JUST IN: Uniswap Protocol hits $3T all-time volume on Ethereum https://t.co/ZZZhz0tNWx
JUST IN: Uniswap Protocol hits $3T all-time volume on Ethereum https://t.co/ZZZhz0tNWx
Because it is bullish on the current crypto fundamentals, a16z announced the launch of a $2.2 billion crypto fund, focusing on stablecoins, AI agents, perpetual contracts, lending, prediction markets, and tokenized assets.
Although it is half the size of the $4.5 billion fund from 2022 (which was then the largest single crypto fund ever), at this point top-tier VCs are putting real money in, suggesting the worst phase has passed. Moreover, this $2.2 billion fund is only second to their $3.4 billion AI fund this year, making it their second-largest fund, which underscores its significance.
The fund is led by Chris Dixon, who joined a16z in 2013 and has successfully backed projects such as Coinbase, Uniswap, Compound, OpenSea, Dapper Labs, and Solana.
In fact, earlier this year a16z announced that it had raised over $15 billion, with a focus this year on crypto and AI.
At the same time, former a16z partner Katie Haun announced her new fund raised $1 billion, also targeting crypto and AI.
⚡ Flash News
🗳️ Uniswap reviews its delegated power
The DAO votes to return 12.5 million $UNI delegated to the Uniswap Foundation and active delegations to the Governance Timelock to regain direct control.