The bitcoin and altcoin space has been attracting the attention of institutional investors as well as individual investors for a while. The base of these investors also continues to grow. Apart from Bitcoin and Ethereum, which are the largest cryptocurrencies by market value, other altcoins are also attracting the attention of these funds. So what happened? Cryptocurrency platform Messari has provided a list of altcoins that venture capitalists have invested the most in. Here are the details…
Messari: Funds have invested in these altcoin projects
Although the beginnings of cryptocurrencies were the result of individuals around the world, the institutional landscape of crypto investment; continues to grow every quarter with new hedge funds, venture capital (VC) funds, liquidity providers and decentralized autonomous organizations (DAOs) entering the industry fast. These funds; seeks top investments in a variety of industries, including smart contracts, decentralized finance (DeFi), wealth management, Web3 infrastructure, scaling, non-fungible tokens (NFTs) and gaming.
Messari quarterly analyzes and compiles liquid portfolios (market-traded assets) of top VC firms and hedge funds across crypto. These portfolios do not include any equity investments or investments in projects that have not yet been implemented. In Messari’s most recent research, the result was as follows:
There are the most Terra (LUNA) in circulation
As can be seen in the chart above, Polkadot has the most Invested in , Oasis Network and NEAR Protocol. The rest were Terra, Solana, 0x, Arweave, dYdX, Maker, Avalanche, Karura, Keep Network, Nervos Network, Mina, Filecoin and Stacks. Among these 30 most invested assets, Terra (LUNA) emerged as the coin with the highest market value in circulation. As we reported as Kriptokoin.com, last quarter LUNA was behind Solana, Polkadot and Avalanche in this metric. For this reason, Messari experts think that this development marks an important development for Terra.
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