Investor Details
MetaStable Capital
Crypto hedge funds
Basic Info
Founded:2014
Description: Metastable is one of the longest-running funds in cryptocurrency history, co-founded by Naval Ravikant in 2014 and is an early investor in Ethereum, Avalanche, Cosmos, Starkware, NEAR, Zcash, Filecoin, Dfinity and Algorand.
ROI
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Industry Preference
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Portfolio Count
12
Lead Investments
1
Portfolio
Name Rounds Amount Raised Date Valuation tokens Introduction
Iron Fish
IRON
Series A
$27.7M
2021/11/30
$190M
IRON
Iron Fish is a layer 1 blockchain designed to be the universal privacy layer for all Web3s. Iron Fish uses zero-knowledge proof (zk-SNARK) and the highest industry encryption standards to enable users to conduct completely private transactions – the true SSL layer of all blockchains. In March 2025, Base acquired the Iron Fish development team and developed privacy protection primitives for Base. The specific acquisition amount has not been disclosed. The acquisition is limited to the Iron Fish team and does not involve the Iron Fish network, tokens or its technology. The Iron Fish project will remain independent and not affiliated with Coinbase or Base.
Hashflow
HFT
Seed Round
$3.2M
2021/04/30
$20M
HFT
Hashflow is a decentralized trading platform designed for interoperability, zero slippage and MEV-protected transactions. Hashflow uses a novel inquiry (RFQ) model to connect institutional market makers with traders.
Iron Fish
IRON
Seed Round
$2M
2021/04/06
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IRON
Iron Fish is a layer 1 blockchain designed to be the universal privacy layer for all Web3s. Iron Fish uses zero-knowledge proof (zk-SNARK) and the highest industry encryption standards to enable users to conduct completely private transactions – the true SSL layer of all blockchains. In March 2025, Base acquired the Iron Fish development team and developed privacy protection primitives for Base. The specific acquisition amount has not been disclosed. The acquisition is limited to the Iron Fish team and does not involve the Iron Fish network, tokens or its technology. The Iron Fish project will remain independent and not affiliated with Coinbase or Base.
NEAR Protocol
NEAR
Lead
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$3M
2019/07/10
$120M
NEAR
NEAR Protocol is a first-tier blockchain based on sharding and PoS, designed to inspire computer networks to run a platform for developers to create and launch decentralized applications. At the heart of NEAR Protocol's design is sharding, a process designed to divide the infrastructure of a network into multiple parts so that nodes only need to handle a small part of the network transaction. The NEAR mainnet was launched in August 2020.
Agoric
BLD
Seed Round
$4M
2019/05/14
$35M
BLD
Agoric is a layer1 PoS public blockchain designed to enable developers to quickly build secure smart contracts using JavaScript, the most popular programming language on the planet. Agoric can quickly bring millions of developers to the DeFi frontier. With hardened JavaScript, Agoric provides the secure and stable environment developers need to build, deploy, and operate complex Dapps, NFT and DeFi markets.
Mina
MINA
Series A
$15M
2019/04/01
$150M
MINA
Mina Protocol is a lightweight blockchain that keeps its block size at 22 kB regardless of how many transactions are submitted to the network. This size allows anyone to operate a node and help protect their network without the need for complex computer hardware. The key to the Mina protocol is the introduction of zk SNARK, which allows users to confirm that they have certain data without having to disclose it to each other. Mina mainnet was launched on March 23, 2021.
Avalanche
AVAX
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$6M
2019/02/01
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AVAX
Avalanche is a platform that supports the creation of custom blockchain networks and decentralized applications (DAPPs), created by Ava Labs, claiming to achieve great scalability with up to 4500 TPS. Its novel consensus protocol, subnet infrastructure and HyperSDK toolkit enables Web3 developers to easily launch powerful custom blockchain solutions.
Conflux
CFX
Angel Round
$35M
2018/12/05
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CFX
Conflux is a high-performance Layer1 blockchain designed for dapps that require large-scale speeds while ensuring decentralization. Conflux's tree graph structure can confirm multiple blocks at the same time. This parallel processing of blocks and transactions reduces confirmation time and greatly improves transaction throughput. As a compliant and license-free public chain in China, Conflux is building a borderless trading and technology ecosystem for crypto projects with global thinking, expanding from China to North America, Russia, Latin America, Europe, Africa and the rest of the world.
Oasis Network
ROSE
Private Sale
$45M
2018/07/09
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ROSE
Oasis Network is a decentralized Layer1 network based on PoS, designed to support next-generation blockchain applications, with versatility, flexibility and customization. Oasis network supports privacy smart contracts and supports dapps to use sensitive data to unlock new use cases and applications of blockchain technology.
Orchid Protocol
OXT
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$36.1M
2018/04/21
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OXT
Orchid is a platform that supports onion routing networks that are incentivized by OXT and multi-hop VPN clients. Orchid brings together services from a number of quality VPN providers in a unique decentralized market powered by OXT tokens. Bandwidth providers register as sellers on the web by pre-securing their capital in the form of OXT. The role of this staking capital is similar to margin, incentivizing VPN bandwidth providers to provide users with high-quality services. Suppliers who fail to do so are putting their funds at risk.
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Team Members
Active
Former
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