Top 10 Crypto Startups And Projects That Began In India [MegF7JhaoY]

2025-01-02T03:18:39-0600

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In today’s video we’ll take a look at top 10 crypto startups and projects that began in India. 00:00 Introduction 00:43 #10 Easyfi Network 02:17 #9 Mudrex 03:47 #8 Stader Labs 05:57 #7 Biconomy 07:50 #6 Vauld 08:39 #5 Chingari 10:11 #4 CoinDCX 11:15 #3 5ire 12:06 #2 CoinSwitch 13:17 #1 Polygon #10 Easyfi Network: Founded by Ankitt Gaur in 2020, EasyFi Network is building an infrastructure where developers can use EasyFi’s network to build their own lending DApps (decentralised apps). Right now, EasyFi Network is offering what is called overcollaterised loans – this means that you can borrow one crypto by putting up another crypto as collateral. #9 Mudrex: Founded by Alankar Saxena, Edul Patel, Prince Arora, Rohit Goyal and Snehil Buxy in April 2018, Mudrex is a no-code platform that would enable crypto traders to create their own crypto trading algorithm bots. Today, Mudrex has evolved into a complete crypto investment platform. #8 Stader Labs: Founded by Amitej Gajjala, Dheeraj Borra and Sidhartha Doddipalli in 2021, Stader Labs is a crypto staking platform. The goal of Stader Labs is to simplify this process, by giving their users a convenient and safe way to maximise their staking returns without having to worry about the headaches and risks of manually delegating cryptocurrency to individual validators. #7 Biconomy: Founded by Ahmed Al-Balaghi, Aniket Jindal and Sachin Tomar in 2019, Biconomy is making tools for developers to help them make their Web3 apps frictionless and as easy to use as possible. Take for example their flagship product Hyphen – this tool allows DApps to offer their users instant cross-chain transactions. #6 Vauld: Vauld was founded by Darshan Bhatija and Sanju Sony Kurian in 2018, and it’s basically a crypto neobank – they offer users a platform to store cryptocurrencies, take out loans, and trade. And one nice feature is that Vauld offers interest rates as high as 12.68% on cryptocurrencies that users store in their Vauld wallet, which is a lot higher than what traditional fiat currency banks offer as an incentive for you to use their savings accounts. #5 Chingari: Chingari has actually been around since 2018 and was founded by Sumit Ghosh and Biswatma Nayak. In 2021, they began the transition from web2 to web3, with the announcement that they would be moving their entire platform onto the Solana blockchain network, and have since launched their own cryptocurrency, the GARI token. #4 CoinDCX: Founded by two friends Neeraj Khandelwal and Sumit Gupta in 2018, CoinDCX is crypto trading platform and India’s first crypto unicorn. By 2019, they had only managed to onboard 50,000 users, but then in 2020, the RBI’s crypto ban was overturned by the Supreme Court. Many of their competitors by this point had given up, CoinDCX on the other hand was ready with a very impressive catalogue of products and services. Today, they’re one of the leading crypto exchanges in India with more than 10 million users. #3 5ire: Founded by Prateek Dwivedi, Pratik Gauri and Vilma Mattilda in 2021, 5ire is a sustainability-focused blockchain network. 5ire is charting a new course: their consensus mechanism is called sustainable proof of stake (SPoS), which features all of the same benefits of Proof of Stake but also uses the UN’s Sustainable Development Goals, so that companies and organisations using 5ire’s blockchain will be rewarded for how sustainable they are. #2 CoinSwitch: Founded by Ashish Singhal, Govind Soni and Vimal Sagar in 2018, CoinSwitch continued to build and grow their crypto trading platform, but on a more diluted global scale. That changed though in 2020 when the Supreme Court overturned the ban - now, Coinswitch was able to finally cater to the needs of Indian crypto traders specifically, and they’re now one of the top crypto exchanges in the country. #1 Polygon: Polygon, which is an Ethereum-based layer 2 blockchain network, was founded by Anurag Arjun, Jaynti Kanani, Sandeep Nailwal, and Mihalio Bjelic in 2017 to solve the scalability, high network fees and speed issues of the Ethereum network. Today, in 2022, Polygon’s cryptocurrency MATIC is among the top 20 cryptocurrencies in the world, with a market cap of $11 billion. Recently, Polygon has raised India’s biggest crypto and web3 funding round ever, $450 million, with the goal of continuing to solve the scalability issues facing Ethereum. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep #crypto #startups #backstagewithmillionaires