Happy Friday, everyone. I'm Jensenassie, and you're listening to Market Series from Coin Desk. On today's show, we are passing it over to Coin Desk Indeces for some weekly market insights.

This is Coin Desk Indices, and here's our Coin Desk Markets Week in review from the weekending October 25th, 2024, with data from the 4 p.m. New York close on Wednesday,

October 23rd. And stick around. We'll have additional analysis from Miguel Kudry,

CEO and co-founder of L1.co. After a choppy week in crypto markets, the CoinDesk 20 index closed

Wednesday down less than 1%. The aggregate index had risen more than 6% heading

into this weekend to reach a high of 2,148 on Sunday, as betting markets began to price in a higher

probability of a Republican victory in the U.S. elections, which is broadly regarded as positive

for crypto's regulatory environment. However, in the days followingS. elections, which is broadly regarded as positive for crypto's regulatory environment.

However, in the days following, the index subsequently dropped back down to nearly 2,000,

approximately where it was this time last week, and then rebounded again.

This rebound coincided with the release of the Federal Reserve's beige book,

a survey of economic conditions

in the U.S., which suggested muted economic activity and a higher likelihood of more

aggressive rate cuts. Based on Wednesday's close, 16 of the 20 index members are trading

at levels lower than the same time last week. Solana is a clear leader, which you'll hear more

about from our guest

commentator coming up, and near and render are The Laggards. This was brought to you by Tracy Stevens

from Coin Desk Indeces. Now, here is market analysis from Miguel Kudri, CEO, and co-founder of

L1.co. Today we're diving into two polar opposite narratives

unfolding in the world of layer one blockchains

and how they're reflected in market performance.

Leading the way on the Coin Desk 20 index this week

...