Security Token Market is proud to release October 2024’s market report, analyzing secondary market activity and benchmarking against the CoinDesk 20 Index (CD20).

In this month’s market report, we have meticulously tracked 680 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• CoinDesk 20 Index Benchmark

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight: Hashnote

• New Tokens and Announcements

A Sneak Peek

Market Highlights

In October, trading activity declined a significant amount, -42.13% at 147 tokens, compared to 254 tokens in September 2024. Additionally, the overall trading volume showed a decrease of -27.07% from $4,180,650 in September to $3,048,764 in October.

On the other hand, the market cap increased by 8.70% over the month, rising from $42,480,343,597 on October 1st to $46,175,429,297 by the close of the month.

CoinDesk 20 Index Benchmark

A hypothetical, equally-weighted security token bundle of all STM-tracked RWAs showed decent growth, outperforming the CoinDesk 20 by 1.74%. This is a turn of events from September where the CD20 was up 13.12% on the month vs. security tokens’ 1.06%. 

This growth for security tokens comes at a great time to continue riding momentum going into November, where we expect there to be even bigger growth post-election. That said, although the basket grew, there is some concern around the decrease in volume in October which will be touched on, by asset class. 

A Special Thank You to CoinDesk Indices:

The CoinDesk 20 Index benchmarks for this report are generated from data supplied by CoinDesk Indices. We’d like to thank Kim Greenberg, Teun Lucas, and the CoinDesk Indices team for their collaboration.

Taken from the CoinDesk Indices website, the CoinDesk 20 Index (CD20) is a broad-based index that measures the performance of top digital assets.

Characteristics include:

• Designed with liquidity, diversification benefits, and implementation in mind

• Applies a capped market capitalization-weighted methodology to enhance diversification

• Calculated and published once every five seconds

• Built using the CoinDesk Indices’ Digital Asset Classification Standard (DACS) and drawn from the CoinDesk Market Index (CMI) universe

Complete details available in the CoinDesk 20 Index Methodology and on the Governance page.

Nothing in this report should be construed as investment or legal advice. The information gathered is for educational purposes only.

Events

Join us for a session with serial entrepreneur and intrapreneur Rob Gonda from Amsterdam Group on how to use AI in marketing and PR for your digital assets.

We'll be exploring:

• How issuers can leverage AI to identify and reach potential investors

• How AI is affecting marketing and PR strategies via automated content creation and in-depth audience research

• Navigating AI challenges and more

Rob will be sharing insights from his endeavors and previous experiences, including being the first Chief Digital and Data Officer at McDonald's.