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The Full List of 11 Ethereum Unicorn Startups (2026)

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The Ethereum ecosystem is home to a diverse group of companies building on its blockchain. Cryptocurrency exchange Kraken leads the pack with a $20B valuation.

Beyond exchanges, the space includes key infrastructure and scaling projects. For example, Blockdaemon provides blockchain deployment services and is valued at $3.25B.

Below is the full list of 11 Ethereum unicorn startups at this time.

Top 10 Most Valuable Ethereum Unicorns

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Kraken runs one of the world's largest cryptocurrency exchanges, allowing users to trade a wide range of digital assets. They are also known for offering services beyond trading, such as staking to earn rewards and access to parachain auctions.

Valuation$20B (Joined June 2019)
HeadquartersSan Francisco, California, United States
Year Founded2011
FoundersJesse Powell, Michael Gronager, Thanh Luu
Funding Amount$1.3B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusVenture Round
Top InvestorsCitadel, Tribe Capital, HOF Capital, Apollo, HSG

Yuga Labs builds digital worlds and experiences using blockchain technology. They are best known for creating and acquiring some of the most valuable NFT collections, such as Bored Ape Yacht Club and CryptoPunks.

Valuation$4B (Joined March 2022)
HeadquartersCoral Gables, Florida, United States
Year Founded2021
FoundersGreg Solano, Wylie Aronow
Funding Amount$450M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeed
Top InvestorsLightspeed Venture Partners, Coinbase, MoonPay, Samsung NEXT, Bond

Blockdaemon builds institutional-grade blockchain infrastructure, managing nodes and payment rails for businesses. Their platform is recognized for supporting over 60 distinct blockchain networks, including major protocols like Ethereum and Bitcoin.

Valuation$3.25B (Joined September 2021)
HeadquartersLos Angeles, California, United States
Year Founded2017
FoundersKonstantin Richter
Funding Amount$431.3M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsBorderless Capital, Sapphire Ventures, Plug and Play, Goldman Sachs, Kraken

Polygon builds a platform for scaling Ethereum and developing its core infrastructure. Their technology enables developers to create decentralized applications with faster transaction speeds and significantly lower fees.

Valuation$2B
HeadquartersBengaluru, Karnataka, India
Year Founded2017
FoundersAntoni Martin, Anurag Arjun, Bobbin Threadbare, Brendan Farmer, Daniel Lubarov, David Schwartz, Jaynti Kanani, Jordi Baylina, Mihailo Bjelic, Sandeep Nailwal
Funding Amount$451.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsAccel, Peak XV Partners, Elevation Capital, Union Square Ventures, Tiger Global Management

Optimism builds a low-cost, lightning-fast Layer 2 blockchain used by developers to scale applications on Ethereum. They are known for their platform's equivalence with Ethereum and for a governance system that directs revenue toward funding public goods.

Valuation$2B (Joined March 2022)
HeadquartersNew York, New York, United States
Year Founded2019
FoundersJinglan Wang, Karl Floersch, Kevin Ho
Funding Amount$178.5M
Company SizeLean Team (11-50)
Last Funding StatusUndisclosed
Top InvestorsBlockBase Ventures, IDEO CoLab Ventures, Nascent, Andreessen Horowitz, Paradigm

Berachain builds a high-performance, Ethereum-compatible blockchain designed for financial applications. The platform introduces a novel Proof-of-Liquidity consensus mechanism to better align incentives within its decentralized ecosystem.

Valuation$2B
HeadquartersGeorge Town, Midland, Cayman Islands
Year Founded2021
FoundersDev Bear, Man Bera, Smokey The Bera
Funding Amount$142.3M
Company SizeMid-Size Team (51-250)
Last Funding StatusUndisclosed
Top InvestorsFramework Ventures, Samsung NEXT, Amber Group, Tribe Capital, Hack VC

Boba Network provides an Ethereum Layer-2 scaling solution that reduces gas fees and improves transaction speeds for decentralized applications. Their platform uses Optimistic Rollup technology and is governed as a Decentralized Autonomous Organization (DAO).

Valuation$2B
HeadquartersPalo Alto, California, United States
Year Founded2018
FoundersAlan Chiu
Funding Amount$115M
Company SizeLean Team (11-50)
Last Funding StatusPrivate Equity
Top InvestorsTheVentureCity, Hack VC, M13, BitMart, HTX

Monad is building a high-performance blockchain that is fully compatible with Ethereum. Their protocol uses parallel execution to dramatically boost transaction speeds and overall network capacity.

Valuation$1B
HeadquartersNew York, New York, United States
Year Founded2022
FoundersEunice Giarta, James Hunsaker, Keone Hon
Funding Amount$244M
Company SizeLean Team (11-50)
Last Funding StatusVenture Round
Top InvestorsElectric Capital, Paradigm, Coinbase Ventures, Amber Group, Dragonfly

Dune Analytics builds a community-powered platform for querying blockchain data with SQL. Their tools allow anyone to create and share custom dashboards, making complex on-chain crypto data from networks like Ethereum easy to visualize and understand.

Valuation$1B (Joined February 2022)
HeadquartersOslo, Oslo, Norway
Year Founded2018
FoundersFredrik Haga, Mats Olsen
Funding Amount$79.4M
Company SizeLean Team (11-50)
Last Funding StatusSeries B
Top InvestorsRedpoint, Coinbase Ventures, Coatue, Dragonfly, Union Square Ventures

Flashbots operates as a research and development organization focused on the complex world of Maximal Extractable Value (MEV) within the Ethereum ecosystem. They create open-source software and tools to enable more transparent and efficient MEV extraction, aiming to reduce its negative impacts on the network.

Valuation$1B (Joined July 2023)
HeadquartersGrand Cayman, Midland, Cayman Islands
Year Founded2020
FoundersStephane Gosselin
Funding Amount$60M
Company SizeLean Team (11-50)
Last Funding StatusSeries B
Top InvestorsInflection, Paradigm

The Remaining Ethereum Unicorn

The ten most valuable companies get a lot of attention, but they aren't the only ones building big things on Ethereum. Other founders are also hitting that billion-dollar milestone.  The United States continues to be a major hub for this growth. Here's a look at the other unicorn shaping the Ethereum space in 2026.

Unicorn StartupCountryYear FoundedAmount RaisedValuation
BFMeta logo BFMetaUnited States2022$1B

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