Fortune Publishes ‘Crypto 40’: Ethereum Tops Protocol Category11. April 2023
• Fortune debuts ‘Crypto 40’: an industry first that highlights five cryptocurrency companies in each of eight categories.
• The list relies on analysis, executive polling and focuses on technology rather than the people driving it.
• The eight categories are TradFi, CeFi, NFTs, Venture Capital, Data and Analytics Companies, Infrastructure Firms, Blockchain Protocol Firms and DeFi.
Fortune Crypto 40
Fortune released the “Fortune Crypto 40” on April 10th as an industry first. The list is designed to highlight cryptocurrency organizations across eight different categories with a heavy emphasis on older and established companies. It is based off of analysis and executive polling with a focus on technology rather than the individuals driving it.
The Fortune Crypto 40 is divided into eight distinct categories: TradFi, CeFi, NFTs, Venture Capital, Data and Analytics Companies, Infrastructure Firms, Blockchain Protocol Firms and DeFi. Each category highlights five cryptocurrency companies for evaluation purposes.
According to Fortune’s article announcing the index, this list is a “definitive list of the most important crypto companies”. The methodology behind constructing this list relied heavily on data-driven analysis combined with executive polling in order to determine which organizations belonged in each respective category.
Some of the usual suspects such as Coinbase Binance and Kraken were all listed as winners in their respective categories but there were also some up-and-coming projects that made it onto the list too such as Ethereum taking top honors for protocol category .
This index serves as an important landmark for measuring progress within the space by recognizing those firms who have done well so far and making predictions about which projects will continue to be successful moving forward.