TechFlow, September 10 — According to The Information, Solana's surge has improved the performance of a16z's cryptocurrency fund. It is reported that a16z raised a record $4.5 billion crypto fund in May 2022, which initially appeared poorly timed as Bitcoin prices later fell 55% from their peak and Coinbase's stock price dropped nearly 80%. However, the crypto investment firm is now seeing paper returns, with the fund's performance surpassing that of other funds raised during the 2020-22 pandemic investment boom, according to certain metrics.
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