Messari: Binance Labs emerges as the most active investment institution in the past six months

Research firm Messari has compiled data on the number of institutional investments made in the past six months, with Binance Labs leading both in terms of the quantity of investments and as the top lead investor.

How did Binance Labs grow to become the most well-resourced crypto-focused venture capital firm with a $9 billion valuation?

Binance Labs Emerges as the Most Active Venture Capital Institution

Research institution Messari reported that over the past six months, Binance Labs has completed 17 investment transactions, with 14 of them being lead investments. The number of lead investments by Binance Labs far exceeds that of other institutions.

In addition, Binance Labs also provided follow-up funding for Maverick Protocol and Radiant Capital, and announced a private investment in Pendle Finance.

Messari: Emerging Protocols Gaining Binance's Favor

Research institution Messari stated that Radiant Capital, Pendle Finance, and Maverick Protocol have gained Binance's favor after gaining popularity on emerging Layer 2 solutions. This is also a strategic shift to encourage established DeFi protocols to expand to the Binance Smart Chain (BSC).

Active Venture Capital Institutions in the Past Six Months

According to the Messari chart, Coinbase Ventures made 14 investments, closely following Binance Labs, but most were not lead investments. Other institutions include Big Brain Holdings and Balaji Srinivasan, former CTO of Coinbase.

Controversial DWF Labs also had a lead investment count second only to Binance Labs, but due to its record of categorizing market-making services as investments, it should be viewed differently from traditional venture capital.