Fortune has released its first-ever “Crypto 40” list, which highlights five cryptocurrency companies across eight categories. The categories include Blockchain Protocol Firms, DeFi, NFTs, Infrastructure Firms, TradFi, CeFi, Data and Analytics Companies, and Venture Capital. The rankings combine both analysis and executive polling to determine the winners.
While the list includes the usual industry heavyweights, such as Coinbase and Binance, there are some surprises, such as Ethereum edging out Bitcoin in the protocol rankings and Bitmain coming third in the infrastructure race. The DeFi category was dominated by Ethereum-based firms, with Uniswap Labs, Lido, MakerDAO, Aave, and Curve taking the top five spots.