The world of decentralized finance (DeFi) and Web3 infrastructure is rapidly evolving, with new startups emerging every day. As we approach Q1 2023, it’s important to take a closer look at the top innovators in this space, as they are the ones driving the industry forward and shaping its future.

Here are the top 10 DeFi and Web3 infrastructure startups to watch in Q1 2023:

1. Chainlink: Chainlink is a decentralized oracle network that provides secure and reliable data feeds to smart contracts. It’s one of the most important infrastructure projects in the DeFi space, as it enables smart contracts to access off-chain data in a trustless manner.

2. Aave: Aave is a decentralized lending platform that allows users to borrow and lend cryptocurrencies without the need for intermediaries. It’s one of the most popular DeFi protocols, with over $10 billion in total value locked (TVL) as of September 2021.

3. Uniswap: Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for intermediaries. It’s one of the most popular DEXs in the DeFi space, with over $3 billion in daily trading volume as of September 2021.

4. Compound: Compound is a decentralized lending platform that allows users to earn interest on their cryptocurrencies by lending them out to other users. It’s one of the most popular DeFi protocols, with over $10 billion in TVL as of September 2021.

5. MakerDAO: MakerDAO is a decentralized lending platform that allows users to borrow stablecoins (e.g., DAI) by collateralizing their cryptocurrencies. It’s one of the most important infrastructure projects in the DeFi space, as it enables the creation of stablecoins without the need for intermediaries.

6. Polygon: Polygon (formerly Matic Network) is a Layer 2 scaling solution for Ethereum that aims to improve its scalability and reduce its transaction fees. It’s one of the most important infrastructure projects in the Web3 space, as it enables faster and cheaper transactions on Ethereum.

7. The Graph: The Graph is a decentralized indexing protocol that allows developers to easily access and query blockchain data. It’s one of the most important infrastructure projects in the Web3 space, as it enables developers to build decentralized applications (dApps) more easily.

8. Filecoin: Filecoin is a decentralized storage network that allows users to store and retrieve data in a trustless manner. It’s one of the most important infrastructure projects in the Web3 space, as it enables the creation of decentralized storage solutions.

9. Skale Network: Skale Network is a Layer 2 scaling solution for Ethereum that aims to improve its scalability and reduce its transaction fees. It’s one of the most important infrastructure projects in the Web3 space, as it enables faster and cheaper transactions on Ethereum.

10. Oasis Network: Oasis Network is a privacy-focused blockchain platform that aims to enable secure and private data sharing. It’s one of the most important infrastructure projects in the Web3 space, as it enables the creation of privacy-preserving dApps.

In conclusion, these are the top 10 DeFi and Web3 infrastructure startups to watch in Q1 2023. They are driving innovation in this space and shaping its future, so it’s important to keep an eye on their progress and developments. Whether you’re a developer, investor, or user, these startups are likely to have a significant impact on your experience in the DeFi and Web3 space.

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• Source: Plato Data Intelligence: PlatoData