Known for the Fortune 500, a list that brings together the 500 largest companies in the US, Fortune launched a new edition focused on the cryptocurrency sector this Monday (10).
Phone call Fortune crypto 40the list is divided into eight categories: Centralized Finance (CeFi), Traditional Finance (TradFi), Venture capital (VC), Non-fungible Tokens (NFTs), Facts, Infrastructure, Decentralized Finance (DeFi) and finally, Protocols.
Ethereum appears at the top of Fortune Crypto 40, replacing Bitcoin
As a highlight, the biggest surprise is that Ethereum ranks first in the Protocols category, ahead of Bitcoin, which comes in second.
“Ethereum is by far the busiest blockchain thanks to its tight-knit community eager to embrace innovation of all kinds.”
On Bitcoin, Fortune points out that the project “is king of them all when it comes to market cap and brand awareness”but lacks functionality and features found in other projects.
Following the list, Polygon Labsresponsible for Polygon (MATIC) appears in the 3rd position. Solana Foundationresponsible for Solana (SOL) in the 4th and Offchain labsresponsible for the Arbitrum (ARB) in the fifth and final classification.
Binance lags behind Coinbase on Fortune List
Just as Bitcoin was dethroned by Ethereum, Binance’s market dominance was also not enough to leave it at the top spot in the Centralized Finance (CeFi) category, losing to Coinbase.
“The brokerage [Coinbase] calls himself the white knight of cryptocurrencies and industry spokesman against the recent US government crackdown on cryptocurrencies.”
As for Binance, Fortune points out that the Changpeng Zhao exchange is the largest and most important in the world, but it is under intense scrutiny from global regulators.
Finish, creak, Digital Galaxy It is Circle complete the Fortune Crypto 40 CeFi list.
Which methodology does Fortune use?
According to Fortune itself, the magazine created a rigorous methodology in each of the categories evaluated. While he didn’t reveal the full structure for competitive reasons, he highlighted some key points.
For example, the classification of protocols included statistics of “revenue related to protocol, recent volume and activity, and security.”
As for the Centralized Finance (CeFi) sector, Fortune pointed it out “market share, transparency and reputation in the sector” were some of the criteria used.
Other Fortune Crypto 40 Categories
finally, the Open sea leads the ranking of NFTs. Already PayPal appears in the first position of TradFi, beating giants like JPMorgan, Fidelity and Visa.
While the Chain analysis appears at the top of the Data category, Polychain capital leads the ranks of venture capital firms (VCs), beating names such as Animoca Brands, Andreessen Horowirtz (a16z) and Pantera Capital.
Uniswap labs is the first in Decentralized Finance (DeFi), followed by Lido and MakerDAO. Already the ledger is the pinnacle of the infrastructure sector, followed by Genesis Digital Assets and Bitmain. The full list can be found on the Fortune website.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.