Measurement principles, scope, and governance framework supporting the iEthereum Digital Commodity Index.
The methodology of the iEthereum Digital Commodity Index (DCI) exists to ensure consistency, neutrality, and analytical continuity across time.
Rather than optimizing for completeness or prediction, the DCI methodology is designed to preserve a stable measurement framework so that changes in structure, activity, and distribution can be observed without distortion from shifting definitions or retrospective adjustments.
This page outlines the doctrinal principles governing how the index is constructed, maintained, and evolved.
The DCI measures observable on-chain and market-level characteristics of iEthereum as a fixed-supply digital commodity.
Measurement scope includes, but is not limited to:
Supply distribution and holder concentration
Wallet participation and activity
Transfer frequency and velocity
Market capitalization and price behavior
Liquidity structure and access conditions
Longitudinal changes in dispersion and usage
Measurements are derived from publicly observable data and are applied consistently across reporting periods.
The DCI treats iEthereum as a digital commodity, not as a protocol equity or governance token. As such:
Metrics are interpreted using commodity and monetary frameworks
Issuance, yield, and governance-based models are not applied
Network activity is evaluated as usage behavior, not revenue generation
A protocol roadmap or governance framework
A promotional or marketing publication
This framing avoids equity-style assumptions that are incompatible with fixed-supply, non-yielding digital commodities.
To distinguish between economic ownership and market accessibility, the DCI applies multiple analytical lenses to wallet and supply data.
These lenses may include:
Inclusive views, reflecting total observable distribution
Ex-exchange views, excluding identified exchange-controlled wallets
Custodial context, where relevant, to distinguish access from ownership
No single lens is treated as definitive. Instead, multiple views are preserved to allow structural interpretation without collapsing nuance.
The DCI adheres to a strict continuity doctrine:
Published reports are never retroactively restated
Methodological refinements are applied prospectively only
Historical values remain valid within the context in which they were published
Changes to definitions or calculations are documented and disclosed
This approach preserves the integrity of the longitudinal record and prevents artificial smoothing or revisionism.
While stability is prioritized, methodological evolution is sometimes necessary to improve accuracy or clarity.
When refinements occur:
Changes are implemented going forward only
Prior reports are left unchanged
Disclosures are recorded in methodology documentation
Cross-period comparisons do not span methodology boundaries unless explicitly stated
This ensures transparency without undermining continuity.
This page intentionally does not include:
Full formulas or calculation code
API endpoints or raw datasets
Exhaustive statistical definitions
Interpretive conclusions or forecasts
Detailed technical specifications are provided exclusively within licensed research materials and supporting documentation.
Licensed institutions receive access to expanded methodological documentation, including:
Detailed metric definitions
Calculation procedures
Scope clarifications and exclusions
Teacher’s Guide and interpretive notes
These materials are provided to support internal review, audit, and replication.
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Methodological descriptions are provided for transparency and do not constitute investment, legal, or financial advice.