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Navigating Crypto: Industry Map

Binance Research (JieXuan Chua, CFA, Shivam Sharma, Mac Naggar)

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  • The Industry Map provides an overview of the crypto ecosystem. In this report, we break down different verticals into subcategories, and lay out a few projects in each of them.

  • In this iteration of the Industry Map, we covered nine verticals - Infrastructure; DeFi; NFTs; Gaming; Real World Assets; Decentralized Social; Artificial Intelligence; Decentralized Science; DAO Tooling.

  • Infrastructure: We looked at projects in the areas of Scalability and Fairness; Data Usability and Tooling; Security and Privacy; Computation and Content Delivery.

  • DeFi: We looked at projects in the areas of Issuance; Liquidity; Trading; Connectivity; Risk Management.

  • NFTs: We looked at projects in the areas of Marketplace; Financialization; Service.

  • Gaming: We looked at projects in the areas of Games; Game Development; Player Experience.

  • Real World Assets: We looked at projects in the areas of RWA Rails; Asset Providers.

  • Decentralized Social: We looked at projects in the areas of Identity and Reputation; Social Media; Messaging.

  • Artificial Intelligence: We looked at projects in the areas of Smart Ledgers; AI-Powered Services.

  • Decentralized Science: We looked at projects in the areas of Funding; Research; Data; Publishing / Review.

  • DAO Tooling: We looked at projects in the areas of Governance Structure; Operations Management.


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About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.

General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.