changes within the Top 50 Coins in DAICS®: eight coins added and nine coins deleted
  • Additions: Zcash (ZEC), World Liberty Financial USD (WUSD), PayPalUSD (PYUSD), Memecore (M), Worldcoin (WLD), Story (IP), Arbitrum (ARB), KuCoin (KCS)
  • Deletions: Mantra (OM), GateToken (GT), Official Trump (TRUMP), VeChain (VET), Render (RENDER), First Digital USD (FDUSD), Filecoin (FIL), Cosmos (ATOM), Algorand (ALGO)
  • 9 Green Coins labelled: Cronos (CRO), Pi (PI), Internet Computer (ICP), Hedera, Sui (SUI), Toncoin (TON), Arbitrum (ARB), Mantle (MNT), Tron (TRX)
Note: *Special currency treatment of DAICS®applies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS® **Based on 3rd December 2025 G: Green Coin The rankings of additions and deletions for the DAICS® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 23rd January 2026, with market capitalization, rankings, and weightings available at www.ix-index.com. 1. Cryptocurrencies1.1. Structure and Definitions Tier 1: Industry Changes The industry groups remain unchanged, with 5 industries and the respective weightings as follows:
IndustryWeighting (%)
Payment (110) 73.87%
Infrastructure (120) 19.89%
Financial Services (130) 4.82%
Tech & Data (140) 0.22%
Media & Entertainment (150) 1.20%
Tier 2: Sector Changes The number of sectors has increased from 17 to 18. There is one new sector added under the industry group "Tech & Data (140)": Identification (14040) Definition: Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token. 1.2. Reclassification Changes This review doesn’t have any reclassification of the existing coins. The DAICS® 2H 2025 cryptocurrencies classification is available in Appendix 2. 1.3. Green Coin Label This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. The coins selected rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS® constituents. The top 20 percentile's threshold in this review is ≤ 0.150 Wh. The table below lists these low-energy coins.
IndustryLow Energy-per-transaction (≤ 0.150 Wh)
Payment (110)CROGPIG
Infrastructure (120)ICPGSUIGARBGTRXGHBARGTONGMNTG
Financial Services (130) NIL
Tech & Data (140) NIL
Media & Entertainment (150) NIL
Note:G as 'Green Coin' labelling for cryptocurrencies that adhere to the principles of sustainability 2. Asset Backed Tokens (ABT) 2.1. Structure and DefinitionsTier 1: Asset Type Changes The asset types remain unchanged at 6 as follows: 1) Culture (205), 2) Real Estate (215), 3) Financials (235), 4) Entertainment (255), 5) Natural Resources (265), and 6) Green Economy (275) Tier 2: Branch Changes The number of branches has increased from 31 to 32, with a new branch added under Financials (235): Tokenized funds (23540). 2.2. Classification Changes This review doesn’t have any reclassification of the existing assets.2.3. Coverage of DAICS® A classification summary and definition table of both cryptocurrencies and ABTsare available in Appendices 3 and 4. For further information regarding the methodology of the DAICS®, please refer to the "IX Digital Asset Industry Classification System"- principle and guiding methodology...

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