Crypto research firm Messari is analyzing the most commonly held altcoins in the portfolios of crypto-focused venture capital firms and hedge funds.
Messari assumes most of the funds hold Bitcoin and Ethereum – and for that reason excludes the top two crypto assets from its report.
With BTC and ETH aside, the interoperability protocol Polkadot (DOT) is at the top of Messari’s list of 35 crypto assets. Polkadot is held by 19 of the 44 firms tracked by the study.
Coming in at number two is decentralized finance (DeFi) payment network Terra (LUNA). According to Messari, 13 funds have a vested interest in Terra’s success.
Proof-of-stake public blockchain NEAR protocol and privacy-enabled blockchain platform Oasis Network (ROSE) are tied at number three with 12 funds invested in the two crypto assets.
Eleven firms hold scalable blockchain Solana