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House of the rising cryptocorns

Data: Crunchbase; Note: *Dunamu figure and rough minimum Binance valuation from Forbes reporting. Ava Labs number from Bloomberg reporting. Chart: Axios Visuals

In light of all the recent dealmaking in the web3 space, we created a chart of the largest crypto companies by value. Notice the standout.

Why it matters: Many of these crypto unicorns — including FTX, FTX.US,, Fireblocks, Consensys, Binance.US, and Ava Labs — raised at these valuations in just the last three months.

Details: The companies in the chart all fall into the crypto category. But it's worth noting the growing diversity in the ranks, as the use-case for blockchain spreads beyond just buying and selling crypto.

  • NFT marketplaces, along with gaming and payments companies, have raised funding as venture capitalists chase the next big web3 company.

What we're watching: The valuations are getting larger, and the list is growing. And with billions pouring into crypto-centric venture funds, we don't expect the momentum to slow anytime soon.

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