Introduction
The crypto investment landscape in 2021 witnessed unprecedented growth across multiple sectors:
- DeFi continued its expansion, with total value locked (TVL) reaching new heights
- GameFi, NFT, and metaverse projects gained mainstream attention
- Emerging Layer 1 blockchains like Solana and Avalanche reshaped the ecosystem
This analysis examines 14 leading venture capital firms through key metrics: ROI, sector distribution, and portfolio performance.
Key Findings
Portfolio Highlights
- Most active investors: a16z, Three Arrows Capital, Binance Labs
- Highest ROI projects: AXS (20,240%), SOL (12,966%), MATIC (16,429%)
- Top performers: 3 firms achieved 100% positive portfolio growth
VC Performance Breakdown
a16z Crypto
Focus: DeFi (57%) & L1 chains (22%)
Portfolio:
✅ 63 launched projects
📈 75% positive growth
🚀 3 100x gems (AXS, MATIC, SOL)
Pipeline: 37 pre-launch projects (46% infrastructure)
👉 Discover a16z's investment strategy
DCG
Highlights:
✅ 90% portfolio growth
🏆 SOL as top performer (12,966x)
📊 55% projects in 1-10x range
Sector focus:
- DeFi (56%)
- L1 chains (28%)
Binance Labs
Standout:
🎯 4 100x projects (most among peers)
🔥 90% positive growth
🌐 Most diversified portfolio
FAQ:
Q: Which VCs outperformed in GameFi?
A: Animoca Brands (71% GameFi focus) and #HASHED delivered exceptional results.
Sector Trends
| Category | Leading VC | Portfolio % |
|---|---|---|
| DeFi | Three Arrows Capital | 83% |
| GameFi | Animoca Brands | 71% |
| Infrastructure | Paradigm | 74% |
Conclusion
2021 demonstrated:
- DeFi dominance in VC allocations
- Emerging sectors (GameFi/NFT) showing future potential
- Clear outperformance by specialized firms
Methodology: Analyzed 300+ projects across 14 firms. Price data in USDT.