CoinDesk 20 performance update: Hedera (HBAR) drops 1.8%, leading index lower

Stellar (XLM), down 1.6% from Tuesday, joined Hedera (HBAR) as an underperformer.

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1980.55, down 0.6% (-12.31) since 4 p.m. ET on Tuesday.

Eight of 20 assets are trading higher.

Leaders: ICP (+11.9%) and DOT (+2.2%).

Laggards: HBAR (-1.8%) and XLM (-1.6%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.

What to know:

• Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.

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CoinDesk 20 Performance Update: Stellar (XLM) Gains 5.1%, Leading Index Higher

Near Protocol (NEAR), up 3.6% from Monday, was also a top performer.

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