Electric Capital Unveils New Tool to Map Crypto’s Expanding Ecosystem – Journal Today Online

Venture top concern Electric Capital has launched a newborn agency attempting to wage a careful overview of the Byzantine crypto ecosystem.

Dubbed the Crypto Market Map, the agency categorizes projects into sextet subject layers, ranging from set stock to end-user applications.

The transpose tracks over 1,500 projects, substance a organic visualization of the sector’s framework.

The agency could support stakeholders in navigating the industry’s ontogeny complexities by serving users see and attain more conversant decisions, according to the firm.

According to Electric Capital, the sextet school layers are Core Infrastructure, Scaling, Interoperability, Developer Tools and Services, Protocols, and Applications.

Electric Capital said the transpose is fashioned to be a community-driven tool, hortative contributions to compound its quality and comprehensiveness.

The classifications intend to support users meliorate see the roles and interconnections of different companies and projects, Maria Shen, the firm’s generalized partner, said in a weekday place on X.

These layers emit the advancement of crypto stock as it matures, lightness momentous projects and their contributions to the industry, the concern said in a removed statement.

Electric Capital notes the transpose includes exclusive field projects with momentous business or social relevance, gathering criteria much as funding, developer activity, and mart impact.

Since the prototypal mart transpose publicised by Electric Capital in 2019, the crypto genre has seen celebrity shifts.

That includes the utilization of DeFi, which has swollen from having inferior than $500 meg in amount continuance locked (TVL) in 2019 to $85 billion, DeFi Llama data shows.

This collection today includes 394 projects, easily making it the maximal collection in the map.

Non-fungible tokens (NFTs) hit also emerged as a field category, with material ontogeny in ordering and interoperability projects.

The start is currently in beta, and Electric Capital is hunt accord feedback to better and modify the tool.