Fortune has recently conducted a cryptocurrency benchmark, analyzing over 200 financial executives using various empirical metrics. The media firm has named their new benchmark as Fortune Crypto 40 and listed the top 5 firms in 8 broad categories. Ethereum Foundation is chosen as the top protocol, with Bitcoin ranking second.

In the top 5 centralized finance (CeFi) firms, Coinbase is at the top, followed by Binance and Kraken. Next is the traditional finance (TradFi) firms' rankings with PayPal's integration with MetaMask securing the first spot and stock trading platform Robinhood having the second position. JP Morgan Chase, which launched its own blockchain Onyx, held the third place with Fidelity, allowing pensioners to invest part of their retirement funds in Bitcoin, having the fourth rank and Visa, rank five.

Polychain Capital topped the Venture Capital (VC) category, with Animoca Brands and Andreessen Horowitz the second and the third respectively. The last two spots in the benchmark went to Pantera Capital and Blockchain Capital. OpenSea, the largest Non-fungible tokens (NFTs) marketplace, is the first rank holder in this category while Sky Mavis, Yuga Labs, RTFKT and Art Blocks secured the second, third, fourth and fifth places respectively.

Chainalysis, Coin Metrics and The Graph have the most value in the Data category. The fourth and fifth spots of this category went to Dune and Messari. Regarding Infrastructure, Non-custodial wallet provider Ledger was given the first rank, bitcoin mining giant Genesis Digital Assets secured the second position, Bitmain had the third and Alchemy and MoonPay getting the fourth and fifth places respectively.

The DeFi (decentralized finance) category includes Uniswap Labs, Lido, MakerDAO, Aave, and Curve as the top five contenders. All the recommended DeFi applications are built on Ethereum and the top five occupies more than $31 billion of the total value locked of Defi.

Therefore, it is clear that Ethereum is a major focus in the Fortune Crypto 40, not just as a top-ranking protocol, but also due to its control of 70% of the DeFi activity. It is possible to say that the benchmark result is both reliable and impartial due to the empirical metrics and the surveys of financial executives conducted by Researchscape.



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