The Global Decentralized Finance (Defi) Platforms Market Size Is Expected To Reach Usd 507.92 Billion At A Steady Cagr Of 43.8% In 2028, According To Latest Analysis By Emergen Research. Defi Is A Decentralized Financial Platform And Can Replace Middlemen Such As Brokerages And Banks. It Enables Automatic Execution Of Smart Contracts And Manages Interest Payments. These Factors Are Expected To Drive Revenue Growth Of Defi Platforms Market.Ethereum Network Is Popular For Building Different Blockchain-Based Applications And Is Mostly Used For Defi Due To Its Ability To Execute Transactions And Smart Contracts. However, Ethereum Transactions Costs Are Paid In Gas, Which Is Quite Volatile. This Is Expected To Hinder Revenue Growth Of Market.
Key Players In The Market Include Compound Labs, Inc., Makerdao, Aave, Uniswap, Sushiswap, Curve Finance, Synthetix, Balancer, Bancor Network, And Badger Dao.
Increasing innovations in crypto space is driving growth of DeFi platform market
Decentralized Finance Platforms Market Size – USD 13.01 Billion in 2020, Market Growth – at a CAGR of 43.8%, Market Trends – Development of cryptocurrencies due to advancements in technology is driving demand for DeFi platforms
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In Recent Years, Defi Platform Market Has Gained Traction Among Crypto-Enthusiasts, And Is Attracting Investors Across Regions. This Platform Operates On Blockchain Technology, And Aims To Replace Centralized Financial Institutions As They Do Not Collect Fees And Charges On Transactions. Defi Platform Offers A Whole Range Of Financial Services, Ranging From Asset Management, Borrowing, Lending, And Trading, Which Is Driving Growth Of The Market.
The Report Offers A Comprehensive Overview Of The Competitive Landscape And Covers Company Profiles, Production And Manufacturing Capacity, Product Portfolio, Expansion Strategies, And Business Initiatives Such As Mergers And Acquisitions, Joint Ventures, Collaborations, Partnerships, And Product Launches And Brand Promotions Among Others.
The Current Covid-19 Pandemic Is Expected To Have An Effect On The Growth Of The Decentralized Finance Platforms Industry Majorly Attributable To The Movement Restrictions And Impact On The Supply And Demand Due To The Lockdowns. The Covid-19 Pandemic Has Affected Several Sectors Of The Global Market, And The Decentralized Finance Platforms Sector Is Expected To Feel The Impact Of The Pandemic. The Economic Slowdown And Dynamic Changes In The Demands Will Further Affect The Growth Of The Industry. The Report Covers The Impact Analysis Of The Covid-19 Pandemic On The Overall Decentralized Finance Platforms Industry.
Some Key Highlights In The Report
In December 2020, Trusttoken Launched Defi Lending Protocol, Truefi, Allowing Users To Generate Stable, High Returns, And Enable Approved Borrowers With Quick, Fixed-Term, And Fixed-Rate With No Collaterals. The Platform Recorded Usd 35 Million In The Total Value Locked (Tvl) Within 24 Hours Of Going Live. Truefi Is Already Being Used By Alameda Research, Which Is A Quantitative Crypto Trading Firm That Operates In Crypto Derivatives Exchange Ftx.
The Data & Analytics Segment Accounted For A Significant Revenue Share In 2020. Defi Protocols Provide A Unique Advantage For Data Analysis As Well As Decision-Making Regarding Risk Management And Financial Opportunities Due To Their Transparency In Data And Network Activities. Rapid Increase In Defi Applications Has Led To The Development Of Several Dashboards And Tools That Help Users Compare Yield And Liquidity And Assess Platform Risk.
The Smart Contract Segment Accounted For A Significant Revenue Share In 2020 As It Is The Backbone Of Defi Protocols And Applications. Smart Contracts Refer To Applications Stored In Blockchain And Have Access To Financial Institutions. Smart Contracts Act As Custodians Of Digital Transactions With Customized Criteria For Details Regarding When, How, And To Whom These Assets Can Be Released.
Defi Platform Market In Europe Accounted For A Significant Revenue Share In 2020 Due To Legislations Introduced Against Terrorism, Such As Universal Legal Framework, By The European Union (Eu). Europe, Particularly The U.K., Has Been One Of The Centers Of Fintech Innovation. The Region Has The Third-Largest Center For Defi Platform Innovation After The U.S. And Singapore.
Read More: https://www.emergenresearch.com/industry-report/decentralized-finance-platforms-market
Emergen Research Has Segmented The Global Defi Platforms Market On The Basis Of Component, Application, And Region:
Component Outlook (Revenue, Usd Billion; 2018–2028)
Blockchain Technology
Decentralized Applications (Dapps)
Smart Contracts
Application Outlook (Revenue, Usd Billion; 2018–2028)
Assets Tokenization
Compliance & Identity
Marketplaces & Liquidity
Payments
Data & Analytics
Decentralized Exchanges
Prediction Industry
Stablecoins
Others
Regional Overview:
The Global Decentralized Finance Platforms Market Has Been Categorized On The Basis Of Key Geographical Regions Into North America, Asia Pacific, Europe, Latin America, And Middle East & Africa. It Evaluates The Presence Of The Global Decentralized Finance Platforms Market In The Major Regions With Regards To Market Share, Market Size, Revenue Contribution, Sales Network And Distribution Channel, And Other Key Elements.
Key Questions Addressed In The Report:
What Are The Key Factors Driving The Global Decentralized Finance Platforms Market?
Who Are The Key Manufacturers In This Market Space?
Who Are The Distributors, Traders And Dealers Of This Market?
What Are The Market Opportunities And Risks Affecting The Performance Of The Vendors In The Global Decentralized Finance Platforms Market?
What Are The Sales And Revenue Estimations For The Top Manufacturers In This Market Over The Projected Timeline?
Unfolding The Prime Factors Prompting Market Growth:
The Study Offers An In-Depth Analysis Of The Product Outlook, Which Depicts The Latest Production Growth Trends And Profit Valuation. It Further Fragments The Global Decentralized Finance Platforms Market Into A Broad Product Spectrum.
The Study Covers Essential Data Related To These Products’ Application Landscape, The Demand For And Market Share Held By Each Application Type, And Their Growth Rate Analysis Over The Estimated Period.
Table Of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Defi Platforms Market Segmentation & Impact Analysis
4.1. Defi Platforms Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
4.2.2.1. Emergence Of New Protocols
4.2.2.2. Rapid Innovation
4.2.3. Market Restraints Analysis
4.2.3.1. Volatility In Prices
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price Trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Defi Platforms Market By Component Insights & Trends Revenue (Usd Billion)
5.1. Component Dynamics & Market Share, 2021 & 2028
5.1.1. Blockchain Technology
5.1.2. Decentralized Applications (Dapps)
5.1.3. Smart Contracts
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