Dragonfly Capital Just Closed $650M Fund IV - The Biggest Crypto VC Raise of 2026.


While crypto VCs face a "mass extinction event," Dragonfly exceeded its $500M target.
Every Dragonfly fund was raised in a bear market and those became their best vintages.
Fund I → 2018 ICO crash
Fund III → Before Terra-Luna collapse
Fund IV → Now, amid 46% BTC drop from ATH
Focus: Stablecoins, DeFi, RWAs, on-chain payments.
Key bets: Ethena, Polymarket, Mesh, Monad Labs, Cosmos.
ENA-1,83%
ATOM8,96%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)