The Decentralized Finance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


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According to The Business Research Company’s Decentralized Finance Global Market Report 2024, The decentralized finance market size has grown exponentially in recent years. It will grow from $21.21 billion in 2023 to $30.17 billion in 2024 at a compound annual growth rate (CAGR) of 42.2%. The growth in the historic period can be attributed to increased cryptocurrency adoption, liquidity mining and yield farming, global access to financial services, smart contract platforms, tokenization of assets.

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.

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.

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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

Technological advancements are a key trend gaining popularity in the decentralized finance (DeFi) market. Major companies operating in the decentralized finance (DeFi) market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Bitget, a Seychelles-based cryptocurrency exchange platform, introduced a new feature called MegaSwap on its DeFi platform. MegaSwap is designed to facilitate the trading and swapping of digital assets for over 10,000 cryptocurrencies on the decentralized finance (DeFi) platform. The introduction of MegaSwap by Bitget offers users a convenient and efficient way to trade and swap digital assets on its DeFi platform, giving them access to a wide range of cryptocurrencies for their trading needs.

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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