2 years ago
In its recently launched Fortune Crypto 40 benchmark, the media steadfast ranked the apical 5 firms successful the crypto abstraction successful each of the 8 categories.
The categories see centralized concern (CeFi), accepted concern (TradFi), Venture Capital, Non-fungible tokens (NFTs), Data, Infrastructure, decentralized concern (DeFi), and Protocols.
To find the apical 40 firms, Fortune utilized assorted empirical metrics on with surveys of implicit 200 fiscal executives conducted by Researchscape. Fortune claims the results are “impartial and rigorous.”
The apical 40 crypto firms by category
The benchmark ranked the Ethereum Foundation arsenic the apical protocol, followed by Bitcoin. Polygon Labs, which develops Ethereum scaling solutions, and Solana Foundation, the non-profit liable for processing the Solana ecosystem, ranked 3rd and fourth, respectively. Offchain Labs, the steadfast down Ethereum scaling solutions supplier Arbitrum, secured the 5th presumption successful the Protocols category.
Coinbase topped the CeFi category, followed by Binance and Kraken. Mike Novogratz-led Galaxy Digital and USD Coin (USDC) stablecoin issuer Circle grabbed the 4th and 5th positions successful the benchmark.
PayPal’s integration with MetaMask placed it astatine the apical of the TradFi category, which ranked the apical 5 firms innovating with blockchain technology. Stock trading level Robinhood, which enables crypto trading, came successful second, followed by JP Morgan Chase, which launched its ain blockchain Onyx.
Fidelity, which received flak for allowing pensioners to invest portion of their status funds successful Bitcoin, ranked fourth, portion Visa secured the 5th position.
Polychain Capital ranked archetypal successful the VC category, followed by Animoca Brands and Andreessen Horowitz. The past 2 spots successful the class went to Pantera Capital and Blockchain Capital.
As the largest NFT marketplace, OpenSea secured the apical presumption successful the NFT category. Yuga Labs, which launched immoderate of the apical NFT collections, including Bored Ape Yacht Club and Mutant Ape Yacht Club, ranked second.
Sky Mavis, creator of the fashionable NFT crippled Axie Infinity, and generative creation NFT level Art Blocks ranked 3rd and fourth, respectively. RTFKT, which Nike acquired successful 2021, is the 5th NFT steadfast successful the benchmark.
In the information category, Chainalysis ranked first, followed by Coin Metrics and The Graph. Dune and Messari secured the 2 different spots.
The Fortune benchmark besides included crypto firms that connection infrastructure for the industry. Non-custodial wallet supplier Ledger topped the category. Bitcoin mining elephantine Genesis Digital Assets, not to beryllium confused with the Digital Currency Group lender that filed for bankruptcy, secured the 2nd spot.
Bitcoin mining spot developer Bitmain ranked third, followed by Alchemy, which provides plug-and-play tools to physique products and services connected blockchains. Crypto outgo solution MoonPay ranked 5th successful the infrastructure category.
DeFi is each astir Ethereum
Fortune listed Uniswap Labs, Lido, MakerDAO, Aave, and Curve arsenic the apical 5 contenders successful the DeFi category. It is worthy noting that each the DeFi applications are built connected Ethereum.
In fact, according to DefiLlama data, these are the apical 5 DeFi applications successful presumption of full worth locked (TVL). The 5 DeFi applications person implicit $31 cardinal successful TVL astatine the clip of writing, arsenic per DefiLlama.
Furthermore, the Fortune benchmark includes a precocious fig of Ethereum-based applications, not to notation that 2 retired of the 5 apical protocols are Ethereum scaling services.
But the absorption connected Ethereum whitethorn person been a effect of the information that Ethereum controls astir 70% of each DeFi activity.
The station Fortune Crypto 40 selects Ethereum arsenic apical protocol, Bitcoin ranks second appeared archetypal connected CryptoSlate.
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