Cryptocurrency research firm Messari analyzes the most commonly held altcoins in the portfolios of crypto-oriented venture capital firms (VCs) and hedge funds.
Messari assumes that most funds hold Bitcoin and Ethereum – and therefore excludes them from his report.
Aside from Bitcoin and Ethereum, the Polkadot (DOT) interoperability protocol topped the list of 35 crypto assets in Messari’s research, held by 19 of 44 companies.
In second place is the DeFi Terra (LUNA) payment network. According to Messari, 13 funds are interested in Terra’s success.
The public blockchain protocol Proof-of-Stake (POS) NEAR and the data protection-enabled blockchain platform Oasis Network (ROSE) are in third place with 12 companies and investment funds.
Source: Messari
Eleven companies and funds hold Solana (SOL), a scalable blockchain. The ten companies and funds hold the Keep Network Secure Layer (KEEP) blockchain, DeFi Maker (MKR) assets, and the Nervos Network (CKB) public blockchain ecosystem.
DODO (administrative token for the DODO exchange), Filecoin decentralized storage project (FIL), Skale Layer-2 Scaling Network (SKL), Bitcoin Stacks (STX) developer project, The Graph Data retrieval protocol (GRT) and the decentralized exchange Uniswap (UNI) are both owned by 9 of the leading crypto VCs and hedge funds.
Another 21 assets are owned by eight or fewer of the surveyed companies and funds.
Messari highlights peer-to-peer software maker Radical (RAD), liquidity providers Lido DAO (LDO), Oasis, DODO, and multi-token Automated Market Maker Balancer (BAL), calling them Diamonds, which are VC-funded raw are. According to Messari, these digital assets have the lowest market capitalization among 35 cryptocurrencies with over six smart money investors.
Mr. Teacher
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…
Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.
See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…
Gros Islet, St. Lucia, 22nd November 2024, Chainwire
Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…
The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…
This website uses cookies.