Reports · Methodology 2.1
C100 monthly report: July 2026
Backtested — before index launch. The index went live on Nov 1, 2026; this month applies the same rules to the market data of the time.
- C100
- +3.91%
- Bitcoin
- +7.30%
- Ethereum
- +18.53%
- C100 year to date
- −31.53%
C100 closed the month at 6,012.10 (Aug 1, 2026, 00:00 UTC), −39.9% from its all-time high of 9,996.45 (Nov 20, 2025).
Summary
These figures are a backtest: the index went live on November 1, 2026, and earlier values apply the same rules to the market data of the time.
The C100 rose 3.9% in July 2026, underperforming Bitcoin (+7.3%) by 3.4 pp and underperforming Ethereum (+18.5%) by 14.6 pp.
The equal-weight C100-EW fell 0.9%, so the larger constituents did better than the average constituent.
Layer 1 added most to the return (+2.95 pp) and AI detracted most (−0.62 pp).
Among the constituents at month end, Uniswap (UNI) had the largest gain (+56.6%) and DeXe (DEXE) the largest loss (−88.9%).
Year to date the index is down 31.5%; it ended July 39.9% below its all-time high of 9,996.45 (November 20, 2025).
At the rebalance on August 3, 2026, weights were reset to target with one-way turnover of 2.8%. Membership is reviewed quarterly, so no assets were added or removed.
After the review, the ten largest constituents made up 65.9% of the index and Bitcoin and Ethereum together 28.3%; 6 assets' weights were set by a cap rule.
July 2026: C100 vs Bitcoin and Ethereum
Returns
| Index or asset | July | Year to date |
|---|---|---|
| C100 | +3.91% | −31.53% |
| C100 Equal Weight | −0.93% | −33.06% |
| C25 | +4.81% | −31.13% |
| C100 ex-BTC | +3.53% | −32.04% |
| Bitcoin | +7.30% | −28.21% |
| Ethereum | +18.53% | −37.29% |
Best and weakest constituents
| Asset | Return | Contribution |
|---|---|---|
| Uniswap UNI | +56.62% | +0.34 pp |
| MemeCore M | +51.14% | +0.15 pp |
| Pump.fun PUMP | +46.31% | +0.08 pp |
| Lido DAO LDO | +43.77% | +0.03 pp |
| Audiera BEAT | +39.09% | +0.14 pp |
| Asset | Return | Contribution |
|---|---|---|
| DeXe DEXE | −88.85% | −0.58 pp |
| Midnight NIGHT | −41.52% | −0.07 pp |
| Bonk BONK | −31.57% | −0.04 pp |
| Pi PI | −28.27% | −0.12 pp |
| Jito JTO | −27.53% | −0.04 pp |
Sectors
| Sector | Contribution | Weight start → end |
|---|---|---|
| Layer 1 | +2.95 pp | 62.35% → 61.64% |
| Exchange | +0.53 pp | 8.17% → 8.64% |
| Payments | +0.16 pp | 7.20% → 7.01% |
| Privacy | +0.27 pp | 6.43% → 6.80% |
| Memes | +0.10 pp | 6.15% → 6.05% |
| DeFi | +0.25 pp | 4.45% → 4.83% |
| Layer 2 | +0.02 pp | 1.67% → 1.67% |
| Other | +0.36 pp | 0.87% → 1.50% |
| Oracles & Infra | −0.11 pp | 1.11% → 0.97% |
| AI | −0.62 pp | 1.48% → 0.80% |
| Gaming & Metaverse | +0.01 pp | 0.13% → 0.09% |
Contributions are in percentage points of the C100 return and add up to it.
Rebalance on Aug 3, 2026
One-way turnover 2.76%, 100 constituents. All rebalances
| Asset | Before | After | Cap |
|---|---|---|---|
| Ethereum ETH | 15.56% | 14.15% | capped |
| Hyperliquid HYPE | 3.47% | 4.45% | |
| Bitcoin BTC | 14.72% | 14.15% | capped |
| Dogecoin DOGE | 3.56% | 3.99% | |
| BNB BNB | 7.35% | 7.08% | capped |
| TRON TRX | 4.67% | 4.50% | capped |
| XRP XRP | 6.92% | 7.08% | capped |
| Audiera BEAT | 0.37% | 0.52% | |
| Solana SOL | 5.39% | 5.54% | capped |
| Cardano ADA | 2.28% | 2.15% | |
| Monero XMR | 2.23% | 2.31% | |
| Canton CC | 1.47% | 1.54% | |
| Chainlink LINK | 1.97% | 2.04% | |
| Bitcoin Cash BCH | 1.35% | 1.41% | |
| Zcash ZEC | 2.68% | 2.62% |
Concentration
- Top 10 weight
- 65.86%
- Bitcoin + Ethereum
- 28.31%
- Weights set by a cap
- 6
- Constituents
- 100
Target weights after the review.