The 2023 Crypto Market Recovery, PANews Annual Selection Focuses on Web3 Innovation

In 2023, the crypto market showed a positive recovery trend, with significant improvements in asset value and market sentiment. Throughout this year, the hot trend of Bitcoin inscriptions, the rise of RWA tokenization, the emergence of DePIN, and the anticipation of Bitcoin spot ETFs all revolved around the theme of "linking."

Against this backdrop, a well-known media platform held the 2024 annual selection activity with the theme "CONNECT", aimed at recognizing outstanding Web3 projects, teams, and individuals from the past year, promoting the connection between Web3 and the real world, as well as the transition between old and new cycles. After nearly two months of registration, online voting, and professional evaluation, a total of 123 projects/companies and 10 individuals received 21 authoritative annual awards.

Based on multiple indicators such as the number of on-chain addresses, the number of smart contract deployments, the number of active developers, trading volume, and technological upgrades, three Annual Outstanding Contribution Awards were selected: Ethereum, Bitcoin, and Solana.

In the application field, the selection covers eight categories including innovative applications, DeFi, GameFi, SocialFi, RWA, DePIN, AI+Web3 integration, and NFTs, with a total of 55 projects standing out. Among them, the Annual Innovative Application Award was given to 5 projects, including a decentralized identity verification platform, a Layer 2 solution, two Web3 wallet service providers, and a DeFi aggregation platform.

The selection in the public blockchain field is based on indicators such as the number of active users, the number of developers, network fundamentals, the total number of protocols, and the total fees, resulting in the selection of 5 most vibrant public blockchains and 20 most promising ecological projects for the year. Among them, Ethereum, Solana, Bitcoin, Sui, and Conflux were awarded the title of the most vibrant public blockchains of the year.

In the category of tools, 5 projects were recognized for their innovative performance in data analysis and user experience, including cross-chain bridges, game data platforms, DeFi management tools, block explorers, and security audit tools.

The prosperity of the Bitcoin ecosystem is also fully reflected, with the 10 most popular inscription projects listed, showcasing the wave of innovation brought by the Ordinals protocol. Meanwhile, the 10 most popular MEME tokens have also received recognition, demonstrating the creativity and vitality of the crypto market.

The important role of investment institutions in promoting industry development has also been affirmed, with 10 top crypto investment institutions selected for their outstanding performance in terms of portfolio, investment frequency, financing scale, and market reputation.

Exchanges, as an important part of the encryption economic system, have earned the title of Best Exchange of the Year for 5 trading platforms due to their advantages in terms of capital reserves, trading volume, market share, security, and user experience.

In addition, 10 opinion leaders with significant influence in the industry have also been recognized for their key role in information dissemination and industry promotion.

As encryption technology and assets gradually enter the global mainstream, the industry is developing towards a more stable and mature direction. This list is not only a summary of the industry's development over the past year but also points the way for future innovations and breakthroughs.