For the next piece in my series of posts breaking down the recent PWC Crypto Hedge Fund Report (May 2021). You can check out the first post in this series on “The Crypto hedge funds are buying in 2021” and “How hedge funds are making gains on their crypto investments” too.
In this post, I’m going to share the top 5 decentralised exchanges that large crypto hedge funds are using to do their trading.
If you didn’t know, the De-Fi space has had a boom in the last 12 months.
We can no doubt put some of that performance down to the effects of the pandemic, and many of us worrying about our finances plus having much more time on our hands to research these tools.
So, we can see that Uniswap reigns supreme as the funds DEX of choice.
And you can’t blame them really, with it’s slick user experience and interface, it’s the top choice for many everyday investors too.
PWC noted that between April 20 - 21, the trading volume on DEX’s accelerated by 90 fold. As of April 2021, Uniswap accounts for half of DeFi market activity. This time around, only 31% of active crypto hedge funds are using DEX’s. I’m sure we can expect that to increase to at least 50% by 2022 as the space continues to grow.
What do you think about this data?
Are you surprised by how many funds are using DEX’s?
Are you a lover of Uniswap too?
Let me know in the comments below ??
Important
I’m not a financial advisor, this is not financial advice and I’m not qualified or licensed to provide anything like this. This content is a bunch of thoughts from a fellow human for educational purposes only — that is all.
