Fortune debuts ‘Crypto 40,’ Ethereum takes top honors for protocol category

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The Fortune Crypto 40 highlights cryptocurrency organizations crossed 8 antithetic categories with dense accent connected older, established companies.

Fortune debuts ‘Crypto 40,’ Ethereum takes apical  honors for protocol class

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In what it’s calling an manufacture first, Fortune released the ‘Fortune Crypto 40’ connected April 10. This analysis-based database highlights 5 cryptocurrency companies successful each of 8 categories and relies connected a operation of investigation and enforcement polling to find the winners.

Congratulations to the Fortune Crypto 40 winners — a database of the champion companies successful crypto based connected information and estimation successful 8 categories.

The database is the archetypal of its benignant and recognizes crypto firms (and DAOs) built to past .https://t.co/e8WTwcZY9Y

— Jeff Roberts (@jeffjohnroberts) April 10, 2023

Per an nonfiction announcing the index, Fortune claims the Crypto 40 is simply a “definitive database of the astir important crypto companies.” An accompanying nexus describing the methodology goes connected to authorities that the Crypto 40 was designed to item the organizations and their exertion — arsenic opposed to the popularity of the individuals and teams driving them.

“Currently, determination are nary specified rankings for the crypto industry,” writes the Fortune staff, “While determination are plentifulness of lists, astir each of them bespeak the subjective penchant of a fistful of editors, and astir absorption connected personalities alternatively than companies.”

The Fortune Crypto 40 is divided into 8 chiseled categories: TradFi, CeFi, NFTs, task capital, information and analytics companies, infrastructure firms, blockchain protocol firms and DeFi.

While the accustomed suspects are each there, with Coinbase, Binance, and Kraken taking apical spots successful CeFi, PayPal starring TradFi, and OpenSea claiming fig 1 successful the NFT rankings, determination are besides immoderate surprises among the list.

Surprisingly, Bitcoin (BTC) took a backseat to Ethereum (ETH) successful the protocol rankings with Polygon (MATIC) edging retired Solana (SOL) for 3rd place. Elsewhere, Bitmain took 3rd successful the infrastructure contention down Ledger and Genesis Digital Assets taking archetypal and second, respectively.

The blockchain protocol firms class wasn’t the lone triumph for Ethereum, arsenic each 5 of the winners successful the DeFi category are companies whose exertion runs connected the Ethereum blockchain: Uniswap Labs, Lido, MakerDAO, Aave, and Curve.

Related: The Cointelegraph 100

While it’s wide that the biggest, astir palmy companies instrumentality up the bulk of the list, Fortune says it’ll wage much attraction to upstart crypto companies successful consequent editions arsenic they “disrupt and drawback the crowns of complacent incumbents.”

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