Top Crypto Projects to Watch Out for in 2023

The more time passes, the more crypto space evolves! The crypto space is becoming bigger with numerous projects marking their strong presence and having their own use cases. Regardless of the current market trends, these decentralized platforms continue to work hard and offer a more stringent & rigid network which does not support any loopholes or technical outrages. 

In order to get a good understanding of the various projects, the  list has been divided into three segments. An overall list of the top projects, the top metaverse projects of 2023 and a list of the best crypto projects of the year. The previous year has been a prolonged crypto winter, which has been a result of the market crash that followed the Terra LUNA crash, the various crypto exchanges withholding liquidity following the FTX collapse. With the year 2022 ending on a slightly better note, this year has a lot more opportunities to explore and be a part of.

To compile a list of the top crypto projects that the ecosystem currently has, below is the list of the top crypto projects in 2023 from the different domains that exist today. The top DAO project, top DeFi projects, and top Layer 1 projects of 2023 have been selected based on their market value. 

Top Crypto Projects of 2023

Type Of Project	Project Name	About Project	Market Cap*
DAO	Aave	Aave (AAVE) is a decentralized lending protocol that allows borrowers and lenders to interact without the need for any centralized intermediary.	$1,22,02,40,114
DeFi	DAI	DAI is an Ethereum-based stablecoin, the issuance and development of which is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization.	$5,871,863,939
Layer1	Ethereum	The infamous altcoin known majorly for being the space that introduced smart contracts.	$200,014,920,755
Layer2	Polygon	This is one of the most popular Ethereum based layer 2 scaling solutions running on the platform, thanks to its active partnerships and innovations.	$8,795,381,799
Web3	Flare	The Flare project is an advanced network that features cross-chain interoperability in order to facilitate a fully decentralized cross-chain future.	NA
NFT	ApeCoin	ApeCoin is an ERC-20 governance and utility token which is used within the APE Ecosystem to empower and incentivize a decentralized community, which is building at the forefront of Web3.	$2,12,93,70,067

Top Metaverse Projects

Standing in today’s time, Metaverse is a term that we all have heard about. Broadly speaking, it is a term that includes virtual reality, characterized by the presence of a virtual world that continues to exist even when you’re not actively playing the ‘game’ like Fortnite. It can also include augmented reality – something that combines the aspects of both digital and physical worlds – for example this once-popular game called ‘Pokemon Go’. Below is the list of the top Metaverse projects to explore in 2023.

Sr No.	Top Metaverse Projects	About
1	APECOIN (APE)	The project is created to serves a multitude of purposes in the ecosystem created by Yuga Labs.
2	DECENTRALAND (MANA)	A 3D virtual world, browser based platform that is used to purchase virtual plots of land within the platform in the form of NFTs using its native token, MANA. The project is built on the Ethereum Blockchain.
3	THE SANDBOX (SAND)	A 3D blockchain that is based to create, buy and sell in-game creations as NFTs.
4	AXIE INFINITY (AXS)	Most popular for its in-game economy which uses Ethereum-based (ERC-20) cryptos.
5	ENJIN COIN (ENJ)	Blockchain based games which are linked to the Enjin ecosystem.
6	WAX (WAXP)	Built with the objective of staking WAXP to accumulate staking rewards.
7	PLAYDAPP (PLA)	PLA is a ERC-20 token used as in-game currency for PlayDapp ecosystem.
8	YIELD GUILD GAMES (YGG)	Play-to-earn gaming guilt that claims to bring players together to earn via blockchain-based virtual economies.
9	METAHERO (HERO)	Revolves around creating HD avatars of real world objects and people using 3D scanning.
10	STAR ATLAS (ATLAS)	Grand strategy game of space exploration, territorial conquest, political domination, and more.

Read more on: Top Metaverse Projects 2023

Biggest Crypto Projects

The top crypto projects can arise from the different segments that lay within. The most commonly used crypto project names, that are set to explore a lot more this year are:

• Ethereum: The biggest altcoin by market cap is set to explore more after its transition to proof of stake consensus mechanism with its Shanghai Upgrade, which is set to be deployed in the Q1 of 2023.
• Polygon: The numerous projects that Polygon is taking part in is definitely set to make the Indian grown crypto project something to look forward to. 

Other than that, below are some of the more futuristic crypto projects that one can explore in 2023.

Sr. No.	Project Name	About the Project
1	Calvary	An accessible card battler with P2E mechanics and an expansive metaverse with a deep storyline.
2	FightOut	It is a fitness based metaverse, commonly termed as a Move-to-Earn metaverse; that encourages healthy living and keep a track of physical activities.
3	IMPT	It is a decentralized carbon credits platform which encourages eco-friendly behaviour in individuals, brands, and businesses, thus, promotes a greener approach to living.
4	RobotEra	The project gives the players avatars of robots. It is sci-fi metaverse game where players get to create their own experiences. Players also has the option to host social events and charge entry via tickets!
5	Chiliz	A sports engagement platform which has an array of fan token network for the sports industry.
6	Dash2Trade	The project provide solution for market enthusiasts with a comprehensive investment management dashboard. In short it is an easy to use crypto asset management platform.
7	C+Charge	The project is catering towards a unified payments system for EV charging system market. Using the services, users will be able to earn tokens for using charging stations.

With newer projects and upgrades coming up so often, it gets a little hard to keep a track of it all. For easier access to the trending topics, keep an eye on CoinDCX blogs.

Read more: Top Layer 2 Crypto Projects