DefiLlama and Web3 investment bank Forgd said on Aug. 26 that they have launched Universal Token Ratings, or UTR, a rating framework for digital assets built to resemble the systems used by Moody’s and Fitch. The platform currently covers 128 assets and assigns grades ranging from AAA to CCC, with ratings set to update regularly based on real-time market data. On the current dashboard, Uniswap’s UNI is the only asset carrying a AAA rating. A group of tokens rated AA includes Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH). DefiLlama head of research Ryan Celaj said ratings calculated from live market data can help users identify projects in a standardized way. Forgd founder and CEO Shane Molidor said UTR ratings must be continually earned, while newly issued tokens at the Token Generation Event, or TGE, stage will begin with a temporary rating. Bitcoin.com News was cited as the source.

CryptoComLearn forecasts ETH could rise 11.19% to $2,595.12 within five days. Ethereum is trading at $2,374.13, up 15.81% in 30 days and 29.75% year-over-year, while market sentiment remains bullish with neutral fear and greed readings.