Since the beginning of July, the CoinDesk DeFi Index consist of the following assets: Uniswap (UNI) with 49.95%, Aave (AAVE) with 10.25%, Compound (COMP) with 8.38%, Curve (CRV) with 7.44%, MakerDAO (MKR) with 6.49%, SushiSwap (SUSHI) with 4.83%, and others.
The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.
DeFi Amongst The Most Lucrative Sectors In The Crypto Market
Data from Messari suggest the possible reason behind Grayscale new fund, DeFi, and its protocols have continued to grow in Q2 2021 despite the general sentiment in the market.
The third iteration of Uniswap has met users’ expectations. Thus, this DEX took a 54% market share followed by PancakeSwap, SushiSwap, and Curve. Therefore, seems logical that CoinDesk placed a high percentage of its index on this token.
Other use cases, such as stablecoins, lending and borrowing, derivatives, and yield aggregators also saw positive metrics with high participation from users. This suggests that DeFi is part of the most resilient sector in the crypto market.With increasing attention on the innovations within decentralized finance, it’s critical for the investment community to have tools that deliver calculated exposure to this exciting area of innovation. This collaboration offers investors the data and tools they need to gain exposure to decentralized finance into their portfolios.At the time of writing, UNI trades at $15.6 with moderate losses in the 24-hour chart.