Grayscale's latest DEFG DeFi Fund holdings are out, covering all six assets across the entire DeFi sector:
1. UNI (38.15%): A leading decentralized exchange, and the fund's largest holding;
2. AAVE (20.17%): A core lending-sector asset;
3. ONDO (18.53%): A leading asset in RWA tokenization;
4. Remaining holdings: ENA, CRV, and LDO, covering the stablecoin, liquidity, and staking sectors.
The portfolio composition makes the institution's investment thesis clear: it is no longer focused solely on traditional DEXs and lending, but is significantly increasing its allocation to the new RWA tokenization theme.
Institutions have already built positions near the bottom, and the DeFi sector may be poised for a fresh, broad-based surge.
But bull markets never rise in a straight line—sharp shakeouts happen repeatedly. Only by holding onto your positions can you capture the full main rally.
⚠️Crypto assets are highly volatile. This article is for industry information only and does not constitute investment advice.