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The Ethereum blockchain serves as a critical base for a group of new companies. These businesses are creating everything from financial products to core web infrastructure.
Polygon, a platform for scaling Ethereum, has raised $451.5M in funding. Similarly, NFT creator Yuga Labs has attracted $450M to develop its digital collectibles.
Below is our list of 30 Ethereum startups worth keeping an eye on.
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Get the Sheet for $50Polygon develops a platform for Ethereum scaling and infrastructure development, enabling developers to build user-friendly decentralized applications. Their suite of solutions provides higher throughput and lower transaction costs, addressing some of Ethereum's core scalability challenges.
Gate operates a top-tier cryptocurrency exchange for trading a wide variety of digital assets. The platform consistently ranks among the top exchanges globally, recognized for its high trading volume and deep liquidity.
QuickNode builds a comprehensive blockchain platform for developers to create and scale Web3 applications. The platform features reliable APIs and tools, helping developers build on over two dozen different blockchains.
Optimism provides a low-cost and lightning-fast Layer 2 blockchain built to help scale the Ethereum network. Their decentralized infrastructure platform allows developers to build applications with instant transactions and scalable smart contracts.
Monad develops a high-performance blockchain protocol that streamlines Ethereum throughput. Their approach uses parallel transaction processing to significantly boost the network's capacity and speed.
Ethena builds a synthetic dollar protocol on Ethereum that provides a crypto-native solution for finance. Their platform offers a stable, censorship-resistant asset that is independent of the traditional banking system.
Yuga Labs creates NFTs and digital collectibles, building entire ecosystems on the blockchain. The company is the force behind some of the world's most recognized NFT projects, including the Bored Ape Yacht Club.
Eclipse provides a platform for developers to launch custom, high-performance blockchains secured by Ethereum. By using the Solana Virtual Machine for execution, their solution allows decentralized applications to achieve significant scaling without leaving the Ethereum ecosystem.
BitMart runs a premier digital asset trading platform where users can buy and sell over 1,000 different cryptocurrencies. The exchange is recognized for its low trading fees and a broad suite of products that includes spot, futures, and an NFT marketplace.
Archax has built a global, regulated platform for digital assets, combining an exchange, brokerage, and custodian services. This gives institutional and professional investors a single, compliant venue to trade and store everything from digital securities to cryptocurrencies.
Our top 10 picks are just a small sample of the projects being built on Ethereum. The companies that follow have raised over $1.6 billion together to grow their ideas. You'll see a mix of new and older companies, working in everything from media to infrastructure. Here’s a look at the other startups shaping the Ethereum space.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Crypto | 2019 | $323.1M | Series C | |
| Crypto | — | $654M | Venture Round | |
| Crypto | 2018 | $55M | Series B | |
| Crypto | 2022 | $55M | Series A | |
| Crypto | 2018 | $115M | Private Equity | |
| Crypto | 2024 | $30M | Equity Crowdfunding | |
| Crypto | 2023 | $30M | Seed | |
| Crypto | 2017 | $14M | Series A | |
| Crypto | 2021 | $142.3M | Undisclosed | |
| Crypto | 2022 | $37M | Series A | |
| Analytics | 2018 | $79.4M | Series B | |
| Media | 2017 | $12.7M | Series A | |
| Crypto | 2021 | $12M | Series A | |
| Crypto | — | $7.2M | Seed | |
| Crypto | 2018 | $28.7M | Venture Round | |
| Crypto | 2021 | $3.2M | Seed | |
| Media | 2021 | $5.1M | Venture Round | |
| Infrastructure | 2023 | $6M | Seed | |
| Crypto | 2016 | $5M | Venture Round | |
| Crypto | 2016 | €1.3M | Seed |
