iEthereum Digital Commodity Index — May 2024 Report



Monthly research report documenting observed structural and activity characteristics of iEthereum as a digital commodity.

Scope & Coverage


This report documents observed conditions across the following domains:

  • Market capitalization and price behavior

  • Supply distribution and holder concentration

  • Transfer activity and token velocity

  • Wallet participation and usage patterns

  • Liquidity structure and access conditions

  • Implied valuation frameworks and comparative valuation lenses

  • Structural risk and market-access constraints

  • Observed adoption stage and participation characteristics


All observations are measured using consistent definitions applied across the index.


Methodological Framing


Measurements presented in this report are derived from publicly observable data and evaluated within a commodity-first analytical framework.

The iEthereum Digital Commodity Index applies stable definitions prospectively and does not retroactively restate previously published data. Methodological refinements, when required, are disclosed and applied going forward only.

For additional context on measurement scope, definitions, and governance principles, refer to the Methodology & Doctrine.


Licensed Research Access


The full iEthereum Digital Commodity Index — January 2026 Report is available to licensed institutions.

Licensed access includes the complete report content, historical archive materials, and supporting methodological documentation. Access is provisioned for internal organizational use only.

→ Request Institutional Access

→ Access Licensed Research


Citation & Record


This report is preserved as part of the official iEthereum Digital Commodity Index archive and should be referenced by reporting period when cited.



This report is provided for research and informational purposes only and does not constitute investment, legal, or financial advice.