In its newly launched Fortune Crypto 40 benchmark, the media firm ranked the highest 5 crypto firms in every of eight classes.
Classes embody centralized finance (CeFi), conventional finance (TradFi), enterprise capital, non-fungible tokens (NFT), knowledge, infrastructure, decentralized finance (DeFi) and protocols.
To seek out the highest 40 firms, Fortune used quite a lot of empirical metrics and Researchscape’s surveys of greater than 200 CFOs. Fortune says the outcomes are “unbiased and rigorous.”
High 40 Cryptocurrency Firms by Class
In accordance with the benchmark, the Ethereum Basis was acknowledged as one of the best protocol, adopted by Bitcoin. Polygon Labs, which develops Ethereum scaling options, and Solana Basis, a non-profit group chargeable for the event of the Solana ecosystem, ranked third and fourth, respectively. Offchain Labs, an organization of Ethereum scaling answer supplier Arbitrum, took fifth place within the protocol class.
Coinbase led the CeFi class, adopted by Binance and Kraken. Mike Novogratz-led Galaxy Digital and USD Coin (USDC) stablecoin issuer Circle took the fourth and fifth positions within the benchmark.
PayPal’s integration with MetaMask took the highest spot in TradFi’s prime 5 firms implementing blockchain know-how. Robinhood, a inventory buying and selling platform that allows cryptocurrency buying and selling, got here in second, adopted by JP Morgan Chase, which launched its personal blockchain, Onyx.
Constancy, which acquired a rating for permitting retirees to speculate a portion of their retirement funds in Bitcoin, took fourth place, whereas Visa secured the fifth place.
Polychain Capital took first place within the VC class, adopted by Animoca Manufacturers and Andreessen Horowitz. The final two locations within the class went to Pantera Capital and Blockchain Capital.
As the biggest NFT market, OpenSea has secured the highest place within the NFT class. Yuga Labs, which has launched a few of the greatest NFT collections, together with Bored Ape Yacht Membership and Mutant Ape Yacht Membership, got here in second.
Sky Mavis, creator of the favored NFT recreation Axie Infinity, and generative artwork NFT platform Artwork Blocks took third and fourth place respectively. RTFKT, which was acquired by Nike in 2021, is the fifth NFT firm on the benchmark.
Within the knowledge class, Chainalysis took first place, adopted by Coin Metrics and The Graph. The opposite two locations have been secured by Dune and Messari.
Fortune’s benchmark additionally included cryptocurrency firms that supply infrastructure to the business. Captive pockets supplier Ledger took the highest spot. Second place went to Bitcoin mining large Genesis Digital Belongings, to not be confused with lender Digital Foreign money Group, which filed for chapter.
Bitcoin mining chip maker Bitmain got here in third, adopted by Alchemy, which gives plug-and-play instruments for constructing services and products on blockchains. Crypto fee answer MoonPay took fifth place within the infrastructure class.
DeFi is about Ethereum
Fortune listed Uniswap Labs, Lido, MakerDAO, Aave and Curve as the highest 5 contenders within the DeFi class. It’s price noting that every one DeFi functions are constructed on Ethereum.
In truth, based on DefiLlama, these are the highest 5 DeFi apps by Complete Worth Blocked (TVL). In accordance with DefiLlama, the TVL of the 5 DeFi apps is over $31 billion on the time of writing.
Moreover, Fortune’s benchmark consists of many Ethereum-based functions, to not point out that two of the highest 5 protocols are Ethereum scaling companies.
Nonetheless, the concentrate on Ethereum might have been resulting from the truth that Ethereum controls practically 70% of all DeFi exercise.
