1500+ encryption projects and the 6 major changes in the encryption market in 2019

Author: Maria Shen, Electric Capital Partner; Compilation: 0xxz@作 作 作 作 作 作 作

Electric Capital is happy to launch a map of the encryption market,cryptomarketMap.org can be zoomed in zoomEssence

The encrypted market map tracks more than 1,500 encrypted projects.It backstage to each major project in encryption by organizing the project into 6 technical layers and 137 categories.

Notice:

This lowered the total number of cryptocurrency projects.This map contains only the main items.The selected standard is at the end of this article.

There are still blank.The map is in the test stage, and everyone can contribute to them.The contribution details are at the end of this article.

Come and Calculating Market Clash

The map of the encrypted project specifies the role played by each major project.The projects from infrastructure to end users are divided into 6 technical layers: A. Core infrastructure; B. Expansion; C. Interoperability; D. Development tools and services; E. Protocol; F. Application.

A. Core infrastructure

This basic layer includes Bitcoin and other 1 -level blockchain projects, which expand the initial design of Bitcoin.

Mining services, hardware manufacturers and other infrastructure levels are included in this layer.

B. Extension

With the increase of the use of Bitcoin, Ethereum and other 1 -level public chain, some projects that solve scalability have occurred.This layer includes 2 layers, 3 layers and modular blockchain projects.

C. Interoperability

With the emergence of more chains, the ability of information cross -chain transmission is very important.The projects of this level focus on the realization of inter -chain communication, data sharing and asset transfer.

D. Developer tools and services

This layer is classified as the indispensable tools, services and data providers of developers and users.It includes everything from the development framework to the data analysis tool.

E, protocol

The characteristics of these projects are that the rules are mainly implemented on the chain.These projects cover use cases such as decentralized finance, NFT and games, social, identity and data sovereignty, and privacy.

F. Application

The characteristics of these projects are that most of the rules are not performed on the chain.These projects cover DEFI, creator platforms, NFT and games, social, identity and data management, and sovereignty, privacy and other cases.

Notice:The boundaries between protocols and applications are not always clear, and many items can be regarded as two at the same time.This is because many applications in the encryption have chain and chain components.There are 138 projects in the encrypted market map belonging to the 1+ category.

Why create an encrypted market map?

As the cryptocurrency matures, it becomes more and more professional and complex.

Since we posted market maps in 2019, cryptocurrencies have changed significantly.We have created the encrypted market map to outline this rapidly developing industry.

2019: There are more than 500 projects on our market map(Basically, any non -scam the project we can find)

Today: More than 1,500 projects, although only important items are considered

Six biggest changes in the encryption market since 2019

I, DEFI is now a main category

2019: DEFI does not make its own category, Uniswap and Compound launch less than one year ago, DAI has not been launched, and all DEFI TVL is less than $ 500 million

Today: DEFI’s TVL is 85 billion US dollars, and DEFI is the largest category. There are 394 projects + 14 sub -categories

II. Now NFT supports many applications

2019: Most applications have not used NFT and popular NFTs such as CryptoKitties are games

Today: NFT supports games, music, art, loyalty, finance, identity and other applications, and NFTFI.49 projects support NFT lending, loan and derivatives.

III, extension and interoperability projects are mature

2019: 17 L2 projects, 8 interoperability projects

Today: 73 major L2 projects, L3 projects, and modularization are new categories.

IV, applications and protocols for consumers are growing

2019: Only 30 major game items, most of the users are used for resource coordination

Today: 121 games, game platforms and Yuan universe projects, 110 social applications and agreement projects

V. Innovation technology from theoretical to practice

Take zero -knowledge technology as an example …

2019: ZK technology is only used by a few pioneering projects such as ZCASH

Today: 159 projects in the encrypted market map use ZK technology

VI, category integrates when mature

2019: The smart contract platform and the exchange are the largest categories

Today: The two have not increased significantly, because users and developers are concentrated on less platforms

We expect other categories to be integrated when mature.

Project selection standard

The encrypted market map aims to include projects with major industries or cultural influence.The projects in the map come from thousands of encrypted projects.

At least one of the following projects must be met:

  • Since 2023, it has received $ 2 million+financing and has active updates

  • 50 million US dollars+financing and active updates

  • There were 50+ developers in 2024

  • Property market value

  • Leading DEFI project on the chain

  • There are 10,000+fans on Twitter

  • Play an important or significant role in the chain ecological system

Unexpected items:

  • Hacker project

  • No items that did not show the original announced product intention

  • Projects that may be too long in startup time

How to submit new projects

The encrypted market map has not yet been complete and is in the test version.

We reviewed thousands of projects, but there are still omissions: because the data source gap may omit projects and classification may be subjective.

Click here to submit the new project: https://airtable.com/appqg8zxnvdqzplx/pageSycxoyb82pizy/form/Form

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