Market overview
October 10th, 2024 - The global market for decentralized finance (DeFi) is experiencing exponential growth. Increasing fraudulent activity in corporate financial systems is a key contributor of market revenue growth of decentralized finance (DeFi). According to the Association of Certified Fraud Examiners (ACFE), corporate fraud results in a loss of approximately 5% of revenue annually, amounting to a global figure of around of USD 3.1 billion. Globally, businesses and individuals are acquiring transparent and secure financial platforms to minimize the risks of identity theft, insider manipulation, and asset misappropriation.
Major market opportunities, such as retail and institutional investors, are considering stablecoins to enhance liquidity and attract a broader range of users globally. Decentralized finance (DeFi) platforms are utilizing real-world assets like real estate, stocks, and commodities, which further accelerates the market revenue growth of the decentralized finance (DeFi) market. DeFi enables global access to illiquid assets and creates fractional ownership by converting physical assets into digital tokens on the blockchain.
US dollar deposits and short-term U.S. government treasuries are being used as collateral for stablecoins, ensuring pricing stability and reducing the volatility often seen with cryptocurrencies. A notable player in decentralized finance (DeFi) is set to launch a USD-backed stablecoin. This significant trend is anticipated to enhance the growth potential of decentralized finance (DeFi) throughout the forecast period
However, the absence of clear regulatory frameworks and policies is a significant constraint on the decentralized finance (DeFi) market. Many countries worldwide lack well-defined regulations regarding DeFi, hindering the global scaling of the DeFi market. Additionally, DeFi platforms heavily rely on smart contracts. These factors are expected to hinder the revenue growth of the market.
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Regional overview and growth insights
North America held the largest market share in Decentralized Finance (DeFi) in 2023. Both the United States and Canada have adopted blockchain technology and smart contracts. Growing security concerns regarding centralized exchanges have heightened the demand for DeFi services. The collapse of major exchange platforms, such as FTX, at the end of 2022 drove users toward decentralized platforms.
Segments overview and growth Insights
The protocol segment accounted for the largest share in 2023. Protocols like Uniswap and Aave, which are foundational to the DeFi ecosystem, have been instrumental in offering users straightforward, trustless, and automated financial services, significantly impacting the decentralized finance (DeFi) market. The emergence of decentralized exchanges (DEXs) and automated market makers (AMMs) has led to a substantial increase in trading volumes, resulting in direct financial gains for many protocols.
List of major players included in the global Decentralized Finance (DeFi) Market report are
o Compound Labs, Inc.
o Aave Labs
o Synthetix
o Uniswap Labs
o Harvest Finance
o Curve Finance
o Chainlink Labs
o Balancer OpCo Limited
o PancakeSwap
o Instadapp
o Aperture finance
o Edgex DAO Pte. Ltd.
o Other companies
Major strategic developments by leading competitors
• EdgeX: On Septemer 2024, EdgeX has introduced an innovative decentralized financial system to meet the growing demand for secure, non-custodial platforms in the wake of significant exchange failures. This high-performance, modular system allows users to easily create decentralized finance (DeFi) products without requiring coding skills. The platform includes various integrated modules, such as trading, liquidity, lending, insurance, leverage, UI/UX, and wallets, all optimized for performance and scalability while reducing entry barriers.
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Detailed segmentation of global Decentralized Finance (DeFi) Market will be provided by type, component, application, industry vertical, and region :

• Component Outlook (Revenue, USD Million; 2021-2031)
o Protocol
a. Smart Contract Protocol
b. Liquidity Protocols
o Infrastructure
a. Blockchain Platforms
b. Oracles
c. Others

• Application Outlook (Revenue, USD Million; 2021-2031)
o Decentralized Exchanges (DEXs)
o Lending and Borrowing
o Stablecoins
o Asset Management
o Derivatives and Trading
o Insurance

• Industry Vertical Outlook (Revenue, USD Million; 2021-2031)
o Banking & Financial Services (BFSI)
o Gaming
o Media & Entertainment
o Real Estate

• Regional Outlook (Revenue, USD Million; 2021-2031)
o North America
a. U.S.
b. Canada
c. Mexico
o Europe
a. Germany
b. France
c. U.K.
d. Italy
e. Spain
f. Benelux
g. Rest of Europe
o Asia Pacific
a. China
b. India
c. Japan
d. South Korea
e. Rest of APAC
o Latin America
a. Brazil
b. Rest of LATAM
o Middle East & Africa
a. Saudi Arabia
b. UAE
c. South Africa
d. Turkey
e. Rest of MEA

 
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