Blockchain Ecosystem Correlation Matrix | Sharpe Terminal

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Pearson correlation of daily returns between blockchain ecosystems over the trailing month. 1.00 means the two ecosystems moved together, 0.00 means no linear relationship, and negative values mean they moved apart. Showing the 15 largest tracked ecosystems.
Ecosystem	Ethereum	Solana	BNB Chain	Arbitrum	Base	Bitcoin	Avalanche	Optimism	Cosmos	Polkadot	Sui	Aptos	Toncoin	Tron	Cardano
Ethereum	1.00	0.97	0.97	0.89	0.85	0.50	0.89	0.86	0.91	0.73	0.74	0.88	0.91	0.89	0.67
Solana	0.97	1.00	0.94	0.82	0.77	0.57	0.82	0.79	0.87	0.76	0.79	0.80	0.85	0.81	0.74
BNB Chain	0.97	0.94	1.00	0.94	0.91	0.35	0.94	0.92	0.91	0.69	0.71	0.92	0.94	0.94	0.56
Arbitrum	0.89	0.82	0.94	1.00	0.97	0.08	1.00	0.99	0.90	0.53	0.52	0.97	0.95	0.99	0.34
Base	0.85	0.77	0.91	0.97	1.00	0.07	0.97	0.98	0.85	0.44	0.48	0.94	0.92	0.96	0.28
Bitcoin	0.50	0.57	0.35	0.08	0.07	1.00	0.08	0.04	0.31	0.55	0.67	0.10	0.19	0.09	0.78
Avalanche	0.89	0.82	0.94	1.00	0.97	0.08	1.00	0.99	0.89	0.52	0.51	0.97	0.95	1.00	0.33
Optimism	0.86	0.79	0.92	0.99	0.98	0.04	0.99	1.00	0.88	0.48	0.48	0.97	0.94	0.99	0.28
Cosmos	0.91	0.87	0.91	0.90	0.85	0.31	0.89	0.88	1.00	0.72	0.69	0.92	0.91	0.89	0.54
Polkadot	0.73	0.76	0.69	0.53	0.44	0.55	0.52	0.48	0.72	1.00	0.76	0.57	0.63	0.51	0.76
Sui	0.74	0.79	0.71	0.52	0.48	0.67	0.51	0.48	0.69	0.76	1.00	0.59	0.60	0.50	0.78
Aptos	0.88	0.80	0.92	0.97	0.94	0.10	0.97	0.97	0.92	0.57	0.59	1.00	0.92	0.96	0.37
Toncoin	0.91	0.85	0.94	0.95	0.92	0.19	0.95	0.94	0.91	0.63	0.60	0.92	1.00	0.94	0.43
Tron	0.89	0.81	0.94	0.99	0.96	0.09	1.00	0.99	0.89	0.51	0.50	0.96	0.94	1.00	0.32
Cardano	0.67	0.74	0.56	0.34	0.28	0.78	0.33	0.28	0.54	0.76	0.78	0.37	0.43	0.32	1.00

Data last updated 2026-10-11 02:21 UTC

Correlations