The cryptocurrency industry has come a long way since the advent of Bitcoin in 2009, attracting both individual and institutional investors. Notably, there is a growing appeal for digital assets as an investment instrument.
At the center of the crypto industry’s growth are several smaller niche markets, each offering a unique value proposition. For instance, decentralized finance (DeFi) markets focus on providing financial instruments such as loans without relying on intermediaries like brokerages, exchanges, or banks. The billion-dollar NFT market, on the other hand, is helping creators monetize their works and allows anyone to tokenize real-world items on the blockchain.
The growth of these emerging sectors within the crypto industry has contributed to the overall success of the space. However, blockchain and cryptocurrency are still nascent technologies. As a result, it would be limiting to put a cap on their innovative potential. As the industry continues to evolve, it is expected that more compelling applications of the technology will emerge.
But in the meantime, several projects are already pushing the frontiers of development within the space, setting the tone for future innovations. These projects are currently leading the pack in their respective sectors. That being said, we have handpicked the best project in seven selected crypto niches - Crypto Exchange, NFT, DeFi, Decentralized Exchange (DEX), Marketing, Crypto Media, and Youtube channel.
The selection criteria are based on the prominence of the projects and their impact in their respective sectors relative to their direct competitors.
Best Crypto Exchange: BinanceCOIN
Best NFT Project: CryptoPunksEthereum
Best DeFi Project: Aave
Best Decentralized Exchange: Uniswap
Owing to the ascendancy of Uniswap V3, there are even more reasons for traders and liquidity providers to choose decentralized exchanges over centralized counterparties. However, for Uniswap to hold on to the number 1 spot for the long-term, it must contend with the likes of SushiSwap, PancakeSwap, and 1inch Exchange.
Best Marketing Agency: X10 Agency
Best Crypto Media/News Platform: Coindesk
Best Crypto YouTube Channel: Coin Bureau
Final Thought