Binance Research (JieXuan Chua, CFA, TianTian Fang)
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The Crypto Ecosystem One-Pager provides a bird’s eye view of the crypto landscape. We break down the crypto ecosystem into three broad categories – Application Layer; Infrastructure; Blockchain Network.
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Application layer consists of decentralized applications (“dApps”) across different verticals in crypto and is usually the front-end interface that general users interact with.
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Infrastructure is made up of providers that offer the necessary framework, foundation, or functionalities, that other projects can build on or integrate with.
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Blockchain Network includes Layer 1 and Layer 2 blockchains. These form the cornerstone of the crypto ecosystem.
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This map is compiled based on publicly available data, research, and qualitative analysis. It is not intended to be an exhaustive list of projects in the industry. Projects showcased are mapped according to their primary use cases. The mention of specific projects does not constitute endorsement or recommendation by Binance.
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.
