Fortune Crypto 40 selects Ethereum as top protocol, Bitcoin ranks second
In its newly launched Fortune Crypto 40 benchmark, the media agency ranked the highest 5 corporations within the crypto house in every of the eight classes.
The classes embrace centralized finance (CeFi), conventional finance (TradFi), Enterprise Capital, Non-fungible tokens (NFTs), Knowledge, Infrastructure, decentralized finance (DeFi), and Protocols.
To seek out the highest 40 corporations, Fortune used varied empirical metrics together with surveys of over 200 monetary executives carried out by Researchscape. Fortune claims the outcomes are “neutral and rigorous.”
The highest 40 crypto corporations by class
The benchmark ranked the Ethereum Basis as the highest protocol, adopted by Bitcoin. Polygon Labs, which develops Ethereum scaling options, and Solana Basis, the non-profit chargeable for creating the Solana ecosystem, ranked third and fourth, respectively. Offchain Labs, the agency behind Ethereum scaling options supplier Arbitrum, secured the fifth place within the Protocols class.
Coinbase topped the CeFi class, adopted by Binance and Kraken. Mike Novogratz-led Galaxy Digital and USD Coin (USDC) stablecoin issuer Circle grabbed the fourth and fifth positions within the benchmark.
PayPal’s integration with MetaMask positioned it on the prime of the TradFi class, which ranked the highest 5 corporations innovating with blockchain expertise. Inventory buying and selling platform Robinhood, which permits crypto buying and selling, got here in second, adopted by JP Morgan Chase, which launched its personal blockchain Onyx.
Constancy, which obtained flak for permitting pensioners to speculate a part of their retirement funds in Bitcoin, ranked fourth, whereas Visa secured the fifth place.
Polychain Capital ranked first within the VC class, adopted by Animoca Manufacturers and Andreessen Horowitz. The final two spots within the class went to Pantera Capital and Blockchain Capital.
As the most important NFT market, OpenSea secured the highest place within the NFT class. Yuga Labs, which launched a number of the prime NFT collections, together with Bored Ape Yacht Membership and Mutant Ape Yacht Membership, ranked second.
Sky Mavis, creator of the favored NFT sport Axie Infinity, and generative artwork NFT platform Artwork Blocks ranked third and fourth, respectively. RTFKT, which Nike acquired in 2021, is the fifth NFT agency within the benchmark.
Within the information class, Chainalysis ranked first, adopted by Coin Metrics and The Graph. Dune and Messari secured the 2 different spots.
The Fortune benchmark additionally included crypto corporations that supply infrastructure for the trade. Non-custodial pockets supplier Ledger topped the class. Bitcoin mining big Genesis Digital Belongings, to not be confused with the Digital Forex Group lender that filed for chapter, secured the second spot.
Bitcoin mining chip developer Bitmain ranked third, adopted by Alchemy, which offers plug-and-play instruments to construct services and products on blockchains. Crypto cost resolution MoonPay ranked fifth within the infrastructure class.
DeFi is all 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 the DeFi functions are constructed on Ethereum.
In reality, in accordance with DefiLlama data, these are the highest 5 DeFi functions by way of complete worth locked (TVL). The 5 DeFi functions have over $31 billion in TVL on the time of writing, as per DefiLlama.
Moreover, the Fortune benchmark features a excessive variety of Ethereum-based functions, to not point out that two out of the 5 prime protocols are Ethereum scaling providers.
However the concentrate on Ethereum might have been a results of the truth that Ethereum controls practically 70% of all DeFi exercise.