The rise of Solana boosts the investment performance of a16z's cryptocurrency fund

ChainCatcher news, according to The Information, Solana's rise has improved the investment performance of a16z's cryptocurrency fund. It is reported that a16z raised a record $4.5 billion cryptocurrency fund in 2022, but at that time it seemed to have missed the market timing, as Bitcoin's price subsequently fell by 55% from its peak, and Coinbase's stock price also dropped by about 80% at one point. However, now this cryptocurrency investment firm has started to see returns at least on paper, and by some metrics, the performance of this crypto fund has already surpassed that of other funds raised during the investment boom from 2020 to 2022.