Research Article

Dynamic Connectedness of Major Digital Currencies: A Time-Varying Approach

Table 3

The connectedness of selected digital currencies (each digital currency’s directional and net connectedness are shown in this table; the average connectedness of this digital currency to other digital currencies is shown by “contribution to others”; “from others” denotes the average connectedness of this digital currency from other digital currencies, and “net directional connectedness” is obtained by the former value minus the latter value).

BTC ETH BNB XRPFrom others

BTC39.626.216.917.360.4
ETH25.137.717.120.262.3
BNB19.319.946.114.753.9
XRP18.623.014.444.056.0
Contribution to others63.069.148.452.1232.6
Net directional connectedness2.66.8−5.5−3.9