What's in VC Wallets?

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Curious about the top crypto VCs' wallet holdings?

Let's dive in and see where they're placing their bets!

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The thread is inspired by @pangestu_karon, founder of @launchy_

This data is from @ArkhamIntel's dashboard.

It keeps track of select crypto VCs’ wallets.

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@paradigm

• Focus on ETH (US$184M)) and LDO (US$149M)
• All in on ETH staking and LSD protocols
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@a16z_crypto

• DeFi heavyweights like UNI(US$82M)
• Known for active DAO governance participation
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@SymbolicInd

• Diversified: ETH (US$23M), USD stablecoins(US$22M), BTC(US$10M)
• Standard index-like exposure to crypto markets
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@GSR_io

• GALA(US$11M), USDC(US$10M) and HFT(US$8M) in focus
• GALA is a utility token used in the Gala Games ecosystem where players can play to earn.
• HFT is a cross chain swap.
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@paraficapital

• ETH (US$13M)and CBETH (US$34M)on the radar
• Embracing the ETH staking narrative
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@SpartanGroup

• Heavily holding in C98 (US$2M), BETA (US$1M), and GAL (US$1M)
• C98 is a DeFi protocol started in Vietnam and has a big focus in Southeast Asia.
• BETA is money market DeFi protocol for borrowing and lending crypto assets.
• GAL is the token of Galxe, a DAO building web3 communities with on-chain credentials and NFT integrations.
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@BlockTower

• NXM (US$8M)and MKR (US$9M) take center stage.
• MKR is a leading stablecoin protocol (DAI)
• NXM is a DeFi insurance platform.
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@polychaincap

• COMP (US$12M) and ROOK (US$5M) lead the way.
• COMP is a leading lending protocol.
• ROOK is a neutral MEV marketplace.
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@MechanismCap

• CQT(US$10M) is their focus.
• Covalent is a blockchain data provider that supports queries and infrastructure for 60+ blockchains.
• The CQT token is mainly used for governance and staking.
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@PanteraCapital

• ETH (US$24M)and stETH (US$4M) in the spotlight
• Fully committed to ETH staking
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@blockchaincap

• ETH (US$20M), MATIC (US$18M), AAVE (US$16M), and UNI (US$14M)
• Blue-chip holdings in ETH and DeFi protocols
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@dragonfly_xyz

• BGB (US$23M) and LDO (US$22M) investments
• BGB is the native token of Bitget exchange, which has been expanding aggressively in recent months. Dragonfly invested $10M in Bitget in April 2023.

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