Indigo enables users to mint synthetic assets (iAssets) by depositing ADA as collateral into CDPs, earning stability fees from borrowers.

Indigo Protocol is a decentralized synthetic asset platform on Cardano that allows users to create and trade iAssets — synthetic tokens tracking the price of real-world assets like USD, BTC, and ETH.

Indigo is governed by INDY token holders through decentralized on-chain governance on Cardano.

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Real-world asset (RWA) issuers

Indigo

# Circulating market cap Methodology

## Overview

Circulating market cap measures the project’s valuation based on the number of tokens that are currently transferable and tradeable. It is calculated by multiplying the token price with the circulating supply.

Project valuation based on token price times circulating supply.

IndigoINDY

Circulating market cap

Circulating market cap

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