Dragonfly

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Dragonfly is a global investment firm focused on the digital asset, blockchain, and DeFi ecosystems. With a mission to support and invest in the most promising projects in the crypto space, Dragonfly combines deep industry knowledge, a diverse global network, and strategic insights to identify opportunities that drive innovation and long-term value. As an active participant in the Web3 landscape, Dragonfly partners with visionary teams and projects that are building the foundational infrastructure for the future of finance and technology. Through a multi-strategy investment approach, Dragonfly is committed to accelerating the growth and adoption of blockchain technology worldwide. Dragonfly consists of Dragonfly Ventures, Dragonfly Liquid, and Metastable.

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2026-04-21 08:00

Dragonfly Partner: DeFi Evolves Through Failures, System Exhibits Resilience and Self-Healing Capabilities

Odaily News Dragonfly partner Haseeb Qureshi posted on X, stating that DeFi grows precisely through repeated failures. From the Terra collapse, the "Black Thursday" liquidation failures in 2020, to the stETH depegging event in 2022, the industry has faced repeated setbacks, yet it progresses with each correction. This process is no different from the development path of traditional finance, such as the 2008 financial crisis or the Savings and Loan Crisis in the 1980s, where systems were refined through crises.Haseeb emphasized that these failures are not fatal; the core of DeFi still possesses risk control and system resilience. For example, Aave, even when facing potential bad debts, has sufficient capital buffers to cope. He believes that the intense discussions surrounding improvement proposals are precisely the key mechanism driving the continuous evolution of DeFi, and reiterated his long-term optimism for DeFi and its community development.

Aave

Terra

2026-04-16 18:56

Crypto markets are sluggish, and most top-tier VCs have seen a significant decline in their AUM.

According to Fortune, during the 2025 crypto market downturn, major crypto-focused venture capital firms—including Paradigm, a16z, and Multicoin—generally saw declines in their assets under management (AUM). Specifically, a16z’s four crypto funds experienced an almost 40% drop in AUM to $9.5 billion compared to 2024; however, the firm had already distributed capital to limited partners (LPs) at market highs, with its first crypto fund achieving a distribution-to-paid-in (DPI) ratio of 5.4—demonstrating standout returns. Multicoin’s AUM fell by roughly half from its peak to approximately $2.7 billion. Pantera Capital also completed exit distributions via the IPOs of five portfolio companies, including Circle and BitGo. In contrast, Haun Ventures grew its AUM by over 30% year-on-year to around $2.5 billion. Currently, institutions including Paradigm, a16z crypto, and Dragonfly are actively raising new funds, with a combined target size exceeding $4.2 billion.

Dragonfly Receives $55.8 Million Worth of LIT Tokens, Locked Until December 2026

According to on-chain analytics platform Arkham (@arkham), Dragonfly received 55.8 million LIT tokens from Lighter. If these tokens represent investor allocations, they will be locked for one year starting from the TGE and then linearly vested over three years, with the earliest possible circulation date being December 30, 2026.