Crypto fund portfolio TVL: $36.5B at 1 fund, 3 names hold 89%

Crypto fund portfolio TVL is the sum of the total value locked across every protocol a fund has backed, and you build it in 4 steps: resolve the fund's rounds to live company rows, keep the rows that carry a TVL figure, sum them, then read the concentration before you trust the total. NAUT tracks 56 live companies backed by Robot Ventures, 37 of them carry a stored TVL figure above 0, and on 11 November 2026 those 37 summed to $36,537,390,574, with LayerZero, Morpho and EigenCloud holding $32,577,555,683 of it, 89.2%.

How this was built: on 11 November 2026 NAUT read every funding round record that carries Robot Ventures as a backer. That is 63 round records. 5 of those companies hold more than 1 record, Reya Network with 4 and 4 others with 2 each, so the 63 records resolve to 56 distinct live, unarchived, publishable company rows. Every one of the 63 records passed the live filter, so no company dropped out at that stage. NAUT then read the stored total value locked figure on each of the 56 rows. 37 carry a figure above 0 and are measured below. The other 19 are out for 1 reason of their own: NAUT stores no figure above 0 against those rows, so there is nothing to add for them, and they are left unnamed here rather than counted as zeros.

What the number is: NAUT stores a total value locked figure per company row, and this article sums that field across 1 fund's backed companies. It is a stock reading taken on the day NAUT read it, so it moves with prices and with deposits, and it is a measure of the protocols rather than of the fund: it says nothing about what Robot Ventures owns, what it paid, or what it is worth. Across NAUT's whole database, 995 live publishable company rows carried a figure above 0 on 11 November 2026, which is the pool the same field is read from everywhere on the site. Robot Ventures sits on 1 NAUT row, so no union of duplicate fund rows was needed.

Source checks: 9 claims from this data went out to outside pages. 2 clear the bar this series uses for a citation, a located quote or a second source, and both are cited below. 6 more came back confirmed, and the runner could not re-fetch the pages they cite, so they carry no citation here. 3 of those 6 were outside readings of LayerZero's, Morpho's and Jito's total value locked, which means no outside TVL number is printed anywhere in this article and every TVL figure here is NAUT's own stored field. 1 claim came back different: the amount NAUT stores for LayerZero's September 2021 Series A against the CoinDesk report of that round, so no LayerZero round amount appears here and LayerZero is left out of the capital table further down. 1 stored value is held back as a defect: the job title NAUT stores for Tarun Chitra on the Robot Ventures row, which the fund's own team page contradicts.

How do you measure crypto fund portfolio TVL in 4 steps?

The method is the same for any fund, and it runs on 1 field plus a sanity check.

• A fund page gives you rounds, so the first job is turning rounds into a clean list of companies.
• Only on-chain protocols carry a TVL figure, so a crypto VC portfolio is always part measurable this way and part not.
• A portfolio total is almost always 1 or 2 protocols wearing a fund's name, so read the concentration before you quote the sum.
• A number is a conversation starter once you have a person's name against it.

Step 1: turn the fund's rounds into a list of companies

A fund's record is a list of rounds, and the same company can appear in several of them. Robot Ventures carries 63 round records on NAUT. 5 companies hold more than 1 record, Reya Network with 4 and 4 others with 2 each, which is 7 records more than there are companies. Deduplicate on the company, drop anything archived, merged or not publishable, and you have 56 live rows. Skip this step and you count Reya Network 4 times.

Step 2: keep the rows that carry a TVL figure, and name what is missing

37 of the 56 rows carry a stored total value locked figure above 0. The other 19 carry none, which is the honest answer rather than a zero: a wallet business, a trading venue, a research team or a chain that NAUT has not read a figure for all land in the same bucket, and adding them in at 0 would make the portfolio look more concentrated than the data says. Say which 19 are out and why, every time you publish a figure like this one.

Step 3: sum the field, then read the concentration

The 37 sum to $36,537,390,574. That total is dominated by 3 rows: $16,316,513,370 at LayerZero, $10,839,652,548 at Morpho and $5,421,389,765 at EigenCloud, together $32,577,555,683, or 89.2% of the whole. The remaining 34 companies share $3,959,834,891, 10.8%. The median of the 37 is $11,166,431, at Kava, and 7 of the 37 sit under $1,000,000. A single headline total, quoted on its own, describes 3 protocols.

Step 4: name the person, then open the door

A portfolio figure gets you a reason to write and nothing more. NAUT lists 1 person on the Robot Ventures row, Tarun Chitra, whom the fund's own team page lists as Managing Partner (team page, with the same title on a Private Equity International profile). For the protocols themselves, each of the 37 company pages on NAUT carries its own team, which is the faster route when your pitch is to a protocol rather than to the fund. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Which companies hold the crypto fund portfolio TVL?

All 37 Robot Ventures holdings that carry a stored TVL figure on NAUT, ranked by that figure, largest first, read on 11 November 2026.

#	Company	TVL on NAUT	Share
1	LayerZero	$16,316,513,370	44.66%
2	Morpho	$10,839,652,548	29.67%
3	EigenCloud	$5,421,389,765	14.84%
4	Jito	$879,080,147	2.41%
5	Fluid	$607,367,615	1.66%
6	Lombard	$514,540,284	1.41%
7	Backpack	$503,674,445	1.38%
8	Huma Finance	$360,524,098	0.99%
9	Mellow Protocol	$246,182,986	0.67%
10	Drift Protocol	$240,532,669	0.66%
11	Liquity	$148,915,733	0.41%
12	Axelar	$131,109,303	0.36%
13	Renzo Protocol	$95,302,472	0.26%
14	Arrakis	$53,078,799	0.15%
15	ExponentFinance	$44,876,752	0.12%
16	Scroll Network	$29,068,276	0.08%
17	Phoenix	$23,147,668	0.06%
18	Aevo	$14,888,344	0.04%
19	Kava	$11,166,431	0.03%
20	Reya Network	$9,904,714	0.03%
21	Osmosis	$8,969,416	0.02%
22	Moonwell	$8,069,531	0.02%
23	Resolv	$6,152,757	0.02%
24	Eclipse	$4,471,088	0.01%
25	MegaETH	$4,166,780	0.01%
26	Infinit Labs	$3,823,345	0.01%
27	Eigenpie	$3,725,967	0.01%
28	Zircuit	$2,319,929	under 0.01%
29	Fragmetric	$1,569,657	under 0.01%
30	Amp	$1,063,367	under 0.01%
31	B.Protocol	$821,056	under 0.01%
32	Siren	$449,451	under 0.01%
33	Lens Protocol	$447,073	under 0.01%
34	Euphoria_fi	$200,735	under 0.01%
35	Jet Protocol	$200,271	under 0.01%
36	Defx	$14,291	under 0.01%
37	Alkimiya	$9,441	under 0.01%

23 of the 37 round records carry a stored announce date and 14 do not. The share column is each figure as a percentage of the $36,537,390,574 total, so the 10 rows marked under 0.01% each hold less than $3,653,739 of it.

Where does the on-chain value sit, ranked by TVL?

The 12 largest of the 37 holdings, ranked by the TVL figure NAUT stores for each, in millions of dollars, rounded to whole millions.

Those 12 hold $36,209,482,963 of the $36,537,390,574, 99.1%, so the 25 holdings below them share $327,907,611. In bands, the 37 crypto fund holdings split like this: 3 are at $1,000,000,000 or more, 9 from $100,000,000 to just under $1,000,000,000, 7 from $10,000,000 to just under $100,000,000, 11 from $1,000,000 to just under $10,000,000, and 7 under $1,000,000.

How much capital bought that footprint?

Put the TVL figure next to the round NAUT records and you get a rough read on how much on-chain value sits behind each $1 of that round. It is a rough read rather than a return: a round total is what the company raised, the share Robot Ventures itself put in is almost never public, and TVL is deposits rather than revenue or equity. The table covers the 11 holdings ranked 2 to 12 by TVL, each of which carries both figures on NAUT. LayerZero at rank 1 is left out, because the amount NAUT stores for its September 2021 Series A and the CoinDesk report of that round do not agree, so this article prints no LayerZero round amount. The TVL figure behind each ratio is in the table above.

Company	Round amount	TVL per $1
Morpho	$50,000,000	217x
EigenCloud	$14,500,000	374x
Jito	$10,000,000	88x
Fluid	$2,400,000	253x
Lombard	$16,000,000	32x
Backpack	$17,000,000	30x
Huma Finance	$38,000,000	9x
Mellow Protocol	$2,750,000	90x
Drift Protocol	$3,800,000	63x
Liquity	$2,400,000	62x
Axelar	$25,000,000	5x

Lombard is the 1 round here with an outside citation that clears the bar: The Block reported a $16,000,000 seed round led by Polychain Capital on 2 July 2024, the same amount and the same date NAUT stores. Across the whole set, 34 of the 37 holdings carry a stored round amount and 3 do not, Eigenpie, Zircuit and Alkimiya, so those 3 could not be weighed this way at all.

What this tells a BD lead, a founder and an investor

• A BD lead selling infrastructure or services should work the top 12 rather than the fund: $36,209,482,963 of the footprint sits there, and each of those 12 pages on NAUT carries its own team.
• A founder raising from Robot Ventures can point at the pattern in the data. 11 of the 37 holdings hold between $1,000,000 and $10,000,000 of TVL, so an early protocol is normal in this portfolio rather than an outlier.
• An investor sourcing co-investors gets the opposite read from the same table: 3 names carry 89.2% of the footprint, so a fund-level TVL headline tells you almost nothing about the other 34 companies.
• Anyone quoting a figure like this should quote the date with it. The 37 figures are deposits read on 11 November 2026, and they move daily.

How do you reach the people behind these protocols?

Open the company's NAUT page and read its team, then pick the person whose title says they own the decision. That is the route for the 37 companies above: Jito at $879,080,147 and Drift Protocol at $240,532,669 are both Solana protocols with their own teams on NAUT, and neither conversation needs to go through the fund. Use the fund row when you want an introduction rather than a cold note.

Related reading on NAUT: How to research a VC fund: 6 checks, 23 rounds, 27 partners and Crypto VC check sizes: 15 investors, $1.7M to $200M rounds.

Can you pull this data through the NAUT API?

Yes, for the portfolio list this article is built from: GET https://api.naut.so/v1/investors/robot-ventures with an Authorization: Bearer $NAUT_KEY header returns the fund with its team and its portfolio, each row carrying the company, the round type, the amount, the announce date and a lead flag, at 5 credits a call. A single company and its team come back from GET https://api.naut.so/v1/projects/morpho at the same price, so reading all 37 holdings one by one costs 185 credits; the endpoint list and the quotas are at naut.so/docs/api and the plans at naut.so/pricing, where Essential is $49 a month for 3,000 credits. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reach the teams behind these 37 protocols.

Crypto fund portfolio TVL FAQ

How much TVL does a crypto fund portfolio hold?

For Robot Ventures on 11 November 2026 it is $36,537,390,574, summed across the 37 of its 56 live NAUT-tracked companies that carry a stored total value locked figure above 0. The figure is a stock reading of deposits in those 37 protocols on that day, and it is not a measure of what the fund owns or paid.

Which Robot Ventures portfolio company holds the most TVL?

LayerZero, at $16,316,513,370 on 11 November 2026, which is 44.66% of the $36,537,390,574 across all 37 holdings that carry a figure. Morpho at $10,839,652,548 and EigenCloud at $5,421,389,765 are second and third, and the 3 together hold 89.2%.

Does every portfolio company carry a TVL figure on NAUT?

No. 37 of the 56 live Robot Ventures companies on NAUT carried a figure above 0 on 11 November 2026 and 19 carried none, so any portfolio TVL total covers part of a portfolio. Across NAUT's whole database, 995 live publishable company rows carried a figure above 0 that day.

Where can I find these 37 protocols and the people who run them?

Every one of the 37 has a NAUT page with its own team, from LayerZero at $16,316,513,370 down to Alkimiya at $9,441, and the full portfolio comes back in 1 call to GET https://api.naut.so/v1/investors/robot-ventures. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reach them.

Is NAUT free to use to check a fund's portfolio TVL?

NAUT's directory search and its public company and project profiles are free with no card, so the Robot Ventures page and all 37 holdings above can be read for $0. Verified Telegram, email and LinkedIn addresses unlock on any paid plan from Essential at $49 a month.

Sources

• The 63 round records, the 56 live companies, the 37 stored TVL figures, the round types, the amounts, the announce dates and the 995 database-wide rows with a figure: NAUT's database, read on 11 November 2026.
• Lombard's seed round: The Block, 2 July 2024.
• Tarun Chitra's title: the Robot Ventures team page and a Private Equity International profile.
• NAUT API endpoints, credit prices and plans: naut.so/docs/api and naut.so/pricing.