Xin Global Digital Asset Industry Classification Standard ("DAICS®") 2025 Mid-Year Review Results

Overview

Hong Kong - June 27, 2025 - Xin Global Index Asia announced the mid-year review results of its Digital Asset Industry Classification Standard ("DAICS®") for 2025. Designed to provide professionals with a transparent, standardized taxonomy, DAICS® categorizes digital assets into:

1. Cryptocurrencies
2. Asset-Backed Tokens (ABT)

Each follows a three-tier hierarchical system:

• Cryptocurrencies: Layer 1 (Industry) → Layer 2 (Sector) → Layer 3 (Sub-Sector)
• ABTs: Layer 1 (Asset Type) → Layer 2 (Branch) → Layer 3 (Sub-Branch)

Key Findings

1. DAICS® Coverage Metrics

• Top 50 Cryptocurrencies: Ranked by market cap over the past 90 days.
• Market Coverage: 97.53%* of the digital asset market.
• 50th-Ranked Crypto Coverage: 0.060%** of total market cap.

2. Membership Changes

• Additions (8): Hyperliquid (HYPE), Pi (PI), Bitget Token (BGB), Mantra (OM), Ondo (ONDO), Gate Token (GT), Official Trump (TRUMP), Ethena (ENA).
• Removals (8): Artificial Superintelligence Alliance (ASI), Stacks (STX), Dogwifhat (WIFG), Arbitrum (ARB), ImmutableX (IMXG), Injective Protocol (INJ), Optimism (OP), Fantom (renamed to Sonic (S)).

👉 Explore DAICS® methodology

Structural Updates

Cryptocurrencies

Layer 1: Industries

• 5 industries retained with unchanged definitions and weightings:

  • Payment (78.35%)
  • Infrastructure (15.78%)
  • Financial Services (4.17%)
  • Technology & Data (0.24%)
  • Media & Entertainment (1.46%)

Layer 2: Sectors

• New Sector: Financial Asset Tokenization (13040) under Financial Services.

  • Focus: Tokenized issuance/management of financial assets (e.g., bonds, real estate, stablecoins).

Green Cryptocurrencies

• 9 low-energy coins identified (≤0.005 Wh per transaction):

  • Payment: DAIG, USDeG, KASG, FDUSDG
  • Financial Services: LEOG, OKBG, AAVEG
  • Technology & Data: TAOG
  • Media & Entertainment: PEPEG

Asset-Backed Tokens (ABT)

• No structural changes to asset types (6) or branches (31).
• Market Coverage: ABTs represent 0.67% of total digital asset market cap (vs. 0.11% in H2 2024).

Appendices

Appendix 1: Top 50 Cryptocurrency Changes

| Action | Cryptocurrency | Rank |
|------------|---------------------|---------|
| Added | Hyperliquid (HYPE) | 20 |
| Removed | Fantom (→ Sonic) | 55 |

👉 View full rankings

Appendix 2: Cryptocurrency Classification

| Industry | Sector | Examples |
|--------------------|---------------------------|---------------------------|
| Payment | Stablecoins | USD, DAI, USDeG |
| Financial Services | Financial Asset Tokenization* | OM, ONDO |

*New sector.

FAQs

1. What is DAICS®?

A global standard classifying digital assets into cryptocurrencies and ABTs using a three-tier hierarchy.

2. How often is DAICS® updated?

Semi-annually (June and December).

3. What are "Green Cryptocurrencies"?

Coins with energy consumption ≤0.005 Wh per transaction, ranked in the top 20% for sustainability.

4. How are ABTs categorized?

By asset type (e.g., real estate, culture) and branch (e.g., art, sports).

👉 Learn about tokenization frameworks

Notes:
* Excludes wrapped tokens/secondary cryptos.
** As of June 6, 2025.
G = Green-certified coins.
For methodology details, visit Xin Global Index.