Partnered With:

2020 investment landscape of well-known institutions at home and abroad: Which invested projects will be potential stocks?

Read this article in 31 Minutes

Which projects are active institutions investing in?

2020 has come to an end, and the encryption market has experienced a trough this year but has also grown rapidly. The price of Bitcoin has exceeded 20,000 US dollars for the first time since its birth, the market value of encryption has reached a new high, DeFi is on the rise, and NFT is emerging.... This field is undergoing great changes.

As the market warms up, investment institutions are becoming more active. Even many funds in traditional fields have set their sights on encryption projects. According to statistics from overseas media The Block, nearly a thousand blockchain-related investment transactions occurred this year. Along with these transactions, The Block selected 10 active crypto funds in 2020.

These active funds include: Alameda Research, Coinbase Ventures, CoinFund, ConsenSys Labs, Digital Currency Group, Dragonfly Capital, Hashkey Capital, NGC Ventures, Pantera Capital and Polychain Capital.

DeFi projects are the most popular among investors, accounting for about 31% of their investments.

Rhythm BlockBeats added some missing investment institutions at the end of the article, such as: Multicoin Capital, IOSG, Paradigm, etc. These funds have also invested in the crypto space in 2020 and are watching the development of infrastructure.

The following is the original text of The Block Research:

The Block analyzed 873 blockchain-related investment transactions this year and selected the most active ones in 2020 Top 10 Crypto Funds.

The top 10 most active funds were plotted using Pitchbook, Crunchbase and The Block's own information retrieval. Top 10 active funds and their investments in 2020:

Six of the 10 most active funds in 2019 are again the most active funds in 2020. These firms include Coinbase Ventures, Digital Currency Group (DCG), Dragonfly Capital, NGC Ventures, Pantera Capital, and Polychain Capital. (The 2019 report " 2019 investment map of well-known domestic and overseas institutions: which ones are invested Will the project be a potential stock?")

Five companies that were not on the list last year but are new to the list this year Among the new funds are Alameda Research, CoinFund, ConsenSys Labs and Hashkey Capital.

Among the projects that have received investment, Acala Network, Amber Group and Dune Analytics have attracted the attention of a large number of investors. The top ten active funds contributed approximately 50% of Acala Network's financing. Four of the top ten active funds invested in Amber Group and Dune Analytics.

2020 List of Most Active Blockchain Investors by Category

This year, venture funds Coinbase Ventures had the most investments with 25 deals. Coinbase Ventures investments are very broadly spread, with no single project accounting for more than 20% of its total investments this year.

Alameda Research, the second most active investor this year, is much more concentrated. More than half of Alameda's investments are in DeFi projects, and trading and trading platform related projects are the second largest category. The Hong Kong-based crypto quantitative trading firm has seen a notable increase in transaction flow this year, with strategic investments benefiting FTX and Serum.

Among all funds, DCG is still a fund focused on banking and payment, which invested in Avanti Financial Group, Circle, Coinme, Lolli, Transparent Systems, and wyre.

The most popular investment category

One of the main investment trends this year is to provide investment for DeFi applications. The success and quality of new deals has attracted participation from funds or firms that had little exposure to this subsector at the start of the year. As we previously noted in our Q3 investment roundup, the DeFi space is the most popular category, accounting for approximately 20% of all venture capital investment.

The investment trend of the top ten active funds this year and the correlation with industry development have improved. Among the 121 invested companies , there are 37 companies related to the DeFi field.

For the convenience of readers, Rhythm BlockBeats summarizes the projects invested by the above funds and attaches a brief introduction:

Alameda Research:

Perpetual Protocol: AMM Solution

ParaSwap: Decentralized trading platform

Dune Analytics: Blockchain data analysis platform

Linear: Cross-chain Synthetic Asset Trading Protocol

UpBots: Trading Ecosystem Solution

Hedget: DeFi Derivatives Platform

Archax: An encrypted asset company registered with the FCA in the UK

APY.Finance: a liquidity mining aggregation platform

Opium Network: On-chain Derivatives Protocol

Persistence: NFT Bridge Project in the Financial Field

UNION: DeFi Risk Management Protocol

RAMP DEFI: Decentralized Financial Solutions

Mask: Open Source Encryption Products on Social Platforms

3Commas: Intelligent trading terminal, automatic trading robot

Razor: a decentralized oracle

Math Wallet: a general-purpose encrypted asset wallet

Stacked: Smart Encrypted Asset Investment

DODO: Decentralized Trading Platform Based on Active Market Maker Algorithms

CryptoLocally: Cryptocurrency trading platform

OIN: Ontology's first DeFi platform that provides liquidity mining and lending through cross-chain

Frontier: off-chain DeFi aggregation layer

Covalent: Ethereum data analysis startup

Coinbase Ventures:

DODO: Decentralized trading platform based on active market maker algorithm

Dune Analytics: block Chain data analysis platform

CoinDCX: Indian encrypted trading platform

NEAR: A project dedicated to realizing sharding to improve public chain TPS

FALCONX: Cryptocurrency Trading Platform

The Graph: Decentralized Index Protocol

Zora: Online Marketplace for Limited Edition Tokenized Products

Tagomi: A Cryptocurrency Broker

KEEP: A Privacy Protocol Layer on the Ethereum Chain

MULTIS: An Encrypted Asset Bank for Enterprises

CoFiX: A Decentralized Trading Protocol Based on NEST Oracle

AXELAR: Blockchain underlying technology and protocols, tools and API solutions

Blocknative: Data startups

Amber Group : Global encrypted financial service provider

Bitski: Encrypted wallet

Notional: A liquidity pool that gives time value to tokens

Bitso: Latin America's largest encryption trading platform

Arweave: FileCoin-like decentralized storage platform

Coin Metics: Encrypted Financial Data Provider

Zapper: DeFi Development User Meter Startup

Authereum: Decentralized Application Platform

Dapper: Game Development Studio, CryptoKitties Development Studio

Audius: Streaming Media Service Provider

CURV: Cryptocurrency Security Startup

CoinFund:

NEAR: A project dedicated to implementing sharding to improve the TPS of the public chain

LedgerX: An encrypted digital asset trading platform officially approved by the United States

Blockdaemon : Blockchain node provider

API3: Web 3.0 decentralized API service

NUMERAI: Hedging developed around distributed trading algorithms Fund

Archax: UK FCA-registered Encryption Asset Company

Acala Network: Designing Stablecoin and DeFi Ecosystem Company for Polkadot

Dapper: Game Development Studio, CryptoKitties Development Studio

BoardRoom: DeFi Governance Solution

ParaSwap: Decentralized Trading Platform

Stacked: Smart Encrypted Asset Investment

Zapper: DeFi Development User Meter Startup

NFTX: NFT Index Fund Based on Ethereum

Delta Exchange: Cryptocurrency Derivatives Trading Platform

Opyn: DeFi hedging tool

ConsenSys Labs:

Trakx: One-stop Trading Cryptocurrency Trading Index Platform

Cryptio: Accounting and Auditing Enterprise for Digital Assets

Apex:E3: Transaction Analysis Company

Outlet: Decentralization Bank

SimpleID: Increased participation and retention rate tools for blockchain applications

INCENTCO: Performance management cloud platform

Atomic Loans: Decentralized cross-chain lending platform

Fluidity: AirSwap developer

Sorare: Fantasy football Games

PoolTogether: "No Loss Lottery" DeFi project

Quorum: JPMorgan Chase Blockchain Division

HashEdge: A peer-to-peer marketplace for crypto mining and staking, similar to a decentralized "eBay" marketplace

PieDAO: A Decentralized Autonomous Organization for Asset Allocation

Horizon Blockchain Games: Building Decentralized Online Games on Ethereum

ACTUS Protocol: Decentralized Financial Internet Protocol

DCG:

Transparent Systems: Seattle Payments Clearing Company

Zabo: Software-as-a-Service Startup

Horizon Blockchain Games: Building decentralized online games on Ethereum

Skew: Encrypted asset data analysis and transaction execution platform for institutional investors

Lolli: Bitcoin reward platform

Avanti Financial GroupL: A compliance bridge for the USD payment system and a custodian for digital assets

Paradigm: Institutional Grade Platform for OTC Digital Asset Trading Process Automation

CURV: Cryptocurrency Security Startup

The Graph: Decentralized Index Protocol

Circle: Digital Payment Tool, Cryptocurrency Service Enterprise

Acala Network: Stability Design for Polkadot Coin and DeFi Ecosystem Company

Dune Analytics: Blockchain Data Analysis Platform

Jiko: Small Independent Financial Institution

NIFTEX: Self-Service NFT Liquidity Solution

API3: Web 3.0 Decentralized API Service

Fireblocks : A Platform to Secure Digital Asset Transfers

Slingshot: A Decentralized Trading Platform

Coinme: A Bitcoin ATM Company

DECENT: Open source non-profit digital content distribution network

Coin Metrics: Open source blockchain data and analysis project

Dragonfly Capital:

Paradigm: An institutional-level platform for OTC digital asset transaction process automation

Bybit: A trading platform focusing on digital currency perpetual contracts

TaxBit: Cryptocurrency tax software

1inch: Decentralized

DDX: Decentralized Derivatives Trading Protocol

Celo: Digital Payment Platform

BABEL Finance: Comprehensive encrypted financial service provider

NUMERAI: A hedge fund developed around distributed trading algorithms

Amber Group: Global Encrypted Financial Service Provider

Coin Metrics: Open Source Blockchain Data and Analysis Project

Skynet: Decentralization File and application sharing platform

StableHouse: a global digital currency clearinghouse for real-time cross-chain payments

Dune Analytics: blockchain data analysis Platform

Cozy Finance: DeFi Risk Management Company

Opyn: DeFi Hedging Tool

Hashkey Capital:

Infinity Stones: A blockchain company that provides security maintenance for nodes

Blockdaemon: Blockchain node provider

XanPool: Automatic peer-to-peer cryptocurrency to local legal currency gateway

BlockFi: A start-up that provides loans to digital asset owners

Moonbeam: Building a DApp that connects across chains

HashQuark: Focusing on PoS, DPoS and other consensus mechanism public chain blockchain mining pool

Zenlink: Polkadot-based cross-chain DEX protocol

Mask: social Open source encryption products on the platform

O(1) Labs: The world's lightest blockchain Mina development team

Opium Network: On-Chain Derivatives Protocol

Braintrust: A Marketplace Connecting Organizations Directly to Top Tech Talent

BoringDAO: Connecting Blockchain Assets and Infrastructure for the DeFi World

Lightnet: Building the Next Generation Financial Mobile Network on Stellar

Acala Network: Designing Stablecoins and DeFi for Polkadot Ecosystem companies

NGC Ventures:

Banxa: legal currency channel Regulation provider

Phemex: Cryptocurrency derivatives trading platform

Hedget: DeFi derivatives platform

Persistence: An NFT bridging project in the financial sector

Terra Virtua: An NFT digital collectible platform that allows cross-platform interaction

Razor: Go Centralized oracle

Bifrost: a middleware platform between DApps and protocols

Frontier: an off-chain DeFi aggregation layer

Kira Core: Decentralized Solution Using Tendermint and Cosmos SDK

Crust Network: Decentralized Cloud Ecosystem

Reef: Cross-chain DeFi operating system

Polkastarter: DEX that focuses on token cross-chain and auction

CryptoLocally : Cryptocurrency trading platform

O(1) Labs: The world's lightest blockchain Mina development team

Litentry: Web 3.0 Decentralized Identity Management Service

Linear: Task Tracking Tool

Pantera Capital:

bakkt: Compliant digital currency trading platform

NEAR: A project dedicated to implementing sharding to improve public chain TPS

Coinme: Bitcoin ATM company

API3: Web 3.0 decentralized API service

wyre: cross-border payment tool

Amber Group: Global Encrypted Financial Service Provider

Bitso: The Largest Encrypted Trading Platform in Latin America

injective protocol :

Audius: Streaming service provider

Acala Network: Designing stablecoin and DeFi ecosystem company for Polkadot

DODO: Decentralized trading platform based on active market maker algorithm

1inch: Decentralized token trading aggregation platform

Transparent Systems: Seattle Payment and Clearing Corporation

Polychain Capital:

Alpha5: Bitcoin Derivatives Trading Platform

Celo: Digital Payment Platform

Gauntlet: Simulation Test Platform for Encrypted Networks

Notional: Empowering Generation Liquidity Pool of Coin Time Value

CoinDCX: India’s Largest Cryptocurrency Trading Platform

StakerDAO: DeFi Management Platform

Amber Group: Global Encrypted Financial Service Provider

DDX: Decentralized Derivatives Trading Protocol

KEEP: A privacy protocol layer on the Ethereum chain

Acala Network: Designing a stablecoin and DeFi ecosystem company for Polkadot

Liquity: Go Centralized lending agreement

keeperDAO: DeFi’s on-chain liquidity underwriter

Polymarket: trade information market

River Financial: Help users invest in bitcoin businesses and provide technical support

YellowCard: Nigerian cryptocurrency exchange

Rhythm BlockBeats sorted out some investment institutions that were not included in the original text of The Block, and their investment projects in 2020 are as follows:

Multicoin Capital: