DeFi

Zeitgeist

USDC

BlackRock

<div class="finbold">
 <p class="paragraph">Decentralized finance (DeFi) is on a rally, surpassing $65 billion in total value locked (TVL). With this accomplishment, DeFi is among the top five largest U.S. hedge funds in assets under management (AUM).</p>
 <p class="paragraph">On February 9, the total value locked in all DeFi protocols reached a multi-year high of $65.612 billion. Notably, the last time decentralized finance saw these numbers in TVL was in June 2022. This metric has currently surpassed the $64.658 billion of August 13, 2022, according to data from <em>DefiLlama</em>.</p>
 <p class="paragraph">Interestingly, this TVL accounts for 48% of stablecoins’ market cap of $136.408 billion at the time of publication. In the last 24 hours, decentralized exchanges (DEX) moved over $3.4 billion in volume, while nearly $20 billion weekly.</p>
 <p class="paragraph">The total value locked measures the amount of non-liquid tokens invested in DeFi protocols. In traditional finance, this would be the equivalent of <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> under <a rel="noopener noreferrer nofollow" title="management" href="https://thebittimes.com/tag/management.html">management</a> (AUM), although not managed by a central entity.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="305" src="https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp" alt class="wp-image-154232" srcset="https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp 1024w, https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp 300w, https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp 768w, https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp 1536w, https://cdn.thebittimes.com/images/2024/02/10/4f39e832185b180ceeda56ea5e463022.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Total Value Locked in DeFi – USD. Source: <em>DefiLlama</em>
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 <h2 class="wp-block-heading" id="h-defi-beats-the-top-4-hedge-funds-in-the-united-states">DeFi beats the top 4 hedge funds in the United States</h2>
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 <p class="paragraph">In particular, such an amount would place DeFi as the fifth most valuable <a rel="noopener noreferrer nofollow" title="hedge" href="https://thebittimes.com/tag/hedge.html">hedge</a> fund in the United States.</p>
 <p class="paragraph">Two Sigma has the fourth-highest AUM in the country, with $67.471 billion in <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> under <a rel="noopener noreferrer nofollow" title="management" href="https://thebittimes.com/tag/management.html">management</a>. Followed by Millennium Management, with $57.67, according to a <em>Forbes</em> report from December 2023.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="434" src="https://cdn.thebittimes.com/images/2024/02/10/b5b7e01ed47e88cd82f4cac1b1191da7.webp" alt class="wp-image-154233" srcset="https://cdn.thebittimes.com/images/2024/02/10/b5b7e01ed47e88cd82f4cac1b1191da7.webp 1024w, https://cdn.thebittimes.com/images/2024/02/10/b5b7e01ed47e88cd82f4cac1b1191da7.webp 300w, https://cdn.thebittimes.com/images/2024/02/10/b5b7e01ed47e88cd82f4cac1b1191da7.webp 768w, https://cdn.thebittimes.com/images/2024/02/10/b5b7e01ed47e88cd82f4cac1b1191da7.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Top U.S. hedge funds in AUM. Source: <em>Forbes</em>
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 </figure>
 <p class="paragraph">Therefore, decentralized finance has been growing in relevancy and managing to attract investors and capital to its live ecosystem. Despite being two different metrics, they can indicate capital allocation preferences.</p>
 <p class="paragraph">There is still a long way to go moving forward while DeFi conquers further achievements and beats traditional finance entities.</p>
 <p class="paragraph">Even giant finance names like BlackRock Inc. (NYSE: BLK) are flirting with DeFi and Web3. In this context, BlackRock’s recent interest in tokenization could fuel the growth, attracting more capital to the decentralized landscape.</p>
 <p class="paragraph">Nevertheless, investors must be aware of the yet experimental nature of DeFi and invest cautiously.</p>
 <p class="paragraph"><strong><em>Disclaimer: </em></strong><em>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/only-4-u-s-hedge-funds-beat-defi-in-assets-under-management-tbt79415.html">https://thebittimes.com/only-4-u-s-hedge-funds-beat-defi-in-assets-under-management-tbt79415.html</a></p>

Only 4 U.S. hedge funds beat DeFi in assets under management

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