Post #11670

Dragonfly closes $650M Fourth Fund Dragonfly Capital has successfully raised $650M for its fourth fund, despite what it describes as a "mass extinction" in the blockchain venture capital sector. The firm remains optimistic about the future of crypto financialization, focusing its investments on stablecoins, on-chain financial infrastructure, and the tokenization of RWA. Listed Portfolio Projects (FDV) Avalanche $AVAX - $4.27B Monad $MON - $2.21B Ethena $ENA - $1.81B Lighter $LIT - $1.58B Near $NEAR - $1.37B Upcoming portfolio projects:Polymarket, MegaETH, USD.AI, Variational, and Hibach 🔗fortune.com/2026/02/17/dragonfly-fourth-fund-crypto-venture-capital-blockchain-polymarket-ethena @TOP7ICO