Paradigm Ranks First in KaitoAI's Latest Crypto Venture Capital Rankings

with an 11.80% performance metric, followed by Dragonfly, Alliance, a16z, and 1kx.

Paradigm leads the way in KaitoAI's latest crypto venture capital rankings with an 11.80% performance metric. Close behind is Alliance at 10.64%, followed by Dragonfly with 8.32% of total VC funding. a16z crypto ranks fourth at 6.94%, and Multicoin Capital completes the top five with 5.86%.

Founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, crypto venture capital firm Paradigm has a track record of backing crypto projects before they explode in popularity. They were early investors in Uniswap (UNI) and dYdx, a key player in the decentralized derivatives market.

Paradigm has also been a consistent backer of Optimism (OP), an Ethereum scaling solution focused on reducing congestion and lowering transaction fees. It also led a $255 million funding round for StarkNet, another popular Ethereum scaling network that utilizes zero-knowledge rollups to improve transaction efficiency and scalability.

Dragonfly participated in early funding rounds for major projects like Avalanche (AVAX), which is in the top 20 cryptos by market cap, and NEAR Protocol (NEAR), currently leading top AI tokens by market capitalization, according to Coinmarketcap. It was also an early investor in Compound, a prominent DeFi lending and borrowing protocol, and MarkerDAO, the creator of Dai (DAI).

Alliance, a crypto accelerator for early-stage Web3 startups, recently backed Story Protocol (IP), which joined the top AI tokens by market cap. It also funded Manta Network and Pump.fun meme coin launchpad hosted on Solana (SOL).

The most notable investments of the Andreessen Horowitz cohort include Coinbase, which has become one of the largest crypto exchanges globally. a16z also backed Uniswap, Celo (CELO), and Compound, and Dapper Labs (the company behind CryptoKitties).

Multicoin Capital's top investments include Solana and decentralized storage network Arweave (ARWEAVE). It also backed Helium (HNT) and The Graph (GRT).

Here's a look at the top 20 crypto venture capital firms according to KaitoAI:

Variant - 5.69%

Multicoin Capital - 5.86%

6MV - 5.26%

1confirmation - 4.48%

Electric Capital - 3.61%

Mechanism Capital - 3.49%

Maven 11 - 3.23%

Framework Ventures - 2.95%

Delphi Digital - 2.95%

Primitive Ventures - 2.00%

CoinFund - 1.86%

Robot Ventures - 1.80%

BITKRAFT Ventures - 1.25%

Signum Capital - 1.38%

Pantheon Ventures - 1.07%