Top 10 Cryptocurrencies

What are the largest cryptocurrencies ?

Written by
CFI Team

Updated August 18, 2022

Reviewed by
Andrew Loo

10 Largest Cryptocurrencies by Market Capitalization

1. Bitcoin (BTC)

Market Cap: $458 billion

Bitcoin is the largest and most popular cryptocurrency by market cap and was created by Satoshi Nakamoto in 2009. It is a decentralize digital currency that has assignable ownership. This cryptocurrency is mineable and has a maximum add of ₿21,000,000 .

2. Ethereum (ETH)

Market Cap: $216 billion

The closest second to Bitcoin is Ethereum, and its keepsake which is called “ Ether. ” The Ethereum network is intended to replace traditional fiscal services firms like banks and brokerages by using decentralized applications, normally called “ DeFi, ” for fiscal applications. Ether is the fuel that is required to run transactions on the Ethereum blockchain .

3. Tether (USDT)

Market Cap: $66 billion

The third base largest mint at the fourth dimension of write is quite different from Ether and BTC because it is a centralized cryptocurrency. Tether is the largest stablecoin that attempts to tie its price to the US Dollar. Tether is normally abbreviated USD₮ or USDT. This stablecoin is owned by iFinex, which owns the Bitfinex exchange.

4. USD Coin (USDC)

Market Cap: $54 billion

The second largest stablecoin is USD Coin, abbreviated to USDC. Similar to USDT, USDC is centralized and is backed by cash and US T-bills. Interestingly, you can view the underlie assets here, which consist of approximately 20 % Cash and 80 % short-duration T-bills. To learn more about Short Duration Products, check out the CMSA path on this subject .

5. Binance Coin (BNB)

Market Cap: $52 billion

BNB use to use the Ethereum blockchain but now rather uses the Binance blockchain. BNB was created in 2017 and has wide uses today. Most normally, it is used for payments and transaction fees on Binance. Like many other coins, BNB is centralized .

6. Ripple (XRP)

Market Cap: $18 billion

XRP is decentralized and uses the Ripple protocol to prioritize amphetamine and understate costs. It is an older cryptocurrency that was inaugural released in 2012. XRP is said to be a fast and impregnable room to send digital payments .

7. Cardano (ADA)

Market Cap: $18 billion

Unlike the previous few coins, Cardano is a decentralized, open-source, populace blockchain. Cardano has been around since 2017 but began development back in 2015 with help from an Ethereum cofounder .

8. Binance USD (BUSD)

Market Cap: $18 billion

Binance USD is the irregular coin on this list from the Binance cryptocurrency change. It is a centralize stablecoin based on Ethereum.

9. Solana (SOL)

Market Cap: $15 billion

Solana, which started in 2020, is a Blockchain platform on its own and has a native cryptocurrency with the same name. Solana is often used for smart contracts and now non-fungible tokens ( NFTs ). Its closest rival is said to be Ethereum, with many of the lapp features .

10. Polkadot (DOT)

Market Cap: $10 billion

Polkadot, abbreviated DOT, is a cryptocurrency released in 2020. It was started by another Ethereum co-founder and can be used to connect blockchains together securely .

Additional Resources

Thank you for reading CFI ’ s guidebook to the acme 10 Cryptocurrencies. To keep advancing your career, the extra CFI resources below will be utilitarian :

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Category : QUESTION COIN