Dogecoin missing from CME index, Chainlink is in

Dogecoin costs $0.0848 on Tuesday afternoon. Market capitalisation stands at $13.2 billion, roughly a third above that of Chainlink, which sits at $9.97 billion on the same day. Even so, the emerging index launched at the end of August by CME Group and CF Benchmarks lists Chainlink as a member and Dogecoin not. The reason is not in the price but in the rulebook: the index excludes memecoins and additionally measures how much value sits in the applications on a blockchain. On that second yardstick Dogecoin fails, and that explains more about the coming months than any single day's move.

The CME index takes ten coins, and Dogecoin is not one of them

CME Group and CF Benchmarks launched two benchmarks on August 31, 2026. One, the CME CF Crypto Market Index, covers twelve assets including Bitcoin and Ethereum. The other, the CME CF Emerging Crypto Index, leaves out the two large ones and bundles ten assets: BNB, XRP, Solana, Hyperliquid, Chainlink, Stellar, Sui, Uniswap, Avalanche and Aave. The indicative weights from the CF Benchmarks study of August 13 put BNB at 32.0 percent, XRP at 27.6 percent, Solana at 18.5 percent and Hyperliquid at 14.6 percent. For the remaining six assets, Chainlink included, 7.3 percent is left in total. Weighting follows free-float market capitalisation, with a review every six months on the first business day in June and December.