In what calls an industry first, Fortune released the “Fortune Crypto 40” on April 10. This analytics-based list highlights five cryptocurrency companies in each of eight categories and relies on a combination of analytics and executive surveys to determine the winners.
Congratulations to the winners of the Fortune Crypto 40 – a list of the best companies in crypto based on data and reputation in eight categories.
The list is the first of its kind and recognizes crypto companies (and DAOs) built to last.https://t.co/e8WTwcZY9Y
—Jeff Roberts (@jeffjohnroberts) April 10, 2023
According to an article announcing the index, Fortune claims the Crypto 40 is a “definitive list of the top crypto companies.” An attached link outlining the methodology goes on to state that Crypto 40 was designed to highlight organizations and their technology, as opposed to the popularity of the people and teams that power them.
“There are currently no such rankings for the crypto industry,” the Fortune staff write, “while there are many lists, nearly all reflect the subjective preference of a handful of publishers, with most focusing on personalities in business place. ”
Fortune Crypto 40 is divided into eight distinct categories: TradFi, CeFi, NFT, Venture Capital, Data & Analytics Firms, Infrastructure Firms, Blockchain Protocol Firms, and DeFi.
While the usual suspects are all there, with Coinbase, Binance, and Kraken taking the top spots in CeFi, PayPal leading TradFi, and OpenSea claiming number one in the NFT rankings, there are a few surprises on the list as well.
Surprisingly, Bitcoin trailed second to Ethereum in the protocol rankings, with Polygon overtaking Solana for third place. Elsewhere, Bitmain ranked third in the infrastructure race, with Ledger and Genesis Digital Assets taking first and second place, respectively.
The blockchain protocol companies category was not the only win for Ethereum, as the five winners in the DeFi category are companies whose technology runs on the Ethereum blockchain: Uniswap Labs, Lido, MakerDAO, Aave and Curve.
Related: Cointelegraph 100
While it’s clear that the biggest and most successful companies take up the lion’s share of the list, Fortune said it would pay more attention to crypto startups in later editions as they “disrupt and take crowns from complacent headlines.” .
