Stellar (XLM) and Hedera (HBAR) have recorded declines in their market performance, according to the latest update from CoinDesk Indices. As of March 11, 2026, XLM has fallen by 1.6%, while HBAR has decreased by 1.8%.
The CoinDesk 20 Index, which tracks the performance of various cryptocurrencies, is currently valued at 1980.55, reflecting a decrease of 0.6% since 4 p.m. ET on Tuesday. Despite the overall decline, eight of the twenty assets included in the index are trading higher.
Among the top performers, Internet Computer Protocol (ICP) has seen a notable increase of 11.9%, while Polkadot (DOT) has risen by 2.2%. Conversely, both Stellar and Hedera are positioned as underperformers in this trading session.
The CoinDesk 20 Index serves as a comprehensive measure of cryptocurrency performance across multiple platforms and regions worldwide, providing insights into market trends and shifts.
In related news, CoinDesk Research has examined how Pudgy Penguins is transforming the traditional toy market through a hybrid physical-digital model. With over two million units sold, the company is leveraging global partnerships and events to expand its reach.
- Disrupting a Stagnant Market: Pudgy Penguins adopts a ‘Negative Customer Acquisition Cost’ model, positioning physical merchandise as a means of profitable user acquisition rather than merely a final product.
Stellar and Hedera have reported declines in their market performance, while the CoinDesk 20 Index shows mixed results with notable gains from ICP and DOT. The index continues to reflect broader trends in the cryptocurrency market.