a16z Crypto has unveiled its new “State of Crypto” index, which paints a more optimistic picture of emerging markets than most price charts.

The index takes into account several so-called adoption and innovation parameters, including the number of active developers, mentions of cryptocurrencies in academic research, and trading volume on decentralized trading venues, and does not include negative data points such as bankruptcies, hacks, or regulatory enforcement actions. (The Block)