Following in the footsteps of the Trump family, Galaxy Digital has invested heavily in two different decentralized finance projects.
Institutional interest in Ethereum-based decentralized finance (DeFi) tokens is growing. According to data from on-chain analytics platform Lookonchain, Galaxy Digital made a remarkable move today by purchasing large amounts of UNI and AAVE.
According to the information obtained, Galaxy Digital transferred a total of 1.07 million UNI (worth approximately $18.9 million) and 27,722 AAVE (worth approximately $10.19 million) from exchange accounts to its own wallets.
The company had previously purchased AAVE, but this was recorded as the first transaction specifically for UNI.
Such large-scale transactions have often been considered an indication that institutions are making long-term strategic investments in the DeFi space.
The Trump family's investments in Ethereum, Aave and LINK since November 30 have suddenly increased individual and institutional interest in the DeFi sector.
These transfers made by Galaxy Digital revealed that the demand for DeFi tokens is rapidly increasing at the institutional level and that large investors tend to include these assets in their longer-term portfolios. Tokens such as UNI and AAVE in the Ethereum ecosystem have been among the assets that have attracted attention with the growth of decentralized finance projects.
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