The media firm has ranked the top 5 firms in the crypto space across eight categories in its newly launched ‘Fortune Crypto 40’ benchmark. Ethereum (ETH) was the primary focus in the classification listing the top companies.
The best protocol according to Fortune is Ethereum (ETH), Bitcoin is in second place
Categories included centralized finance (CeFi), traditional finance (TradFi), Venture Capital, NFTs, Data, Infrastructure, decentralized finance (DeFi), and Protocols.
To find the top 40 firms, Fortune used a variety of empirical metrics, along with surveys of more than 200 finance executives conducted by Researchscape. Fortune claims the results are “impartial and meticulous.” Details are as follows…
Top 40 crypto companies by category
Forbes’ quality test ranked Ethereum as the best protocol, with Bitcoin in second place. Polygon Labs, which develops Ethereum scaling solutions, and Solana Foundation, the nonprofit responsible for developing the Solana ecosystem, ranked third and fourth, respectively. Offchain Labs, the firm behind Ethereum scaling solutions provider Arbitrum, ranked fifth in the Protocols category.
Coinbase came first in the CeFi category, followed by Binance and Kraken. Galaxy Digital and USD Coin (USDC) stablecoin issuer Circle, led by Mike Novogratz, took fourth and fifth places in the benchmark.
PayPal’s integration with MetaMask has placed it at the top of the TradFi category, which ranks the top 5 firms to innovate with Blockchain technology. Robinhood, the stock trading platform that enables crypto trading, came in second, followed by JP Morgan Chase, which started Onyx.
Criticized for allowing retirees to invest some of their retirement funds in Bitcoin, Fidelity took fourth and Visa fifth. Polychain Capital came first in the VC category, followed by Animoca Brands and Andreessen Horowitz. The last two places in the category went to Pantera Capital and Blockchain Capital.
NFT companies
OpenSea, the largest NFT marketplace, took the top spot in the NFT category. Yuga Labs, which has launched some of the best NFT collections like Bored Ape Yacht Club and Mutant Ape Yacht Club, took second place.
Sky Mavis, creator of the popular NFT game Axie Infinity, and prolific art NFT platform Art Blocks finished third and fourth, respectively. RTFKT, which Nike acquired in 2021, is the fifth NFT firm in the benchmark.
Chainalysis ranked first in the data category, followed by Coin Metrics and The Graph. Dune and Messari secured the other two spots.
Infrastructure companies
The Fortune benchmark also included crypto firms offering infrastructure for the industry. Non-custodial wallet provider Ledger was at the top of the category. Bitcoin mining giant Genesis Digital Assets, not to be confused with the Digital Currency Group credit institution that filed for bankruptcy, took second place.
Bitcoin mining chip developer Bitmain came in third, followed by Alchemy, which provides plug-and-play tools for building products and services on the Blockchain. Crypto payment solution MoonPay ranked fifth in the infrastructure category.
Meanwhile, Jeff John Roberts, a Fortune editor, cryptocoin.com He gave place to Ripple in an article titled ‘altcoin that will be successful’.
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