Global segment ranking · Fintech › Crypto & digital assets

The world’s most valuable blockchain infrastructure companies

Companies building blockchain protocols, developer platforms, node and RPC services, analytics and enterprise blockchain, valued as companies, not tokens. Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Edition 0 (beta) · Published September 29, 2026 Twice a yearNext edition: January 1, 2027· Claude · multi-AI consensus in a future edition· Published method· Order never changed by a human

Key metrics for this segment: revenue, customers, usage. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. Crypto exchanges, stablecoin issuers, institutional custody, hardware wallets and cross-border payment apps each have their own segment. A company appears in one segment only. Method

The segment at a glance

15companies ranked

12companies on the radar

3countries in the ranking

1listed benchmarks

Sources: Bloomberg, CNBC, CoinDesk, The Block, Fortune, TechCrunch, Cointelegraph, Sacra, GlobeNewswire, PR Newswire, company announcements. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide.

Global ranking · Blockchain infrastructure

Top 15 Radar Challengers

First edition: no movements yet.

World · 15 ranked companies

#	Company	Last round · Key metrics	Estimated valuation (AI, order of magnitude)	Confidence	Invest
1	RippleUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Share buyback (tender offer) · USD 750M · Mar 2026Revenue: n/d · Customers: n/d · $100B+ payment volume processed · cumulative, Mar 2026	Last known equity round: Share buyback (tender offer) · USD 750M · Mar 2026 (company buyback from investors and employees); last primary round: USD 500M in November 2025 at USD 40B, led by Fortress and Citadel Securities Published valuation: USD 50bn (Mar 2026) Confidence index: HighMethod	Solid sources	Declare an intent
2	ConsensysUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series D · USD 450M · Mar 2022Revenue: n/d · Customers: n/d · MetaMask: 100M+ downloads · Sep 2026	Last known equity round: Series D · USD 450M · Mar 2022 (led by ParaFi Capital) Published valuation: USD 7bn (Mar 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
3	TempoUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series A · USD 500M · Oct 2025Revenue: n/d · Design partners include OpenAI, Shopify, Visa · Usage: n/d · Oct 2025	Last known equity round: Series A · USD 500M · Oct 2025 (led by Thrive Capital and Greenoaks) Published valuation: USD 5bn (Oct 2025) Confidence index: HighMethod	Solid sources	Declare an intent
4	AlchemyUnited States · North AmericaSources: 1Is this your company? Report an error	Series C-1 · USD 200M · Feb 2022Key metrics not disclosed	Last known equity round: Series C-1 · USD 200M · Feb 2022 (led by Lightspeed and Silver Lake) Published valuation: USD 10.2bn (Feb 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
5	ChainalysisUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series F · USD 170M · May 2022Revenue $190M · Customers: n/d · Usage: n/d · 2023	Last known equity round: Series F · USD 170M · May 2022 (led by GIC) Published valuation: USD 8.6bn (May 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
6	BlockstreamCanada · North AmericaSources: 1Is this your company? Report an error	Series B · USD 210M · Aug 2021Key metrics not disclosed	Last known equity round: Series B · USD 210M · Aug 2021 (led by Horizons Ventures and AXA Strategic Ventures); October 2024: USD 210M convertible note led by Fulgur Ventures Published valuation: USD 3.2bn (Aug 2021) Confidence index: MediumMethod	Partial sources	Declare an intent
7	StarkWareIsrael · Middle East & North AfricaSources: 1Is this your company? Report an error	Series D · USD 100M · May 2022Key metrics not disclosed	Last known equity round: Series D · USD 100M · May 2022 (led by Greenoaks and Coatue) Published valuation: USD 8bn (May 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
8	Digital AssetUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Equity round · USD 365M · Jul 2026Revenue: n/d · 700+ Canton ecosystem participants · Usage: n/d · Jun 2026	Last known equity round: Equity round · USD 365M · Jul 2026 (led by a16z crypto); USD 355M announced June 2026, extended by USD 10M (Shinhan, SC Ventures) in July 2026 Published valuation: USD 2bn (Jul 2026) Confidence index: HighMethod	Solid sources	Declare an intent
9	TRM LabsUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series C extension · undisclosed · Sep 2026Revenue ARR 4x over three years (2023–2026) · 600+ agencies and institutions in 75 countries (Sep 2026) · Usage: n/d	Last known equity round: Series C extension · undisclosed · Sep 2026 (led by Blockchain Capital); February 2026: USD 70M Series C at USD 1B Published valuation: USD 2bn (Sep 2026) Confidence index: HighMethod	Solid sources	Declare an intent
10	LayerZero LabsCanada · North AmericaSources: 1Is this your company? Report an error	Series B (equity + token warrants) · USD 120M · Apr 2023Key metrics not disclosed	Last known equity round: Series B (equity + token warrants) · USD 120M · Apr 2023 (a16z crypto, Sequoia, Circle Ventures, Samsung Next) Published valuation: USD 3bn (Apr 2023) Confidence index: MediumMethod	Partial sources	Declare an intent
11	Mysten LabsUnited States · North AmericaSources: 1Is this your company? Report an error	Series B · USD 300M · Sep 2022Key metrics not disclosed	Last known equity round: Series B · USD 300M · Sep 2022 (led by FTX Ventures) Published valuation: USD 2bn (Sep 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
12	Offchain LabsUnited States · North AmericaSources: 1Is this your company? Report an error	Series B · USD 120M · Aug 2021Key metrics not disclosed	Last known equity round: Series B · USD 120M · Aug 2021 (led by Lightspeed) Published valuation: USD 1.2bn (Aug 2021) Confidence index: MediumMethod	Partial sources	Declare an intent
13	Aptos LabsUnited States · North AmericaSources: 1 · 2Is this your company? Report an error	Series A · USD 150M · Jul 2022Key metrics not disclosed	Last known equity round: Series A · USD 150M · Jul 2022 (led by FTX Ventures and Jump Crypto) No confirmed published valuation Confidence index: LowMethod	Weak sources	Declare an intent
14	Uniswap LabsUnited States · North AmericaSources: 1Is this your company? Report an error	Series B · USD 165M · Oct 2022Key metrics not disclosed	Last known equity round: Series B · USD 165M · Oct 2022 (led by Polychain Capital) Published valuation: USD 1.7bn (Oct 2022) Confidence index: MediumMethod	Partial sources	Declare an intent
15	PIP Labs (Story)United States · North AmericaSources: 1Is this your company? Report an error	Series B · USD 80M · Aug 2024Key metrics not disclosed	Last known equity round: Series B · USD 80M · Aug 2024 (led by a16z crypto) Published valuation: USD 2.2bn (Aug 2024) Confidence index: LowMethod	Weak sources	Declare an intent

Ranking in descending order of AI-estimated valuation, based on public information, following a published method, with no human intervention on the order. Valuation ranges are indicative editorial estimates: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Edition 0: produced by Claude (Anthropic); a consensus of several AI models will apply in a future edition. Eligibility: at least $1M raised including one equity round, non-listed company, main activity in this segment (blockchain protocols, developer platforms and on-chain analytics). Country shown is the country of main operations. Request a correction

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How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Range

An order of magnitude, never a figure.

Hundreds of k$
Millions $
Tens of M$
Hundreds of M$
Unicorn
Decacorn

Confidence

High: recent published valuation or round (under 24 months).
Medium: older data.
Low: single or unconfirmed source.

Full method →

Invest in blockchain infrastructure, together

Uback aggregates investment intentions from business angels, family offices, corporates and sector specialists worldwide. Every ranked company already has professional investors on its cap table, who have negotiated a shareholders’ agreement: you don’t start from a blank page.

Strength in numbers

Alone, a small ticket opens no doors. Together, Backers carry weight.

Declare an intention

On a company or a sector, with a ticket range. Paid, to show you are serious; transferable as long as it has not been converted.

Critical mass is reached

When the number of Backers and the total of their intentions cross a threshold, the licensed partner contacts the company and presents this demand.

The licensed partner structures

If the company’s expectations and the Backers’ converge, the partner builds a transaction and presents it directly to the Backers concerned.

Closing

Capital raise or sale of existing shares: small tickets are pooled in a common vehicle set up by the licensed partner. Each Backer decides whether to take part.

Uback does not advise, does not negotiate, collects nothing. Each transaction is run by the licensed partner of the company’s country, under the law that governs its shares.

Get notified when intentions open What happens after my declaration? Intention declarations open once the licensed partner signs · price per ticket band · valid 12 months · transferable credit

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

QuickNode · United States · North AmericaJan 2025 · USD 60M
Monad Labs · United States · North AmericaApr 2024 · USD 225M (token-linked)
EigenLabs · United States · North AmericaFeb 2024 · USD 100M
Flashbots · United States · North AmericaJul 2023 · USD 60M
Matter Labs (ZKsync) · Germany · EuropeNov 2022 · USD 200M
Elliptic · United Kingdom · EuropeOct 2022 · USD 60M
Thirdweb · United States · North AmericaAug 2022 · USD 24M
Dune · Norway · EuropeFeb 2022 · USD 69M
Blockdaemon · United States · North AmericaJan 2022 · USD 207M
Nansen · Singapore · Asia-PacificDec 2021 · USD 75M
Figment · Canada · North AmericaJul 2021 · USD 110M
R3 · United Kingdom · EuropeMay 2017 · USD 107M

Listed benchmarks

Not ranked: no intention is possible on a listed company.

Figure Technology Solutions · United StatesNasdaq · FIGR

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: January 1, 2027.

Eligibility. At least $1M raised including one equity round, non-listed company, main activity in this segment (blockchain protocols, developer platforms and on-chain analytics). A company appears in one segment only.

Sources. Bloomberg, CNBC, CoinDesk, The Block, Fortune, TechCrunch, Cointelegraph, Sacra, GlobeNewswire, PR Newswire, company announcements.

Method and rules, common to all rankings →