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(Fast Company) — Today, MTV launches its Music Meter, a new artist ranking service aimed at upending traditional music charts. Rather than simply track CD sales (who buys those anymore?) and radio airplay, Music Meter ranks the top 100 artists bubbling up on a variety of non-traditional platforms.  By tracking an artist’s social media buzz (tweets, blog posts, articles) and streams (YouTube, Vevo) in addition to purchase data, MTV’s chart shows a more real-time portrait of up-and-coming artists. It will refresh daily. The chart is based on velocity rather than absolute popularity, so it will only show artists who are rising quickly–not those who are sitting in the No. 1 spot.

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