Solana Wins CoinMarketCap's CMC Crypto of the Year Award
CoinMarketCap has revealed the winners of the 2024 CMC Crypto Awards after a rigorous 10-day evaluation, including online voting, data analysis, and expert reviews.
The annual event honors exceptional contributions to Crypto and Web3 across eight categories, recognizing outstanding projects and individuals shaping the crypto space.
The announcement took place during a livestreamed online awards ceremony on March 6, witnessed by a global audience of crypto enthusiasts, with the awards immortalized as NFTs on the Ethereum blockchain, marking an immutable record of crypto success.
🚨CMC Crypto Awards 2024 is NOW LIVE!
— CoinMarketCap (@CoinMarketCap) March 6, 2024
🏆 Ceremony Details: https://t.co/H8HNw6Ap9q
📺 Watch now: https://t.co/AVkHW3t9gG
Get ready for the first-ever CMC Crypto Awards Ceremony! Join us in celebrating this year's winners & honoring the people, products and projects shaping…
Solana Triumphs Over Strong Contenders
Solana was crowned as Crypto of the Year. Nominees for the award included Ripple, Chainlink, Ethereum, and Toncoin, among others.
Despite facing stiff competition, Solana triumphed over these contenders by showcasing resilience in overcoming challenges, including network outages and past associations with disgraced figures.
The blockchain network’s strategic partnerships with traditional finance projects like Visa and its notable adoption throughout the past year contributed to its success.
Other Notable Winners
Bridge Builder of the Year: BlackRock claimed this title for its leading role in launching spot Bitcoin ETFs in the US.
🏆 Bridge Builder of the Year - @BlackRock
— CoinMarketCap (@CoinMarketCap) March 6, 2024
Blackrock has been awarded the Bridge Builder of the Year title for integrating cryptocurrency with traditional finance. pic.twitter.com/tLPCJoLLmu
Social Influencer to Watch: Onchain crypto sleuth ZachXBT received recognition for his adeptness in uncovering scams and fraudulent activities.
🏆 Social Influencer to Watch - @zachxbt
— CoinMarketCap (@CoinMarketCap) March 6, 2024
ZACHXBT is named 2024's Social Influencer to Watch, valued for his investigative contributions to the crypto community's integrity. pic.twitter.com/m9iMNtjLjv
Memecoin of the Year: BONK received this accolade for its significant impact on the Memecoin sector and its role in growing Solana’s ecosystem.
🏆 Meme Coin of the Year - @bonk_inu
— CoinMarketCap (@CoinMarketCap) March 6, 2024
Bonk is awarded as Meme Coin of the Year for its impact on crypto culture and community engagement. pic.twitter.com/oefd1C2WrB
Most Innovative L1/L2/Cross-Chain Project: Celestia was recognized for its advancements in scalability, security, and interoperability among networks.
🏆 Most Innovatice L1/L2/Cross-Chain Project - @CelestiaOrg
— CoinMarketCap (@CoinMarketCap) March 7, 2024
Celestia is recognized for its blockchain scalability and interoperability contributions, marking it as the year's most innovative project. pic.twitter.com/XzL1Nzaj53
Most Innovative NFT and Gaming Project: Pudgy Penguins was honored for its innovation in the NFT and gaming space.
🏆 Most Innovative NFT & Gaming Project - @pudgypenguins
— CoinMarketCap (@CoinMarketCap) March 6, 2024
Pudgy Penguins is honored as 2024's Most Innovative NFT & Gaming Project for its creativity and impact on the NFT community. pic.twitter.com/zXVzjiznK6
Most Innovative DeFi Project: Uniswap clinched this award for its groundbreaking contributions to the DeFi ecosystem.
🏆 Most Innovative DeFi Project - @Uniswap
— CoinMarketCap (@CoinMarketCap) March 6, 2024
Uniswap is recognized for revolutionizing DeFi with its decentralized trading protocol, enhancing accessibility and liquidity in the crypto market. pic.twitter.com/GtzoKgXI46
Remarkable Tie in Crypto Leader of the Year
A remarkable tie occurred in the Crypto Leader of the Year category, with Vitalik Buterin, Changpeng Zhao, Julia Leung, Brian Armstrong, and Ryan Selkis all sharing the award for their contributions to the industry.
🏆 Crypto Leader of the Year - Everyone wins!@CZ_Binance@TwoBitIdiot@VitalikButerin@Brian_Armstrong#JuliaLeung
— CoinMarketCap (@CoinMarketCap) March 6, 2024
Celebrating the collective leadership within the crypto sector, this award recognizes the collaborative efforts and impact of leaders industry-wide. pic.twitter.com/BlwSMIB2Dz
The CMC Crypto Awards is supported by partners BingX, Animoca Brands, Binance, Trust Wallet, Coinbase, Chainwire, Zeebu, and ICP Hubs Network and is a collective celebration of the crypto community’s strength and potential.
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