Finance

Despite Crypto Market Crisis, Crypto Hedge Funds’ Interest in DeFi is Growing By CoinQuora

Despite Crypto Market Crisis, Crypto Hedge Funds’ Interest in DeFi is Growing
  • The crypto hedge funds volume of assets increasing every year.
  • Chainlink, Polkadot, and AAVE are proven as the most popular assets.
  • More traditional financial institutions already invested or thinking of investing in crypto.

The total volume of assets under the cryptocurrency hedge funds management increased from $1 billion to over $2 billion in 2019 and 3.8 billion in 2020. Moreover, according to analysts of the consulting company PricewaterhouseCoopers (PwC) and Alternative Investment Management Association (AIMA), the hedge funds’ interest in decentralized finance (DeFi) is growing.

Furthermore, the recently released Global Crypto Hedge Fund Report indicates that 31% of these funds utilize decentralized exchanges. Interestingly, Uniswap, 1inch, and SushiSwap are indicated as the most widely used assets.

It is also worth noting that some DeFi tokens are on the rise, including Chainlink (LINK), which was included in 30% of hedge fund investment, Polkadot (DOT), and AAVE with 28% and 27%, respe…

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button