Once a technology considered a novel accessory to its core technology — blockchain — cryptocurrency is now heralded as “programmable money,” a core innovation set to power autonomous businesses and AI agents.
What does that mean? After years of fragmented adoption, cryptocurrency is coming into its own in enterprise functions, seeing embedded and truly integrated uses that are positioning cryptocurrency startups to reap the benefits of the long journey to adoption.
Which companies are leading the way today?
We put our heads together and refined metrics on cryptocurrency companies that have received lots of funding and are funded in the Silicon Valley ecosystem. This ranking sheds light on the hottest cryptocurrency companies and allows for clear comparisons with similar funding and business models. It also applies the power laws to funding and company concentration in this space.
Top 15 Cryptocurrency Venture-Backed Ranking Table
We analyzed data from Crunchbase and Keywords Everywhere to uncover the top US cryptocurrency companies with top investors from Silicon Valley.
| Ranking | Company | GFD Tech100 Final Score* | GFD Funding Score* | GFD Website Score* | GFD Branded Keyword Score* | Private or Public? |
| 1 | Gemini | 87.1 | 68.6 | 74.9 | 98.4 | Private |
| 2 (tie) | Coinbase | 85.3 | 82.8 | 83.2 | 55.6 | Private |
| 2 (tie) | Polymarket | 85.3 | 86 | 82.7 | 49.3 | Private |
| 4 | Bitmine Immersion Technologies | 85 | 78.3 | 63.4 | 83 | Private |
| 5 | Circle | 84.7 | 80.9 | 79 | 61.2 | Public |
| 6 | Ripple | 83 | 85.3 | 74.4 | 50.8 | Private |
| 7 | Tempo | 79.9 | 81.5 | 54.6 | 67.4 | Private |
| 8 | zerohash | 79.7 | 73.5 | 72.4 | 64.8 | Private |
| 9 (tie) | Robinhood | 76.5 | 64.1 | 83.1 | 61.6 | Private |
| 9 (tie) | DeFi Development Corporation | 76.5 | 73.4 | 55.9 | 69.9 | Private |
| 11 (tie) | World | 75.1 | 67.9 | 66.5 | 65.6 | Private |
| 11 (tie) | MoonPay | 75.1 | 68.7 | 78.4 | 51.8 | Private |
| 13 | Lead | 74.9 | 70.3 | 67 | 59.5 | Private |
| 14 | Jito | 74.2 | 72.1 | 70.5 | 49.8 | Private |
| 15 | Donut | 72.9 | 70.7 | 58.9 | 59.9 | Public |
| 16 | Tria | 71.5 | 66.1 | 68.4 | 54.4 | Private |
| 17 | Anchorage Digital | 71 | 59.1 | 69.9 | 65 | Private |
| 18 | Commonware | 69.8 | 73.6 | 62.6 | 39 | Private |
| 19 | OpenSea | 69.5 | 58.6 | 81.8 | 48.9 | Private |
| 20 | Votre | 69.4 | 71.6 | 48.1 | 56.3 | Private |
| 21 | Turnkey | 68.6 | 62.4 | 65.2 | 54.5 | Private |
| 22 | Yellow Card | 68.1 | 58 | 71.1 | 55.9 | Private |
| 23 | Azra Games | 67.9 | 74.5 | 54.9 | 38.2 | Private |
| 24 | Coinflow Labs | 67.8 | 68.4 | 64.6 | 40.3 | Public |
| 25 | Bitwise | 67.1 | 63.2 | 62.4 | 50.5 | Private |
*GFD’s Tech100 score is a final composite score of the Funding Score, Website Score, and the Branded Keyword score.
Key Takeaways:
- The three hottest cryptocurrency companies in October 2025 are Gemini, Coinbase, and Polymarket due to the volume and freshness of their funding, the recent performance of their website, and the growth trends of their branded keyword.
Ranking the Top Venture-Backed Companies by Funding Score
Funding is huge. This breakout highlights those firms that have raised the most venture capital rounds, ranked by a combination of date and volume. Note we are also including post-IPO raises as well. These are worth considering because they’re all part of the competitive system that all cryptocurrency startups are competing in.
| Ranking | Company | Total Funding Amount | Most Recent Funding Amount | Last Funding Date | GFD Funding Score* | Public or Private? |
| 1 | Polymarket | $2.28B | $2.00B | 10/7/2025 | 86 | Private |
| 2 | Ripple | $794M | $500M | 11/5/2025 | 85.3 | Private |
| 3 | Applied Digital | $2.49B | $788M | 10/7/2025 | 83.2 | Private |
| 4 | Coinbase | $4.45B | $2.60B | 8/5/2025 | 82.8 | Private |
| 5 | Tempo | $500M | $500M | 10/17/2025 | 81.5 | Private |
| 6 | Circle | $2.44B | $18M | 11/19/2025 | 80.9 | Public |
| 7 | Bitmine Immersion Technologies | $815M | $365M | 9/22/2025 | 78.3 | Private |
| 8 | Empery Digital | $698M | $100M | 10/13/2025 | 76.4 | Private |
| 9 | Azra Games | $87M | $19M | 11/10/2025 | 74.5 | Private |
| 10 | Commonware | $34M | $25M | 11/7/2025 | 73.6 | Private |
*GFD’s Funding Score captures funding volume and velocity by combing total funding with recent funding amount and recency.
Key Takeaways:
- When accounting for funding volume and freshness, Ripple leads the industry as it is the cryptocurrency company with the highest total funding of $794M and has recently in the past two months received a funding amount of $500M.
- Ripple and Commonware are two rising companies in the AI space that have both recently recieved over $25M in funds within the past 60 days.
- Coinbase leads the cryptocurrency industry with a total funding amount of $4.45B.
1. Polymarket
GFD Funding Score*: 86
Total Funding Amount: $2.28B
Most Recent Funding Amount: $2.00B
Days Since Last Funding: 55
Out of our 99 ranked Cryptocurrency companies, Polymarket ranks #1 in funding. The company’s total funding is $2.28B and the last time they were funded was on October 7, 2025 for $2.00B. The last funding type was Corporate Round. The total amount of lead investors that Polymarket has is 5 and their top investors are: General Catalyst, Coinbase, Founders Fund, Abstract, SV Angel.
2. Ripple
GFD Funding Score*: 85.3
Total Funding Amount: $794M
Most Recent Funding Amount: $500M
Days Since Last Funding: 26
Out of our 99 ranked Cryptocurrency companies, Ripple ranks #2 in funding. The company’s total funding is $794M and the last time they were funded was on November 5, 2025 for $500M. The last funding type was Venture – Series Unknown. The total amount of lead investors that Ripple has is 12 and their top investors are: Andreessen Horowitz, Lightspeed Venture Partners, Nol Card balance check, SBI Investment, IDG Capital.
3. Applied Digital
GFD Funding Score*: 83.2
Total Funding Amount: $2.49B
Most Recent Funding Amount: $788M
Days Since Last Funding: 55
Out of our 99 ranked Cryptocurrency companies, Applied Digital ranks #3 in funding. The company’s total funding is $2.49B and the last time they were funded was on October 7, 2025 for $788M. The last funding type was Post-IPO Equity. The total amount of lead investors that Applied Digital has is 8 and their top investors are: NVIDIA, Macquarie Asset Management, Macquarie Group, Related, Bank of North Dakota.
GFD Website Score Breakdown
Website traffic and traffic growth is important but doesn’t always line up perfectly with other attributes and events like funding. We were curious as to which of these companies saw the strongest website traffic and growth. The website score we captures the volume of recent website visits and combines it with the companies’ website growth trends.
| Ranking | Company | Last Month Total Visits | Average Visits (6 Months) | Monthly Visit Growth | GFD Website Score* | Private or Public? |
| 1 | Brave | 600.0M | 499.3M | 15.75% | 89 | Delisted |
| 2 | Coinbase | 43.9M | 42.8M | 12.49% | 83.2 | Private |
| 3 | Robinhood | 34.4M | 28.2M | 20.57% | 83.1 | Private |
| 4 | Polymarket | 10.0M | 7.7M | 57.41% | 82.7 | Private |
| 5 | Stocktwits | 17.7M | 17.1M | 26.17% | 82.2 | Private |
| 6 | OpenSea | 10.9M | 8.5M | 39.41% | 81.8 | Private |
| 7 | Mezo | 65K | 178K | 230.87% | 80.1 | Private |
| 8 | Circle | 1.1M | 846K | 76.95% | 79 | Public |
| 9 | Phantom | 2.4M | 2.1M | 42.92% | 78.9 | Private |
| 10 | MoonPay | 4.6M | 3.9M | 17.30% | 78.4 | Private |
*GFD’s Website Score captures the volume of recent website visits and combines it with the companies’ website growth trends.
Key Takeaways:
- The cryptocurrency company with the most average monthly website traffic over the last six months is Brave with 499.3M visits per month.
- Two cryptocurrency industry leaders with the most average monthly website traffic volume over the last six months are Brave and Coinbase.
- Two companies in the cryptocurrency space with fast growing websites over the past month are Mezo and Circle. Both companies have seen their website traffic increase by 76.00% over the last month.
1. Brave
GFD Website Score*: 89
Last Month’s Total Visits: 600.0M
Monthly Average Visits Over 6 Months: 499.3M
Monthly Visit Growth: 15.8%
Out of our 99 ranked Cryptocurrency companies, Brave ranks #1 in website traffic. Last month, the website saw 600.0M total visits and increased by 15.8% from the month before that. The average visits over the past 6 months were 499.3M.
2. Coinbase
GFD Website Score*: 83.2
Last Month’s Total Visits: 43.9M
Monthly Average Visits Over 6 Months: 42.8M
Monthly Visit Growth: 12.5%
Out of our 99 ranked Cryptocurrency companies, Coinbase ranks #2 in website traffic. Last month, the website saw 43.9M total visits and increased by 12.5% from the month before that. The average visits over the past 6 months were 42.8M.
3. Robinhood
GFD Website Score*: 83.1
Last Month’s Total Visits: 34.4M
Monthly Average Visits Over 6 Months: 28.2M
Monthly Visit Growth: 20.6%
Out of our 99 ranked Cryptocurrency companies, Robinhood ranks #3 in website traffic. Last month, the website saw 34.4M total visits and increased by 20.6% from the month before that. The average visits over the past 6 months were 28.2M.
Cryptocurrency Companies with Strongest Branded Search Growth
A great way to measure brand growth is by analyzing keyword growth for the company across a period of time. We sourced Google Search keyword data for companies on the list and ranked by a score that accounted for total keyword search as well as search volume change over the last year.
| Ranking | Company | Total Keyword Search Volume | Average Monthly Search Volume Change (1 Year) | 1 Year Trend Positive or Negative? | GFD Company Keyword Ranking* | Private or Public |
| 1 | Gemini | 124.0M | 29.6M | + | 98.4 | Private |
| 2 | Bitmine Immersion Technologies | 15K | 4K | + | 83 | Private |
| 3 | DeFi Development Corporation | 4K | 857 | + | 69.9 | Private |
| 4 | Tempo | 7.5M | 178K | + | 67.4 | Private |
| 5 | World | 1.5M | 59K | + | 65.6 | Private |
| 6 | Anchorage Digital | 12K | 2K | + | 65 | Private |
| 7 | zerohash | 8K | 1K | + | 64.8 | Private |
| 8 | Robinhood | 1.8M | 7K | + | 61.6 | Private |
| 9 | Circle | 1.2M | 10K | + | 61.2 | Public |
| 10 | Applied Digital | 27K | 2K | + | 60.3 | Private |
*GFD’s Branded Keyword Ranking is a metric that combines monthly branded keyword search volume with a 1-year linear trend that is observed weekly and adjusted by search volume.
Key Takeaways:
- Bitmine Immersion Technologies is the fastest growing branded keyword in the cryptocurrency industry. It has an average monthly increase of about 4K searches.
- Gemini is the company among the top ten companies for branded keyword search for cryptocurrency that has the most volume. It has a search volume of 124.0M searches.
- Two fast rising companies in the cryptocurrency space are Bitmine Immersion Technologies and DeFi Development Corporation according to their branded keyword search trends.
1. Gemini
GFD Branded Keyword Score*: 98.4
Total Keyword Search Volume: 124.0M
Average Weekly Search Volume Change: 29.6M
Out of our 99 ranked Cryptocurrency companies, Gemini ranks #1 in branded keyword searches. Last month, their total branded keyword search volume was 124.0M. Over the course of the last year, the average monthly change for their branded keyword search volume was 29.6M, indicating an increase in their 1-year trend.
2. Bitmine Immersion Technologies
GFD Branded Keyword Score*: 83
Total Keyword Search Volume: 15K
Average Weekly Search Volume Change: 4K
Out of our 99 ranked Cryptocurrency companies, Bitmine Immersion Technologies ranks #2 in branded keyword searches. Last month, their total branded keyword search volume was 15K. Over the course of the last year, the average monthly change for their branded keyword search volume was 4K, indicating an increase in their 1-year trend.
3. DeFi Development Corporation
GFD Branded Keyword Score*: 69.9
Total Keyword Search Volume: 4K
Average Weekly Search Volume Change: 857
Out of our 99 ranked Cryptocurrency companies, DeFi Development Corporation ranks #3 in branded keyword searches. Last month, their total branded keyword search volume was 4K. Over the course of the last year, the average monthly change for their branded keyword search volume was 857, indicating an increase in their 1-year trend.
Methodology and Sources
- Methodology: We collected data for 10k+ companies from Crunchbase and aggregated it into a set of scores through the use of quantitative transformations and expertly curated weighted averages.
- Sources: Crunchbase and Google Trends
Update Log
- December 1st, 2025: Monthly update.
- November 1st, 2025: Monthly update.
