Bloomberg launches DeFi indicator

by in DeFi News

DeFi

The value of funds locked up in the DeFi decentralized finance market has come close to $ 121 billion this week.

The leading projects in this ecosystem are UniSwap, Terra, and ChainLink, which accumulated $ 15.742 billion, $ 12.044 billion, and $ 11.621 billion, respectively.

Interest in the DeFi market continues to grow. Moreover, not only retail traders but also institutional investors enter the digital assets deployed in this ecosystem.

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That is why the financial information provider Bloomberg decided to launch an index that displays the dynamics of the movement of several DeFi tokens at once. As the RBC agency clarifies, the indicator will be developed by the Bloomberg team in partnership with the Galaxy Digital crypto company.

The index measures the market positions of several digital assets including Uniswap, Aave, Maker, Compound, Yearn, and Sushi.

Representatives of Bloomberg and Galaxy Digital have so far refrained from any official comments. However, it is known that the new DeFi indicator will also be used by Mike Novogratz’s company in managing the fund, which will be launched soon.