The total market value of 11 blockchain unicorns is 269 billion. Will stable coins and DeFi be the new unicorns?

According to the "2019 Hurun Global Unicorn List" released by Hurun Research Institute today, among the 494 unicorn companies in the world, 11 blockchain enterprises are shortlisted, and their total market capitalization is 269 billion yuan, accounting for 2% of the total market value of the global unicorn list.

Hu Run, Chairman and Chief Researcher of Hurun Report, said:

“The opportunities brought about by the new economy are global. As long as you expand this industry in China, you will be globally leading, such as e-commerce, cloud computing, artificial intelligence, blockchain and other emerging industries.”

The following are the blockchain companies that have entered the list:


(Related data from "2019 Hurun Global Unicorn List")

Mining machine dealers, exchanges, and public chain developers become the top players in the current blockchain industry

It is not difficult to find that the blockchain companies that entered the unicorn list are the leaders in the mining, trading and public chain development sectors, among which the mining and exchange sectors have become the biggest winners, among the 11 unicorn companies. These two areas each accounted for four.

This may be related to the industry's early stages of development. At present, the biggest application in the blockchain industry is still bitcoin and transactions, which has made the relevant companies get the biggest dividend.

Take the mining industry as an example. The halving of Bitcoin in May next year will bring great expectations to the miners. This expectation is reflected in the fact that Bitcoin’s net computing power is not affected by the fall in the currency price, but it has been rising and hitting A strange phenomenon of a new high in history.


(Data from

The next trading business belongs to the field that is closest to the money. Whether the market is in a bull market or a bear market, the top exchanges can achieve stable and very substantial income. For example, the head exchanges such as Coin and Coinbase become unicorn companies. It doesn't seem to be surprising.

In the public chain, it is the most competitive blockchain track in 2017-2018. Many investors and institutions have invested a lot of money in this track, and Block.One and Dfinity have become the biggest winners. , a large amount of capital support, which makes these companies' valuations reach the standard of unicorns.

Staking, stable currency, DeFi will create a new unicorn in the blockchain field?

In addition to the above three major areas, the Staking, Stabilizing Coins and DeFi areas that 19 years of investment institutions have focused on are also considered to be the birthplace of a unicorn in the blockchain.

The Libra Stabilization Coin project led by social media giant Facebook has completely detonated the stable currency market. International organizations such as G7 and G20 have attached great importance to it. In addition, the stable currency has also promoted central banks to a large extent. The progress of digital currency.

In the existing stable currency market, the controversial Tether has a market capitalization value of more than 4 billion US dollars. In addition, decentralized stable currency projects such as Maker have become quasi-unicorns. With the cooperation of DeFi (decentralized finance) applications, these decentralized stable currency projects become unicorns and it seems that they are not idiotic dreams.

In addition, next year's cryptocurrency market NO.2 – Ethereum, will also shift from PoW to PoS, while other major stars PoS public chain projects will also be intensively launched, Staking will become another competitive track.

Which new unicorns will appear in these tracks, talk about your views!