The CoinDesk DACS Computing sector contains protocols focused on building and supporting the infrastructure of Web3 and distributed computing. This sector aims to decentralize web services such as cloud computing, storage, networking, and databases, which reduces centralized points of failure and increases security and privacy measures. The sector currently represents 1.7% of the digital asset market worth approximately $29.9 billion in market capitalization as of April 30, 2022. The five main industry groups under this sector include Shared Storage, Oracle, IoT, Private Computing, and Shared Network. These industry groups consist of projects that gather, transmit, store, and share data and web services in a decentralized manner. The largest industry group within this sector is Shared Storage, followed closely by Oracle and IoT, while Private Computing and Shared Network are smaller but still significant. Major assets in this sector include Chainlink (LINK), representing 17.2% of the sector market cap, and Filecoin (FIL), representing 30.1% of the sector market cap in the Shared Storage industry group. The sector’s growth potential also exists, with additional industries potentially emerging in the future.
Exhibit 1: CoinDesk Indices DACS
Exhibit 2: Computing Sector Breakdown by Industry Group
Exhibit 3: Industry Groups Under Computing Sector
(CoinDesk Indices, May 13, 2022. Market capitalization data is based on 4/30/2022.)
Exhibit 4: Top 10 Assets Inside the DACS Computing Sector
(CoinDesk Indices, May 13, 2022. Market capitalization data is based on 4/30/2022.)
Overall, the Computing sector represents an innovative approach to building and supporting the infrastructure of Web3 and distributed computing, which has the potential to disrupt current web service providers and significantly enhance security and privacy measures in comparison to centralized databases. As the sector continues to grow, further expansion and diversification into additional industries may occur.
References:
1. Filecoin (FIL): https://filecoin.io/
2. Chainlink (LINK): https://chain.link/
3. Helium (HNT): https://helium.com/en/home/
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