To find a crypto fund ROI, open the fund's investor page on NAUT, read its all-time ROI multiple, then rank that multiple against the 390 investor rows NAUT scores and check the portfolio count and capital deployed the multiple rests on. NAUT holds an all-time ROI figure for 390 of its 3,337 live investor rows, read on 4 November 2026: the median is 0.111x, the average is 0.4812x, and only 33 of the 390 sit above 1x, with Slow Ventures highest at 16.4x.
Data note. Every figure here was read from NAUT's own database on 4 November 2026, read-only. The field is a multiple despite its percent-style column name: values run from 0.00138x to 16.4x, and NAUT's own field-source record attributes the all-time ROI figure to Chainbroker, so it is a stored third-party metric rather than a NAUT calculation. 2,947 of the 3,337 live investor rows carry no ROI figure at all, so an empty score means NAUT holds none for that fund and says nothing about how the fund performed. Portfolio counts and capital figures below are the stored fields as read on that date, and a fund's live page can list a different number of investments as new rounds land. Research read 3 outside claims for this article and the runner found the quoted line on the page for 1 of them, so 1 outside fact appears below, on Alameda Research's bankruptcy, and the other 2 were dropped. Everything else rests on NAUT's stored rows. NAUT Research wrote it.
How to read a crypto fund ROI on NAUT, in 3 steps
The 3 steps take about 5 minutes per fund, and step 3 is the one that changes a decision.
- The number itself is a multiple, so 1.69x means the tracked portfolio is marked at 1.69 times what went in, and 0.111x, the median of the 390, means a fund is marked at about a ninth of it.
- A multiple on a thin base tells you little. Read the portfolio count and the capital deployed on the same page before you read the multiple.
- A score is historic. 2 of the highest multiples below belong to firms whose current state matters more than their mark, and 1 of them stopped operating in 2022.
- Read the multipleOpen the fund's NAUT investor page and take its all-time ROI figure, as 2.45x for Jump Capital.
- Rank it against 390The median of the 390 scored rows is 0.111x and only 33 sit above 1x, so 1.69x for Polychain Capital is already top-tier.
- Check what it rests onParataxis Capital scores 12x on 3 companies and $13,450,000 deployed, the smallest base in the 10 highest.
Step 1: read the all-time ROI multiple on the fund's page
Open the fund on NAUT and take the all-time ROI figure from its investor row. Polychain Capital reads 1.69x and Jump Capital reads 2.45x, both read on 4 November 2026.
Treat the figure as a stored metric with a date on it rather than a live mark. It moves when the source updates, and NAUT carries it for 390 funds out of 3,337, so most funds you look up will have no figure to read.
Step 2: rank the multiple against the 390 funds NAUT scores
A multiple on its own has no scale, and crypto VC returns cluster far lower than the headline numbers suggest. The scale is the distribution: across the 390 scored rows the median is 0.111x, the average is 0.4812x, the lowest is 0.00138x and the highest is 16.4x. Only 33 of the 390 are above 1x, which puts 357 of them below breakeven on this measure.
That makes the bar lower than it looks. Both worked funds below clear it, and neither is in the 10 highest, where the cut-off is 2.99x. So the practical reading is 3 bands: above 2.99x is the top 10 of the scored set, 1x to 2.99x is the rest of the 33, and anything under 1x is where 357 of the 390 sit.
Step 3: check the portfolio, the capital and whether the fund still operates
Read 3 fields next to the multiple, in this order. The portfolio count says how many companies the mark covers: per NAUT's record, 83 for Polychain Capital, 42 for Jump Capital and 3 for Parataxis Capital at 12x. The capital deployed says the size of the base, $1,961,170,000 for Polychain against $13,450,000 for Parataxis, so 2 similar-looking multiples can sit on bases 145 times apart. The fund type says whether NAUT files the row as venture at all, and 2 of the 10 highest carry no fund type on their row.
Then check the fund is still a fund. Alameda Research carries 2.8x on NAUT, above both worked funds, and its Wikipedia entry records that it "filed for Chapter 11 bankruptcy protection in November 2022". A multiple survives the firm that earned it, so a high score is a reason to read the row rather than a reason to send a deck.
What is a good crypto fund ROI, and which funds score highest?
Above 1x is already rare: 33 of the 390 scored rows. The table below is the best performing crypto funds on this measure, the 10 highest, ranked by the all-time ROI multiple NAUT stores on each row, read on 4 November 2026.
| Fund | ROI | Capital |
|---|---|---|
 Slow Ventures |
16.4x | $314.1M |
 Parataxis Capital |
12x | $13.45M |
 RockawayX |
9.71x | $20.1M |
 Sino Global Capital |
8.58x | $2.08B |
 USV |
8.4x | $242.5M |
 BlockTower Capital |
6.11x | $610.6M |
 CMS Holdings |
5.42x | $1.40B |
 Distributed Global |
4.45x | $695.2M |
 Standard Crypto |
3.69x | $992.1M |
 NFX |
2.99x | $202.0M |
The ROI column is the all-time multiple and the capital column is the stored deployed figure, both read on 4 November 2026. 2 of these 10 rows, Parataxis Capital and Sino Global Capital, carry no fund type at all, which is the state of the record rather than a judgment about either firm.
The spread inside the top 10 is wider than the gap between the 10th and the median. 16.4x to 2.99x covers the chart, and the 11th scored fund and everything under it sits below 2.99x, down to 0.00138x at the bottom of the 390.
What do Polychain Capital and Jump Capital score?
Both clear 1x and neither reaches the top 10. Here are the 2 worked funds against the 1 dead firm that outscores them, all 3 read on 4 November 2026.
| Fund | ROI | Capital |
|---|---|---|
 Alameda Research |
2.8x | $3.49B |
 Jump Capital |
2.45x | $882.4M |
 Polychain Capital |
1.69x | $1.96B |
Per NAUT's record the marks cover 110 portfolio companies for Alameda Research, 42 for Jump Capital and 83 for Polychain Capital.
Polychain Capital is the one of the 3 you can act on today. NAUT files it as a venture firm and a hedge fund out of San Francisco, carries 83 portfolio companies and $1,961,170,000 deployed at an average round of $24,211,975 on its record, and names, among others, Olaf Carlson-Wee as Founder and CEO, Matt Perona as COO, Abhijeet Mahagaonkar as CTO, Ben Perszyk as Partner, Nima Vaziri as Venture Partner, Bobby Beniers and Henry H as Research Partners, and Matt Mochary as Advisor. For a founder raising, the 2 research partners are the read-the-deck names and the partner is the cheque. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.
Jump Capital scores higher at 2.45x on a smaller base, 42 companies and $882,360,000 per NAUT's record, and NAUT files it as a thesis-driven venture firm from Chicago investing at Series A and Series B. Read the team section on its page for the current partners before you write to anyone, because the multiple tells you nothing about who picks up the deck.
What does a crypto fund ROI figure leave out?
4 things, and each one has already changed a reading above. Treat the figure as 1 input into crypto VC fund performance rather than the whole picture.
- Coverage. 2,947 of the 3,337 live investor rows have no score. A fund without a figure is an unscored fund on NAUT, nothing more.
- The base. Parataxis Capital's 12x covers 3 portfolio companies and $13,450,000. CMS Holdings's 5.42x covers 110 companies and $1,395,515,000. The second is the harder number to produce.
- The record behind the row. 2 of the 10 highest carry no fund type at all on their NAUT row, so a high score can sit on a thin record.
- Status. Alameda Research is on the list at 2.8x and stopped operating in 2022. ROI is a record of the past tense.
What this tells a founder raising and a BD lead sourcing
Use the score to order a list, then use the page to work it.
- Above 1x is the shortlist: 33 funds out of 390 scored, and the top-10 cut-off is 2.99x.
- A high multiple on a small base is a small cheque. Parataxis Capital averages $4,483,333 a round across its 3 companies, against $24,211,975 for Polychain Capital.
- People beat multiples for outreach. Polychain Capital names its team on the row, down to the 2 research partners who read the deck before the partner does.
- Check status before the pitch, not after. 1 firm in the 2.8x band filed for bankruptcy in 2022.
- Cut to 33Keep the funds above 1x, where the top-10 cut-off is 2.99x and the median of all 390 is 0.111x.
- Size the chequeMatch your round to the average round on the row, $24,211,975 at Polychain Capital and $4,483,333 at Parataxis Capital.
- Find the namePolychain Capital lists its team, starting with Olaf Carlson-Wee and 2 research partners.
- Check it still trades110 portfolio companies and 2.8x did not keep Alameda Research in business past 2022.
Related reading on NAUT: How to research a VC fund: 6 checks, 23 rounds, 27 partners and How to verify a crypto investor: 6 checks, 143 funds pass 4.
Can you pull this data through the NAUT API?
Yes. The ranked list above is 1 call, GET https://api.naut.so/v1/investors?sort=roi&limit=100 with an Authorization: Bearer $NAUT_KEY header, and a single fund with its team and portfolio rows is GET https://api.naut.so/v1/investors/polychain-capital, so the 3-step check on 1 fund costs 2 data calls. Each data call is 5 credits, and plans run from Essential at $49 a month for 3,000 credits, which is 600 data calls, with the endpoints documented at https://naut.so/docs/api and the tiers at https://naut.so/pricing. Verified Telegram, email and LinkedIn for the people on those fund rows unlock on any paid NAUT plan, so start a 7-day trial at https://naut.so.
Crypto fund ROI FAQ
Which crypto VC funds have the best returns?
On the 390 investor rows NAUT scored for all-time ROI on 4 November 2026, the 10 highest are Slow Ventures at 16.4x, Parataxis Capital at 12x, RockawayX at 9.71x, Sino Global Capital at 8.58x, Union Square Ventures (USV) at 8.4x, BlockTower Capital at 6.11x, CMS Holdings at 5.42x, Distributed Global at 4.45x, Standard Crypto at 3.69x and NFX at 2.99x. That ranking covers only the 390 funds NAUT holds a figure for, out of 3,337 live investor rows.
What is a good ROI for a crypto VC fund?
Anything above 1x is in the top tenth of the scored set: 33 of the 390 funds NAUT scored on 4 November 2026 clear 1x, while the median row sits at 0.111x and the average at 0.4812x. Above 2.99x puts a fund in the 10 highest.
Does a high crypto fund ROI mean the fund is still investing?
No. Alameda Research carries 2.8x on NAUT across 110 portfolio companies and $3,488,700,124 deployed, and its Wikipedia entry records that it "filed for Chapter 11 bankruptcy protection in November 2022". Check the status of the firm on its own page before you use the score.
How many crypto funds does NAUT score for ROI?
390 of 3,337 live investor rows carried an all-time ROI multiple on 4 November 2026, so 2,947 rows have no score. An empty field means NAUT holds no figure for that fund.
Where can I find these funds' partners and their contact channels?
On each fund's NAUT investor page and through GET https://api.naut.so/v1/investors/<slug>, which returns the fund with its team and portfolio rows. Polychain Capital lists its team there with current titles, starting with Olaf Carlson-Wee as Founder and CEO. Verified Telegram, email and LinkedIn for those people unlock on any paid NAUT plan, so start a 7-day trial at https://naut.so.
Sources
- NAUT's own database, read on 4 November 2026, read-only: the 3,337 live investor rows, the 390 that carry an all-time ROI multiple, and for each named fund its portfolio count, capital deployed, average round size, fund type and titled people. NAUT's field-source record attributes the all-time ROI figure to Chainbroker.
- The Wikipedia entry for Alameda Research,
en.wikipedia.org/wiki/Alameda_Research, read on 4 November 2026, for the November 2022 Chapter 11 filing. 2 further outside claims were checked for this article and dropped because the quoted line was not found on the page.