The MarketVector Token Terminal Fundamental Index, which tracks large liquid crypto assets using on-chain fee and active-user data, grew by 29% over the last month. This growth was driven by strong performances from Solana, BNB Chain, Hyperliquid, Uniswap, and TRON.
The index uses a monthly rebalance and weights assets based on fundamental on-chain data rather than market capitalization. This approach emphasizes the importance of network activity and user engagement in determining the value of crypto assets.
The rise in fundamentals-based indices is influencing market sentiment regarding Ethereum's future price. While the influence is indirect and speculative, some participants view the positive movement as supportive of scenarios where Ethereum's price increases by the end of 2026.