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Dragonfly

Dragonfly

Venture Capital
Chinese Mainland, United StatesEst. Jan 1, 2018142 investments

Portfolio

142
Saddle Finance
Saddle Finance

Decentralized automated market maker

Funding$4.3MAug 2023
Lumina
Lumina

Making Solana transactions easy to visualize

Funding
Renegade
Renegade

Web3-ready financial services platform

Seed$3.4MFeb 2023
Animoca Brands
Animoca Brands

Web3 game software company and venture capital company

Strategic$50.0MOct 2023
Megapot
Megapot

Jackpots on Base

Funding
MetaStable Capital
MetaStable Capital

Early-stage crypto venture capital firm

Funding
Pump Protocol
Pump Protocol

The protocol for token distribution and coordination

Funding
Galxe
Galxe

Web3 credential data network

Funding$15.0MMay 2021
Penumbra
Penumbra

Privacy cross-chain network

Seed$4.8MNov 2021
Babel Finance
Babel Finance

Cryptocurrency financial institution

Funding
Dune
Dune

Data platform for the open web

Funding
Castle
Castle

The smart wallet for NFT collectors

Pre-Seed$1.5MJun 2022
Ancient8
Ancient8

Infrastructure for GameFi

Private$6.0MJun 2022
RouteMesh
RouteMesh

Intelligent RPC routing layer

Funding
Bribe Protocol
Bribe Protocol

Decentralized governance voter incentive protocol

IDO$1.5MJan 2022
Cassava Network
Cassava Network

AI-first social data value mining protocol

Funding
Blast Royale
Blast Royale

WEB3 battle royale game

Seed$5.0MApr 2022
LI.FI
LI.FI

Cross-chain bridge aggregation protocol

Funding$29.0MDec 2025
Bitmain
Bitmain

Manufacturer of digital currency mining

Funding$442.0MAug 2018
Orderly Network
Orderly Network

Liquidity platform

Funding
Skynet Labs
Skynet Labs

The blockchain company behind Siacoin

Funding
Slingshot
Slingshot

Creative incubation DAO

Funding
August
August

Institutional On-Chain Finance Protocol

Funding
Cozy Finance
Cozy Finance

DeFi Risk Management Protocol

Funding
Bitget Wallet
Bitget Wallet

Multi-chain Web3 wallets and everyday financial applications

Funding$30.0MMar 2023
Anchor Protocol
Anchor Protocol

Decentralized money market

Funding
OpenWav
OpenWav

Next-generation music platform

Funding
TaxBit
TaxBit

Tax and accounting solution

Funding
Flashbots
Flashbots

Research and development company focussed on MEV

Funding
AFAR
AFAR

Decentralized RPC network

Funding
Domination Finance
Domination Finance

Decentralized Trading Platform

Funding
ConsenSys
ConsenSys

Ethereum and decentralized protocols software company

Series D$450.0MMar 2022
VelaFi
VelaFi

Stablecoin-based Financial Infrastructure

Funding
DerivaDEX
DerivaDEX

Decentralized derivatives exchange

Funding$2.7MJul 2020
Rhea Finance
Rhea Finance

Decentralized lending-borrowing protocol

Seed$5.0MMar 2022
Internet Game
Internet Game

The Web3 mini-game battle royale

Funding
Arbor Finance
Arbor Finance

Tokenized bond marketplace for on-chain entities

Funding
JDI Global
JDI Global

Web3 hardware manufacturer

Funding
Prodia
Prodia

Distributed cloud computing firm

Funding
42
42

On-chain prediction market platform

Funding$7.2MJan 2023
Quadrata
Quadrata

Web3 passport network

Seed$7.5MJul 2022
Rumpel
Rumpel

Turn Points into Profit

Funding
Everyrealm
Everyrealm

Gateway to the metaverse real estate

Funding
Thesis
Thesis

Cryptocurrency venture studio

Series A$21.0MJul 2021
MyPrize
MyPrize

Gambling-type GambleFi ecosystem

Funding
Mahjong Verse
Mahjong Verse

On-chain theme park for all Mahjong lovers

Funding
Funes
Funes

Digital heritage platform

Funding
TRLab
TRLab

Art NFT Platform

Funding
LiquiFi
LiquiFi

Enterprise Token Management Solutions

Funding
BIT
BIT

Digital asset financial services platforms

Series C$100.0MAug 2021
MetaStreet
MetaStreet

Liquidity protocol for NFT credit markets

Funding
CryptoSlam
CryptoSlam

Multi-chain NFT data aggregator

Funding
Lemma Finance
Lemma Finance

The basis trading protocol

Funding
Codex
Codex

Stablecoin payment infrastructure

Funding
Branch
Branch

Building next-gen captivating social games in web3

Funding
DAWN
DAWN

Decentralized wireless network

Series B$13.0MDec 2025
hawku
hawku

Marketplace for utility and gaming NFTs

Funding
Revel
Revel

An NFT collecting and trading platform

Seed$7.8MDec 2022
Hibachi
Hibachi

Decentralized trading protocol

Funding
Crusoe Energy
Crusoe Energy

Green energy company

Funding
Context
Context

Watching wallets of friends, influencers, DAOs, and celebrities

Seed$19.5MApr 2022
Opyn
Opyn

DeFi Options Platform

Funding$6.7MFeb 2021
Gelato Network
Gelato Network

Web3’s automation and relayer network

Seed$1.2MJan 2024
HelloTrade
HelloTrade

Web3 trading platform

Funding
Parcel
Parcel

Tool Suite for DAO

Funding
Cega
Cega

Exotic derivatives protocol

Funding
OneKey
OneKey

All-in-one crypto wallet

Funding
Sipher
Sipher

multiplayer looter shooter ARPG

Seed$6.8MSep 2025
Debt DAO
Debt DAO

DeFi’s debt marketplace

Seed$3.6MJul 2022
Drakula
Drakula

NFT social media network

Seed$7.6MMay 2021
Vibra / African Blockchain Lab
Vibra / African Blockchain Lab

Crypto social trading app

Funding
Inversion
Inversion

The blockchain that drives traditional businesses onchain

Funding
Spindl
Spindl

Onchain Ads and Attribution Platform

Funding
Encode Club
Encode Club

Web3 education community

Funding
Gondi
Gondi

Lending and borrowing protocol

Seed$5.3MJul 2023
Metatheory
Metatheory

Web3 interactive media company

Funding
MAITRIX
MAITRIX

Stablecoin protocol for AI

Funding
Stables Labs
Stables Labs

Synthetic USD Stablecoin

Funding
JPG
JPG

---

Funding
Paradigm
Paradigm

A Decentralized Relay Protocol

Funding
RenrenBit
RenrenBit

Crypto lending platform

Funding
Skolem Technologies
Skolem Technologies

Providing data and trade execution services for DeFi markets

Funding
Stablehouse
Stablehouse

Full service digital assets investment platform

Funding
Questbook
Questbook

Authorization Management Tool

Funding
InfStones
InfStones

Blockchain infrastructure provider

Funding
Medallion
Medallion

A platform that connects music artists and fans

Funding
Debank
Debank

Multi-chain portfolio tracker

Funding$25.0MOct 2022
GoldSky
GoldSky

Web3's Realtime Data Platform

Funding
Perpl
Perpl

Monad's native pricing engine

Funding
Ripple
Ripple

Global cross-border payment network

Funding$500.0MNov 2025
Polygon
Polygon

Decentralised Ethereum scaling platform

Funding$450.0MFeb 2022
NEAR Protocol
NEAR Protocol

Layer-one blockchain

Funding$350.0MApr 2022
Polymarket
Polymarket

An unbiased, real-time prediction market

Funding$600.0MMar 2026
zkSync
zkSync

A scaling and privacy engine for Ethereum

Series C$200.0MNov 2022
1inch
1inch

Decentralized Exchange Aggregator

Series B$175.0MNov 2021
Monad
Monad

High-performance layer 1 blockchain

Funding$188.0MNov 2025
Avalanche
Avalanche

Decentralized blockchain

Funding
Mantle Network
Mantle Network

Ethereum L2 scaling for the future of finance

IDO$356.0MOct 2025
Cosmos
Cosmos

The Internet of Blockchains

Series A$9.0MMar 2019
Celo
Celo

Mobile-first public chain

ICO$10.0MApr 2020
Kaito
Kaito

Distribution center of crypto

Funding
SHRAPNEL
SHRAPNEL

Multiplayer first-person shooter

Funding
Caldera
Caldera

Customizable and application-specific layer-two blockchains

Series A$15.0MApr 2026
SynFutures
SynFutures

Trade any asset, create futures in seconds.

Series B$22.0MOct 2023
Avail
Avail

Modular blockchain focused on data availability

Series A$43.0MJun 2024
Sky
Sky

Decentralized lending platform

Funding$7.0MMar 2020
Ethena
Ethena

ETH based delta-neutral stablecoin

Strategic$14.0MSep 2025
Lido
Lido

Daily staking rewards, no lockups

Funding$25.0MAug 2022
Mina
Mina

Lightweight Blockchain

Private$92.0MMar 2022
MegaETH
MegaETH

Ultra high-performance real-time EVM L2

Community$10.0MDec 2024
MyShell
MyShell

Decentralized AI consumer layer

Funding$11.0MMar 2024
Hashflow
Hashflow

Decentralized Trading Platform

Series A$25.0MJul 2022
BitMEX
BitMEX
Funding
Aevo
Aevo

A next-generation options exchange

Funding
Frax
Frax

Stablecoin Protocol

Funding
UMA
UMA

Optimistic-based oracle

Funding
Juno
Juno

Open source network for decentralized interoperable applications

Funding
Ethlas
Ethlas

Web3 gaming company

Seed$6.0MMar 2022
DoubleZero
DoubleZero

A new Internet optimized for distributed system

Funding$28.0MMar 2025
RSS3
RSS3

Open Information Layer

Funding$10.0MApr 2023
PoolTogether
PoolTogether

Crypto-powered savings protocol

Funding$6.0MMay 2021
Rain
Rain

Crypto card issuing and stablecoin platform

Funding
dYdX
dYdX

Decentralized Exchange

Series C$65.0MJun 2021
Aurigami
Aurigami

Lend, borrow, and earn with ease on Aurora

Funding
usd.ai
usd.ai

The yield-bearing synthetic dollar

Series A$13.0MApr 2026
Gauntlet
Gauntlet

Simulation platform for on-chain risk management

Funding
Level
Level

Stablecoin protocol backed by restaked dollar tokens

Funding$2.6MMar 2025
WOO Network
WOO Network

Deep liquidity network

Funding$9.0MJan 2024
Juicebox
Juicebox

---

Funding
Common
Common

Cross-functional governance and community management platform

Funding$20.0MMay 2022
Sanctum
Sanctum

Solana 's LSD Protocol

Seed$350KApr 2024
Dora
Dora

Multi-chain search engine and explorer

Funding
Aptos
Aptos

Scalable layer 1 blockchain

Series A$150.0MJul 2022
Blowfish
Blowfish

Crypto firewall provider

Funding
Axelar
Axelar

Decentralized cross-chain communication network

Funding$30.0MMar 2025
Morph
Morph

The Settlement Layer for a Global Payments Network

Seed$20.0MMar 2024
Save
Save

Decentralized lending-borrowing protocol

IDO$26.0MNov 2021
Parallax
Parallax

Cross-border payment platform

Funding
Kaiko
Kaiko

Crypto market data provider

Funding
Hedgehog
Hedgehog

Digital asset focused investing app

Seed$1.6MAug 2021
Aurora
Aurora

EVM built on the NEAR Protocol

Funding$12.0MOct 2021
Saffron Finance
Saffron Finance

Decentralised risk exchange protocol

Funding

News

damn he’s gonna beat me to it https://x.com/polymarket/status/2059685533253537842

@drnickaMay 2026

In building new technology, new features and use cases can often emerge organically. Today, a new use case for the DoubleZero network has been found: Geolocation Verification. Here's what it is and how you can request to pilot it ↓

@austin_federaMay 2026

It turns out you can do a lot with a global fiber network besides move data. https://x.com/doublezero/status/2059628763541828063

@austin_federaMay 2026

Cross-entity signal: Sell $97 No side on Will XRP reach $1.50 May 25-31? with $97. Resolves Jun 1, 2026. Tags: XRP, Rip

polymarketMay 2026

JUST IN: Rumble stock soars +6.5%. https://x.com/Polymarket/status/2059662379495920061

@polymarketMay 2026

Trump Praises Crypto As Warren Presses Ripple in High-Stakes Clash

DailyCoinMay 2026

Monad daily stats | May 27

@monscope_xyzMay 2026

.@ilblackdragon (co-author of the transformer paper) joins @kaiynne, @tayvano_ , and @LucaNetz on Uneasy Money today. NEAR Confidential Intents. DeFi's $840M hack year. Vitalik's retreat. Polymarket's Panama problem. Watch live at 4pm ET Join us on: X - https://t.co/AohKSQ4sNg YouTube - https://

@laurashinMay 2026

Brazil’s Digital Real Just Went Global, Powered By Polygon Capa (@capa_fi) integrates the BRL1 Stablecoin (@BRL1Coin) on Polygon (@0xPolygon) to enable direct on-chain FX settlement between Brazil and global markets. This integration allows Brazilian businesses to settle transactions with counter

@BSCNewsMay 2026

Aave is joining the Transparency Alliance as a founding member alongside @coinbase, @BinanceUS, @Anchorage, @GSR_io, @ri

aaveMay 2026