Exchanges, infrastructure, and digital-asset platforms — private crypto ranked by valuation with secondary-market pricing.
| # | Company | Valuation | Secondary $/sh | vs Last Round | Last Round | IPO Status |
|---|---|---|---|---|---|---|
| 1 | Ripple San Francisco, California |
$50Bmark 2026-03 | no secondary mark | — | Late Stage Venture · 2025-11-04 · $500M | expected |
| 2 | Telegram Dubai, UAE |
$30Bmark 2025-01 | $99999.00as of 2026-06-27 | no priced round on record | Pre-IPO convertible bond · 2024-03-01 · $330M | rumored |
| 3 | Polymarket New York, NY |
$21Bmark 2026-09 | $143.83as of 2026-06-27 | -0.2% | Strategic round · 2025-10-07 · $2.0B | no imminent plans |
| 4 | KuCoin Seychelles |
$20Bmark 2026-08 | no secondary mark | +100.0%mark | Series B · 2022-05-10 · $150M | private |
| 5 | Infinite Reality Greenwich, CT |
$16Bmark 2025-Q2 | no secondary mark | — | Series B Secondary · 2025-10-15 · $1.1B | rumored |
| 6 | Bitmain Beijing, China |
$15Bmark 2018-Q3 | $1.75as of 2026-06-27 | +34.6% | Series B1 · 2018-08-06 · $422M | private |
| 7 | Trade Republic Berlin, Germany |
$14Bmark 2024-05 | $250.00as of 2026-06-27 | +154.7%mark | Series C · 2022-06-03 · $1.1B | private |
| 8 | Hyperliquid Remote / Distributed |
$11Bmark 2026-Q3 | no secondary mark | — | None (bootstrapped, no VC) · 2024-11-29 | private |
| 9 | Kraken Cheyenne, Wyoming |
$11Bmark 2025-Q4 | $31.11as of 2026-06-27 | -49.4% | Series D · 2025-11-17 · $200M | expected |
| 10 | Alchemy San Francisco, CA |
$10Bmark 2022-Q1 | $197.68as of 2026-06-27 | -61.7% | Series C · 2022-02-01 · $200M | no imminent plans |
| 11 | NEAR San Francisco, CA |
$10Bmark 2022-Q2 | no secondary mark | — | Series strategic · 2022-04-06 · $350M | no imminent plans |
| 12 | Fireblocks New York, NY |
$8.0Bmark 2022-Q1 | $5.25as of 2026-06-27 | -67.4% | Series E · 2022-01-01 · $550M | rumored |
| 13 | StarkWare Netanya, Israel |
$8.0Bmark 2022-Q2 | $5.00as of 2026-06-27 | = last roundmark | Series D · 2022-05-24 · $100M | private |
| 14 | FalconX San Mateo, CA |
$8.0Bmark 2022-Q2 | $60.60as of 2026-06-27 | -86.1% | Series D · 2022-06-21 · $150M | private |
| 15 | Dapper Labs Vancouver, Canada |
$7.6Bmark 2022-Q1 | $9.56as of 2026-06-27 | = last roundmark | Series 1 · 2022-03-03 · $250M | private |
| 16 | Consensys Software Fort Worth, TX |
$7.1Bmark 2022-Q1 | $27.28as of 2026-06-27 | -80.5% | Series D · 2022-03-09 · $450M | private |
| 17 | Blockchain.com Dallas, TX |
$7.0Bmark 2023-Q4 | $7.05as of 2026-06-27 | = last roundmark | Series E · 2023-11-14 · $110M | filed |
| 18 | SandboxAQ Palo Alto, CA |
$5.6Bmark 2026 | $21.35as of 2026-06-27 | +24.1% | Series E · 2025-04-03 · $450M | Private |
| 19 | MoonPay Dover, DE |
$5.0Bmark 2025-01 | $154.79as of 2026-06-27 | -37.5% | Series B · 2022-04-11 · $87M | private |
| 20 | CHAOS Industries El Segundo, CA |
$4.5Bmark 2025-11 | no secondary mark | — | Series D · 2025-11-01 · $275M | no imminent plans |
| 21 | Binance.US Miami, FL |
$4.5Bmark 2022-Q2 | $4.10as of 2026-06-27 | -79.8% | Seed Round · 2022-04-06 · $216M | private |
| 22 | Erebor Columbus, OH |
$4.3Bmark 2025-Q4 | no secondary mark | — | Series A · 2025-12-22 · $350M | private |
| 23 | Sorare Saint-Mandé, France |
$4.3Bmark 2021-Q3 | $3.13as of 2026-06-27 | -79.8% | Series B · 2021-09-19 · $680M | private |
| 24 | Anchorage Digital San Francisco, CA |
$4.2Bmark 2024-03 | $23.84as of 2026-06-27 | no priced round on record | Series D · 2021-12-15 · $350M | rumored |
| 25 | Monad San Francisco, CA |
$3.9Bmark 2024-11 | no secondary mark | +30.0%mark | Series A · 2024-04-09 · $225M | private |
| 26 | Celestia Vaduz, Liechtenstein |
$3.5Bmark 2024-Q3 | no secondary mark | = last roundmark | Later Stage VC · 2024-09-23 · $100M | private |
| 27 | Blockdaemon Los Angeles, CA |
$3.3Bmark 2022-Q1 | $2.48as of 2026-06-27 | -80.0% | Series C · 2022-01-24 · $207M | private |
| 28 | Autograph Seattle, WA |
$3.2Bmark 2022-Q1 | $144.18as of 2026-06-27 | 0.0% | Series B · 2022-01-04 · $170M | private |
| 29 | LayerZero Vancouver, Canada |
$3.0Bmark 2023-Q2 | $11.72as of 2026-06-27 | -70.2% | Series B · 2023-04-03 · $120M | private |
| 30 | Phantom San Francisco, CA |
$3.0Bmark 2025-Q1 | $169.50as of 2026-06-27 | +2.7% | Series C · 2025-01-14 · $150M | private |
| 31 | Amber Group Singapore, Singapore |
$3.0Bmark 2022-Q1 | no secondary mark | = last roundmark | Series B1 · 2022-02-21 · $200M | private |
| 32 | Axie Infinity Ho Chi Minh City, Vietnam |
$3.0Bmark 2022-Q2 | no secondary mark | = last roundmark | Series B · 2022-04-05 · $150M | private |
| 33 | Blockstream Montreal, Canada |
$2.5Bmark 2021-Q3 | $5.64as of 2026-06-27 | = last roundmark | Series B · 2021-08-23 · $167M | private |
| 34 | Chainalysis New York, USA |
$2.5Bmark 2024-Q4 | $6.52as of 2026-06-27 | -83.7% | Series F · 2022-05-10 · $170M | rumored |
| 35 | Immutable Sydney, Australia |
$2.5Bmark 2026-01 | $400.00as of 2026-06-27 | -71.0% | Series C · 2022-03-07 · $280M | private |
| 36 | Wormhole (Financial Software) George Town, Cayman Islands |
$2.5Bmark 2023-Q4 | no secondary mark | = last roundmark | Early Stage VC · 2023-11-29 · $225M | private |
| 37 | CoinDCX Mumbai, India |
$2.5Bmark 2025-10 | $26.00as of 2026-06-27 | +14.0%mark | Series D · 2022-04-19 · $135M | private |
| 38 | Paxos New York, NY |
$2.4Bmark 2021-Q2 | $9.87as of 2026-06-27 | -51.1% | Series D · 2021-04-27 · $300M | private |
| 39 | 1inch Network Tortola, British Virgin Islands |
$2.3Bmark 2021-Q4 | no secondary mark | = last roundmark | Series B · 2021-12-01 · $175M | private |
| 40 | Bitso Mexico City, Mexico |
$2.2Bmark 2021-Q2 | $4.16as of 2026-06-27 | -74.8% | Series C · 2021-05-03 · $250M | private |
| 41 | Story Protocol Bellevue, WA |
$2.2Bmark 2024-Q3 | no secondary mark | = last roundmark | Series B · 2024-08-21 · $83M | private |
| 42 | CloudWalk São Paulo, Brazil |
$2.1Bmark 2022-Q1 | no secondary mark | — | Series C · 2022-02-08 · $150M | rumored |
| 43 | Digital Currency Group Stamford, CT |
$2.0Bmark 2026-05 | $10.08as of 2026-06-27 | no priced round on record | Series strategic · 2021-11-02 · $700M | no imminent plans |
| 44 | Mysten Labs Palo Alto, CA |
$2.0Bmark 2022-Q3 | $51.58as of 2026-06-27 | -71.1% | Series B · 2022-08-08 · $300M | private |
| 45 | CertiK New York, NY |
$2.0Bmark 2022-Q2 | no secondary mark | = last roundmark | Series B3 · 2022-04-19 · $148M | private |
| 46 | Rain.XYZ New York, NY |
$1.9Bmark 2026-Q1 | $15.20as of 2026-06-27 | +6.6% | Series C · 2026-01-08 · $250M | private |
| 47 | Sky Mavis Singapore, Singapore |
$1.9Bmark 2023-Q3 | $37.51as of 2026-06-27 | = last roundmark | Series B · 2023-07-17 · $11M | private |
| 48 | CoinSwitch Chennai, India |
$1.9Bmark 2021-Q4 | no secondary mark | = last roundmark | Series C · 2021-10-05 · $260M | private |
| 49 | Uniswap New York, NY |
$1.7Bmark 2022-Q4 | $35.80as of 2026-06-27 | -44.3% | Series B · 2022-10-13 · $165M | private |
| 50 | Optimism New York, NY |
$1.6Bmark 2022-Q1 | no secondary mark | = last roundmark | Series B · 2022-03-17 · $150M | private |
vs Last Round — unlabeled: the secondary share price against the round's price per share (the tape's own comparison). print: the latest observed print's implied valuation against the last priced round's post-money. mark: the valuation shown against that post-money — no independent print yet. = last round means the two legs are within 0.5%; for a mark basis that means the valuation shown was set by the round itself. A cell that says no priced round on record has a secondary price but no round to test it against — it is never rendered as 0.
Ranked by tracked Crypto & Web3 portfolio companies — counted from disclosed round participation and each firm's notable holdings, so a firm only appears here if it actually holds companies in this ranking. Full capital-side ranking: Top Private Market Investors by AUM.
By latest disclosed valuation, the largest tracked private Crypto & Web3 companies are Ripple ($50B), Telegram ($30B), Polymarket ($21B), KuCoin ($20B), Infinite Reality ($16B). The full ranking of 106 companies refreshes daily at quantlogix.ai/private/crypto.
Ranked by tracked Crypto & Web3 portfolio companies, the most active investors are Andreessen Horowitz (7 tracked), Founders Fund (6 tracked), Paradigm (5 tracked), Pantera Capital (3 tracked), Haun Ventures (3 tracked). Full ranking: Top Private Market Investors by AUM.
Valuations are each company's latest disclosed mark, dated per row; secondary share prices refresh daily (32 of 106 tracked companies currently carry one). Rows without a usable number say so rather than showing zero.
Methodology. Rankings are by each company's latest disclosed valuation (roster + weekly enrichment); the "mark" chip shows when that valuation was set. Secondary share prices are point estimates from secondary-market activity — one implied price per name, no bid/ask — refreshed daily (marks overlay as of 2026-10-01), each carrying its own date. "vs Last Round" compares the secondary price to the company's own last primary round per-share price; rows without a usable comparison say so rather than showing zero. Companies marked acquired, defunct, or public are excluded. Educational data, not investment advice.