2023 Crypto Market Review and 2024 Annual Selection Results Revealed

In 2023, the crypto market has emerged with a recovery curve, with asset values and market sentiment experiencing a positive shift. This year, multiple innovative narratives centered around the theme of "link" unfolded, including the Bitcoin inscription craze, RWA tokenization, the DePIN revolution, and the Bitcoin spot ETF.

Against this backdrop, an annual selection event themed "CONNECT" was held, aiming to recognize outstanding Web3 projects, teams, and individuals from the past year, connecting Web3 with the real world and bridging old and new cycles. After nearly two months of selection, a total of 123 projects/companies and 10 individuals stood out, receiving 21 authoritative annual awards.

Annual Outstanding Contribution Award

Based on multiple data dimensions such as the number of on-chain addresses, the number of smart contract deployments, the number of active developers, trading volume, and technical upgrades, the three Annual Outstanding Contribution Awards are awarded to Ethereum, Bitcoin, and Solana.

Annual Application List

The annual application rankings include eight major award categories, with a total of 55 annual applications selected. The selection criteria include user activity, transaction volume, total locked value, governance token market capitalization, and team background data.

Annual Innovative Application

Worldcoin, Blast, SINOHOPE, De.Fi, and a certain Web3 platform

Annual Best DeFi

EigenLayer, a certain DEX, a certain DEX, JustLend, Helix, ether.fi, Venus, GMX, Lido, and AAVE

Annual Best GameFi

Pixels, Matr1x Fire, BigTime, Illuvium, Shrapnel, Parallel, Seraph, Abyss World, Dark Forest and MIR4

Annual Best SocialFi

Farcaster, TaskOn, Phaver, Galxe and UXLINK

Annual Best RWA

Ondo Finance, Maker, KlimaDAO, Centrifuge, and Tangible

Annual Best DePIN

Render, Script Network, Fetch AI, BitTensor, and Filecoin

Annual Best AI + Web3 Integration

Web3Go, Impakt, ChainGPT, Fetch AI and rct AI

Most Popular NFT of the Year

Weirdo Ghost Gang, Bitcoin Frogs, Mocaverse, Memeland, Pizza Ninjas, Pudgy Penguins, Doodles, bitmap, Mad Lads, and Nobody

Annual Public Chain Selection

The selection criteria include several indicators such as the number of active users, the number of active developers, network fundamentals, total protocols, total fees, and technological progress.

Most Vibrant Public Chain of the Year

Ethereum, Solana, Bitcoin, Sui, and Conflux

Most Promising Projects in Each Ecosystem

• Bitcoin ecosystem: Merlin Chain, Stacks, Particle Network, Nervos Network, and Bounce Finance
• Ethereum ecosystem: zkSync, EigenLayer, Linea, Taiko and Puffer Finance
• Solana Ecosystem: Jupiter, Pyth, Solana Mobile, Backpack, and Render
• Cosmos ecosystem: Berachain, Injective, Celestia, Dymension, and Sei

Annual Best Tools

MiniBridge, DeGame, DeBank, Etherscan and RigSec

Most Popular Inscriptions of the Year

ORDI, SATS, ATOM, RATS, COOK, ETHS, AVAV, MICE, BNBS and POLS

Most Popular MEME of the Year

PEPE, SHIB, BONK, DOGE, MEME, AIGOGE, SILLY, SMOG, WIF, FLOKI

Best Investment Institutions of the Year

Investment departments of certain trading platforms, A16Z, investment departments of certain trading platforms, Amber Group, DWF Labs, Web3.com Ventures, Animoca Brands, Hashkey Capital, NGC Ventures, and SevenX Ventures

Best Exchange of the Year

a certain trading platform, a certain trading platform, HashKey Exchange, a certain trading platform and BitMart Exchange

Most Influential KOL of the Year

Kevin, Biteye, Uncle Jian, Phyrex, BITWU.ETH, Cos(, Yuxian), Eleven Landlord, Mr. Block, Crazy Sleep in the Rain and Geek Web3

This list records and encourages the participants and builders actively engaged in this wave of financial revolution. As the market size continues to reach new heights and application scenarios continue to expand, encryption technology and assets are gradually entering the global mainstream view. In the future, the industry will develop towards a more stable and mature direction, and the space for imagination will further expand.