1020 Decentralized Finance (Crypto Category)

The Decentralized Finance Crypto Category comprises companies, organizations, and projects involved in decentralized capital markets, decentralized finance infrastructure, decentralized derivatives, and decentralized financial services.

102010 Decentralized Capital Markets (Crypto Sub-category)

The Decentralized Capital Markets Crypto Sub-category contains companies, organizations, and projects engaged in decentralized exchange, decentralized asset exchange, and decentralized liquidity.

10201010 Decentralized Exchange (Crypto Class)

Companies, organizations, and projects that operate and maintain platforms for trading cryptocurrencies without a central authority. A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized blockchain network, allowing users to trade cryptocurrencies in a peer-to-peer (P2P) manner without the need for intermediaries such as a central authority or third-party custodians. Unlike centralized exchanges, where users must deposit their funds on the exchange, DEXs allow users to retain control of their own private keys and trade directly from their personal wallets. This provides users with greater security and privacy, as well as the ability to trade a wider variety of cryptocurrencies.

10201020 Decentralized Asset Exchange (Crypto Class)

Companies, organizations, and projects that operate and maintain platforms for trading digital assets, such as NFTs, on decentralized networks.

10201030 Decentralized Liquidity (Crypto Class)

Companies, organizations, and projects that operate decentralized platforms and services providing liquidity for cryptocurrency trading, such as liquidity pools and automated market makers (AMMs). In the crypto universe, liquidity refers to the ability of a cryptocurrency to be bought or sold quickly and easily without significantly affecting its price. A cryptocurrency with high liquidity means there are enough buyers and sellers willing to trade it, which results in a more efficient market where transactions can be completed at fair market prices. On the other hand, a cryptocurrency with low liquidity may have limited buyers and sellers, which can result in wider bid-ask spreads and higher price volatility.

102020 Decentralized Finance Infrastructure (Crypto Sub-category)

The Decentralized Financial Infrastructure Crypto Sub-category comprises companies, organizations, and projects engaged in DeFi protocols and Non-custodial Wallets.

10202010 DeFi Protocols (Crypto Class)

Companies, organizations, and projects that provide decentralized protocols that enable DeFi products and services. A decentralized protocol is a set of rules and procedures that govern a peer-to-peer network of nodes, where there is no central authority controlling the network.

10202020 Non-custodial Wallets (Crypto Class)

Companies, organizations, and projects that provide non-custodial wallets technologies, products, or services. A non-custodial wallet is a type of cryptocurrency wallet where the user has complete control over their private keys and funds. In other words, the user is the sole custodian of their digital assets and is responsible for keeping their private keys safe. Non-custodial wallets are designed to give users full control over their funds without relying on a third-party custodian, which is a central point of failure and security risk.

102030 Decentralized Derivatives (Crypto Sub-category)

The Decentralized Derivatives Crypto Sub-category comprises companies, organizations, and projects engaged in decentralized asset-backed assets, decentralized synthetic assets, and decentralized cross-chain assets.

10203010 Decentralized Asset-backed Assets (Crypto Class)

Companies, organizations, and projects that are involved in crypto assets derive their value from an underlying asset, such as cryptocurrencies, tokenized real estate, or commodities. Stablecoins are excluded from this class.

10203020 Decentralized Synthetic Assets (Crypto Class)

Companies, organizations, and projects that are involved in synthetic assets technologies, products, or services. A synthetic asset in the crypto universe refers to a type of digital asset whose value is derived from an underlying asset or a combination of assets, such as cryptocurrencies, fiat currencies, commodities, or other financial instruments. Synthetic assets are created and traded on decentralized platforms that use smart contracts and other blockchain-based technologies to provide users with exposure to the underlying assets without actually owning them. They are called "synthetic" because they are created synthetically through the use of complex financial engineering and derivatives, rather than being directly tied to the value of the underlying asset. Synthetic assets can be used for a variety of purposes, including hedging, speculation, and creating custom financial products.

10203030 Decentralized Cross-chain Assets (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of cross-chain assets. A cross-chain asset is created by locking up a native coin on its blockchain and issuing an equivalent amount of tokens on another blockchain.

102040 Decentralized Financial Services (Crypto Sub-category)

The Decentralized Financial Services Crypto Sub-category comprises companies, organizations, and projects engaged in decentralized deposits & loans, decentralized payments & remittances, decentralized insurance, decentralized financial data, and diversified decentralized financial services.

10204010 Decentralized Deposits & Loans (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of deposits and loans based on decentralized infrastructures. In the crypto universe, deposits and loans refer to the ability to lend and borrow cryptocurrencies or stablecoins through decentralized platforms. These platforms allow users to earn interest on their deposited assets or borrow funds using their existing cryptocurrency holdings as collateral.

10204020 Decentralized Payments & Remittances (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of payments and remittances based on decentralized infrastructures. Payment and remittance in the crypto universe refer to the use of cryptocurrencies as a means of exchanging value or making payments. Cryptocurrencies offer several advantages over traditional payment methods, including lower fees, faster transaction times, and greater privacy. The remittance, in particular, refers to the use of cryptocurrencies to send money across borders, often to countries where traditional financial services are not easily accessible or are prohibitively expensive.

10204030 Decentralized Investment & Funding (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of investment and funding based on decentralized infrastructures. In the crypto universe, investment typically refers to the act of purchasing or acquiring crypto assets with the expectation of generating a profit in the future. Funding refers to the act of providing financial support to a blockchain project or company, typically in exchange for tokens or equity. Funding may also refer to loans or other forms of financing provided to individuals or companies within the crypto industry.

10204040 Decentralized Insurance (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of insurance based on decentralized infrastructures. In the crypto universe, insurance refers to the provision of protection against potential risks associated with cryptocurrency investments, trading, or other related activities. This can include protection against hacks, thefts, loss of private keys, smart contract vulnerabilities, and other types of risks that are unique to the crypto ecosystem. Crypto insurance providers typically offer policies that cover losses due to these types of risks, and may also offer additional services such as risk assessments and security audits to help clients mitigate potential risks.

10204050 Decentralized Financial Data (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of financial data on decentralized infrastructures. In the crypto universe, financial data refers to the various types of data related to cryptocurrencies and the blockchain technology that are used to inform investment decisions or develop trading strategies. This data includes historical and real-time price and volume data, as well as data on market trends, trading volumes, and market capitalization of various cryptocurrencies. Other types of financial data in the crypto universe might include data on network activity, mining difficulty, and other metrics that can help investors or traders understand the health and growth potential of different blockchain projects.

10204060 Diversified Decentralized Financial Services (Crypto Class)

Companies, organizations, and projects that provide technologies, products, or services of diversified financial services on decentralized infrastructures.