Happy Friday, everyone. This is Markets Daily from CoinDesk. I'm your host, Jen Sanassi, and on today's show, we're passing it over to CoinDesk Indices for some weekly market insights.

Wondercraft AI voice here to give you three crypto markets takeaways from last week.

And stick around. At the end, we'll have additional analysis from Greg Magadini,

director of derivatives at Amber Data. First, Tracy Stevens, senior index manager at

CoinDesk Indices, provides markets highlights as of Friday, March 8th.

Memecoin Shiba Inu continues to see outsized gains among the CoinDestk 20.

Shiba Inu has more than doubled in value so far this week and is up nearly two and a half

times month to date. Bitcoin Cash and Ethereum Classic have also emerged this week as

outperformers, up 38 and 28% respectively.

Chainlink and Avalanche have failed to participate fully in this week's move higher.

Chainlink gained only 1.4%, while Avalanche gained 4.5%.

Among the 189 members of the Broad Market Coin Desk Market Index, Pepe continued its rise.

Pepe is up more than 6x over the

past month. Stay tuned. After the break, we'll hear from Greg Magadini, Director of Derivatives at Amber Data.

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Welcome back. Greg Magadini writes. We've seen a massive return on the CoinDesk market index year over year of nearly 300%. But this shouldn't scare investors away from the crypto market, who may be fearing a market

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