Shanzhai coin investment portfolio | Aggregating holdings of crypto venture capital firms, Polkadot surpasses various DeFi assets to claim the top spot.

The crypto research firm Messari has compiled the holdings of 35 major crypto venture and hedge funds, including Coinbase Ventures, Pantera, Polychain, and a16z. Among their investment portfolios, Polkadot (DOT) emerges as the top holding.

Investing like a Venture Capitalist

"Investing like a crypto fund" is the slogan of Messari. Of course, they are also promoting their paid portfolio browsing tool, which requires a premium membership to view complete data. However, even non-members can access most of the data.

Within Messari's aggregation of institutional liquidity portfolios, equity financing and projects not yet launched on the mainnet are not included. Analyst Mason Nystrom listed several top institutions they track, including:

• Three Arrows Capital
• Coinbase Ventures
• DragonFly Capital
• A16Z

Institutional Holdings Highlight: Polkadot DOT

As of April 1st this year, Polkadot DOT ranked first with 14 votes, while the rankings of other projects are as follows:

• 10 votes: Keep Network KEEP
• 10 votes: Uniswap UNI
• 9 votes: Compound COMP
• 9 votes: Filecoin FIL
• 9 votes: Maker MKR

yearn.finance YFI

Mason Nystrom pointed out that besides Bitcoin, YFI is the only project that has not allocated assets to internal teams, venture funds, or any investors, and is based on fair distribution principles.

Institutions like Polychain and Framework obtained YFI through liquidity mining or public market trading.

However, it has been reported that yearn previously passed a proposal to increase the maximum supply by 22%, issuing 6,666 YFI, with approximately one-third allocated to core developers as rewards with a lockup period and two-thirds reserved for future project development funds.

It is worth noting that despite the attractive potential gains of altcoins, these venture capital institutions still hold Bitcoin and Ethereum, although they are not listed on the chart. This also highlights the importance of asset allocation, as mainstream coins tend to experience relatively lower declines during significant market corrections.