The decentralized finance market size is expected to see exponential growth in the next few years. It will grow to $123.61 billion in 2028 at a compound annual growth rate (CAGR) of 42.3%. The growth in the forecast period can be attributed to scalability solutions, institutional participation, regulatory clarity, user-friendly interfaces, decentralized identity solutions, insurance and risk mitigation. Major trends in the forecast period include cross-chain integration, nfts in defi, layer 2 scaling solutions, exchanges (dexs) dominance, cross-chain integration.
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Segmentation & Regional Insights
The decentralized finance market covered in this report is segmented –
1) By Component: Blockchain Technology, Decentralized Applications (dApps), Smart Contracts
2) By Application: Assets Tokenization, Compliance And Identity, Marketplaces And Liquidity, Payments, Data And Analytics, Decentralized Exchanges, Prediction Industry, Stablecoins, Other Applications
North America was the largest region in the decentralized finance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global decentralized finance market during the forecast period. The regions covered in the decentralized finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in e-sports and gaming is expected to propel the growth of the decentralized finance (DeFi) market going forward. The term ‘rise’ in the context of e-sports and gaming refers to the increasing popularity, growth, and prominence of competitive video gaming (esports) as well as the broader gaming industry. Decentralized finance platforms allow gamers to use in-game assets, such as virtual items or virtual currencies, as collateral for borrowing or lending and offer decentralized platforms for esports enthusiasts to place bets on their favorite teams or players using blockchain-based smart contracts. For instance, in October 2022, according to according to NewZoo BV, a Netherlands-based games market data company, in 2021, the audience for live-streamed gaming approached nearly 810 million and is anticipated to surpass 1.41 billion by the year 2025. Therefore, the rise in e-sports and gaming is driving the growth of the decentralized finance (DeFi) market.
Key Industry Players
Major companies operating in the decentralized finance market report are Compound Labs Inc., MakerDAO, Aave Companies, Uniswap Labs, SushiSwap, Curve Finance, Synthetix, Balancer Labs, Bancor Network, Badger DAO, Agave, KuCoin.com, Jeeves Consumer Services Pvt. Ltd., MoonPay Inc., Dapper Labs Inc., HYPR Corp., Zerion, Secret Key Labs Limited, Suffescom Solutions Inc., International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Chainlink Labs, Polkadot Network, Stellar Development Foundation, Terraform Labs, Polygon Technology, Solana Labs, Cosmos Hub, Cream Finance
The decentralized finance market report table of contents includes:
1. Executive Summary
2. Decentralized Finance Market Characteristics
3. Decentralized Finance Market Trends And Strategies
4. Decentralized Finance Market – Macro Economic Scenario
5. Global Decentralized Finance Market Size and Growth
………………………………
31. Global Decentralized Finance Market Competitive Benchmarking
32. Global Decentralized Finance Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Decentralized Finance Market
34. Decentralized Finance Market Future Outlook and Potential Analysis
35. Appendix
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