There are a huge number of coins and tokens on the cryptocurrency market, and it can be difficult to navigate them, not just for beginners, but even for experienced users.
The primary requirement was the project's time on the market. In line with industry standards for benchmark indices, the project must have been active for at least one year following the token launch. We also prioritized high liquidity and a clean security track record to ensure assets can be traded efficiently without slippage or major risks.
Here and below, we are referring only to assets listed in the app's category index cards and presets. However, the protocol allows you to select any assets and add them to an index yourself.
The second key selection criterion was the project’s ability to generate revenue. Unfortunately, it's not always possible to achieve a stable income after incentive programs are ended. At this stage, most projects were eliminated. To strengthen our position, we decided to keep only those projects that generate more than $100,000 per month in protocol revenue (as of early 2026, sourced from onchain analytics).
In the third stage, we grouped the assets into categories.
Envelop indices can be deployed on any blockchain. We started with Arbitrum, but we strongly recommend the Ethereum mainnet, as it offers a much wider range of assets with greater liquidity and deeper market depth.
Unlike its competitors, the Envelop Index doesn't issue IOUs.
The Envelop Index is a true smart wallet that actually holds the assets you have selected.
It was important to ensure a better user experience. The protocol never holds assets; they are purchased the moment the user creates an index, and it is preferable for the swap process to occur in batches rather than one by one.
Thus, our benchmark indices were established in the following categories:
Layer 1 Blockchains: Core blockchains providing security, decentralization, and native assets ($BTC, $ETH, $BNB, $TRX, $NEAR, $ZEC). These form the foundational infrastructure of the entire crypto economy.
Scaling: Layer 2 scaling solutions, interoperability protocols, and critical blockchain infrastructure ($POL, $ARB, $STRK, $IMX, $LINK, $ZRO). These tokens power faster, cheaper transactions and cross-chain connectivity.
DEXs: Leading DEX platforms and liquidity protocols powering decentralized trading ($UNI, $CAKE, $JUP, $LIT, $FLUID, $PENDLE). The heart of on-chain trading and liquidity provision.
Credit & Borrowing; Decentralized lending markets, credit protocols, and borrowing platforms ($AAVE, $MORPHO, $SYRUP, $EUL, $SPK, $SKY). Essential for capital efficiency and stable yield in DeFi.
5. Staking & Yield: Liquid staking derivatives, yield optimization protocols, and passive income strategies ($LDO, $ETHFI, $SPECTRA, $YB, $ENA, $SKY). Designed for users seeking sustainable passive returns.
6. AI & Infrastructure: Artificial intelligence protocols and decentralized physical infrastructure networks ($TAO, $ATH, $VIRTUAL, $LINK, $NEAR). The fastest-growing narrative bridging AI and blockchain.
7. Real World Assets: Tokenized real-world assets, institutional finance, and regulated digital securities ($ONDO, $CRCL, $SPY, $NVDA, $XAUt, $ENA). Traditional finance on-chain with tokenized stocks, bonds, and commodities.
Go to the Envelop dApp, choose a pre-built portfolio or create your own, and start profiting from market growth today.
Although a number of researchers have identified strong long-term correlations among cryptocurrencies ($BTC, $ETH, $BNB, $ADA, $XRP), the crypto asset market continues to evolve rapidly and is affected to both internal (the emergence of new technologies and trends) and external influences (global macroeconomic factors).
At the same time, researchers clearly identify the reasons for changes in correlations:
Market stress: During periods of high volatility (crises), the correlations among all risky assets tend toward one (the “contagion effect”). Unfortunately, the frequency and severity of crises only increase over time.
Macroeconomic factors: Changes in monetary policy (Fed rates) and inflation rates.
Financialization: The entry of institutional investors and the creation of ETFs for new asset classes (gold, BTC) link these assets to broader capital flows, increasing their long-term correlation with market leaders (BTC, ETH, etc.) while simultaneously reducing their correlation with assets not held by institutional investors.
Although we did not account for the correlation among crypto assets when compiling the indices, it is nevertheless important to record the current historical returns for the indices:
