Hedge funds are up 90% in 2020 and demand for DeFi is growing | DeFi Protocol

Hedge funds are up 90% in 2020 and demand for DeFi is growing

According to the annual global report on crypto hedge funds released by PricewaterhouseCoopers and investment firm Elwood Asset Management in collaboration with the Alternative Investment Management Association (AIMA), the report shows that total assets under management for cryptocurrency hedge funds reached $3.8 billion in 2020.

Compared to 2019, crypto hedge funds are up $2 billion, or 90 percent.

They mostly favored DeFi. 31% of crypto hedge funds use decentralized exchanges (DEX), of which Uniswap is the most widely used (16%), followed by 1inch (8%) and SushiSwap (4%).