The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growth of e-sports and gaming is predicted to move the decentralised finance (DeFi) business ahead.

The global decentralized finance market is expected to grow from $14.90 billion in 2022 to $21.21 billion in 2023 at a compound annual growth rate (CAGR) of 42.3%. The market is expected to reach $86.19 billion in 2027 at a CAGR of 42%.

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Global Decentralized Finance Market Segments Include:

• By Component: Blockchain Technology, Decentralized Applications (dApps), Smart Contracts
• By Application: Assets Tokenization, Compliance And Identity, Marketplaces And Liquidity, Payments, Data And Analytics, Decentralized Exchanges, Prediction Industry, Stablecoins, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global decentralized finance market in 2021.

Major Market Players in the decentralized finance market include Compound Labs, Inc., MakerDAO, Aave Companies, Uniswap Labs, SushiSwap, Curve Finance, Synthetix, Balancer Labs.

Technological developments are an important trend that is gaining traction in the decentralised finance (DeFi) business. Major players in the decentralised finance (DeFi) business are embracing new technologies in order to maintain their market position. Bitget, a Singapore-based cryptocurrency exchange company, for example, announced a new function dubbed MegaSwap on its DeFi platform in January 2023. MegaSwap is a decentralised finance (DeFi) network aimed to simplify the trading and swapping of digital assets for over 10,000 cryptocurrencies. Bitget’s introduction of MegaSwap provides customers with a simple and quick way to trade and exchange digital assets on its DeFi platform, allowing them to access a diverse selection of cryptocurrencies for their trading needs.

The Decentralized Finance Global Market Report 2023  provides a decentralized finance market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The decentralized finance market forecast analyzes decentralized finance market size, decentralized finance market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Decentralised finance (DeFi) is a subset of financial systems and apps that use blockchain technology to provide open, transparent, and decentralised financial services without the use of intermediaries like banks or financial institutions.

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