Fortune Crypto 40 List Announced

Fortune, a global media organization, announced the Crypto 40 list, the crypto version of the Fortune 500.

Fortune Crypto 40 List Announced

Fortune, a global media organization, has been informing users about the financial world and financial companies for years. Known for the impartiality and accuracy of its news, the platform has a flagship product called Fortune 500, which is created every year exclusively for users.

Fortune 500 is a ranking list where the 500 leading companies in the industry are carefully selected each year. This kind of list does not yet exist in the crypto sector. Although there are existing lists, they are all individual lists determined by specific editors. Seeing this gap, the media company decided to create the Crypto 40 list.

Crypto 40

Crypto 40 is a list of the best companies in the crypto industry under eight categories. Each category will consist of 5 companies. The reason for the categorization of the list is that the crypto sector is quite multifaceted. The selections were made by crypto analytics firms selected by the media company.

Selections will be based on criteria set by the company, with a focus on scale and business success. This makes it difficult, but not impossible, for new projects to make this list. The following headings list the categories and their winners.

CeFi

The CeFi category, known as centralized finance, was selected over exchanges and stablecoin providers. Here are the top 5 CeFi companies according to the list:

1. Coinbase
2. Binance
3. Kraken
4. Galaxy Digital
5. Circle

Looking at the list above, many users were surprised to see that Binance, one of the largest centralized cryptocurrency exchanges, lagged behind Coinbase. However, the choices were made based on market share, transparency, and industry reputation.

TradFi

The TradFi category is focused on banks, exchanges, and fintech firms from the world of traditional finance that have done significant work in crypto and blockchain.

1. Paypal
2. Robinhood
3. JPMorgan Chase
4. Fidelity
5. Visa

Trusts and investment firms were excluded from the TradFi category. The selections were made based on the reputation of the companies in the industry as well as their work related to crypto and blockchain. Paypal took first place in this category, while Visa, which has taken steps to facilitate crypto payments, ranked 5th.

Venture Capitals

This category is focused on the most elite investors in the crypto sector. The main criterion for the selection of the Venture Capitals category is that the investment firms have invested in at least 35 crypto companies. Investment firms that do not meet this criterion are not considered in the Venture capital category. Here are the best Venture Capitals according to the top Crypto 40:

1. Polychain Capital
2. Animoca Brands
3. Andreessen Horowitz
4. Pantera Capital
5. Blockchain Capital

Polychain Capital was the best VC selected based on the criteria set. The listed firms are among the most well-known investment firms in the crypto world.

NFTs

NFTs have grown in popularity with the development of crypto and blockchain technology and have now become a sector in the crypto industry. The best in the NFT category are selected among NFT marketplaces and companies that create popular NFT collections. Here are the top names in the NFT category:

1. OpenSea
2. Yuga Labs
3. Sky Mavis
4. Art Blocks
5. RTFKT (Nike)

When it comes to NFT, many people directly think of OpenSea NFT Marketplace. OpenSea, the leader among NFT marketplaces, has maintained its leadership in this category.

Data

This category was selected among companies specializing in blockchain and token research. The main criteria for the category are media reputation, financing, and the number of employees. Here are the best in the Data category:

1. Chainalysis
2. Coin Metrics
3. The Graph
4. Dune
5. Messari

Chainalysis, a blockchain data platform, ranked 1st in the Data category, while The Graph, an Ethereum Foundation-backed indexing protocol, ranked 3rd.

Infrastructure

This category is selected among companies that have made a major contribution to the development of the crypto sector. The criteria were based on a total valuation of more than $400 million. Mining, hardware, and software companies are also included in this category. Here are the best of the Infrastructure category:

1. Ledger
2. Genesis Digital Assets
3. Bitmain
4. Alchemy
5. Moonpay

In 1st place in the infrastructure category is Ledger, a crypto wallet hardware company. Ledger manufactures USB-like portable cold wallet devices. Since its inception, the company has sold more than 6 million devices, enabling millions of people to keep their crypto assets safe.

DeFi

The DeFi category represents decentralized finance firms. To be considered in this category, companies must have a DAO, a total value-locked of at least $200 million, and a monthly revenue of at least $100,000. The best of DeFi are as follows:

1. Uniswap Labs
2. Lido
3. MakerDAO
4. Aave
5. Curve

In 1st place in the DeFi category is Uniswap Labs, creator of the largest decentralized trading and AMM protocol on the Ethereum blockchain.

Protocols

This category is selected from laboratories, foundations, and companies that support the blockchain industry by providing various tools and products. The best in the Protocols category are as follows:

1. Ethereum Foundation
2. Bitcoin
3. Polygon Labs
4. Solana Foundation
5. OffChain Labs (Arbitrum)

In the Protocols category, it is noteworthy that the Ethereum Foundation surpassed Bitcoin, while the Solana Foundation, which was affected by the FTX collapse, ranked 4th.

Reference

www.fortune.com