DeFi
Decentralized Finance (DeFi) Market to Surpass $446.43 Billion by 2031
SkyQuest Technology Consulting Pvt. Ltd.
Westford, United States, May 20, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Global Decentralized Finance (DeFi) Market will reach a value of USD 446.43 billion by 2031, growing at a CAGR of 46.80% over the forecast period (2024-2031). Its increase during the projection period was driven by the strong scalability, improved functionality and security of decentralized finance globally. The entry of many people into the digital asset space will ensure the future growth of the decentralized finance (DeFi) market. This remarkable growth is partly a result of the surge in esports activities globally.
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Browse the in-depth table of contents on “Decentralized Finance (DeFi) Market”
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Pages – 197
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Paintings – 95
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Numbers – 70
Decentralized Finance (DeFi) Market Overview:
Report cover |
Details |
Market revenue in 2023 |
$20.69 billion |
Estimated value by 2031 |
$446.43 billion |
Rate of growth |
Poised to grow at a CAGR of 46.80% |
Forecast period |
2024-2031 |
Forecast units |
Value (in billions USD) |
Report cover |
Revenue Forecast, Competitive Landscape, Growth Factors and Trends |
Segments covered |
Component, application and industry |
Geographies covered |
North America, Europe, Asia Pacific and Rest of the World |
Highlights of the report |
Institutional interest in exploring opportunities related to DeFi evolution and user accessibility |
Main market opportunities |
Closing the global gap in financial inclusion and Defi immutability |
Key Market Drivers |
Growing demand in esports and gaming |
Execution of smart contracts helps the component dominate the market
The most notable feature that makes blockchain technology superior in the global Defi industry is the decentralization that allows for transparency and honesty. Smart contracts can execute automatically reliable transactions due to this decentralized structure, this way institutional investors who want security may find it attractive as the reliability of blockchains has made them popular within the Defi ecosystem.
Removing centralized control promotes financial inclusion for applications that are growing at a rapid pace
Decentralized finance applications reduce costs and improve accessibility by eliminating middlemen. This factor contributes to their growth in the global DeFi market. The lack of centralized control allows for economic interactions that do not depend on the permission of others while promoting, among other things, financial inclusion, thus enabling all these benefits at lower prices. This is why different types of users are flocking to decentralized financial services in search of truly borderless financial services.
The story continues
To be the largest cryptocurrency market in the region, allowing the North to dominate the decentralized finance (DeFi) market
In North America, decentralized finance appears to be the industry with the largest number of well-established companies. Additionally, one of the largest cryptocurrency markets is in North America and therefore has the potential to incubate DeFi systems. Europe ranks second in decentralized financial markets as companies providing DeFi technology solutions enjoy certain advantages there. The monopoly on the distribution of money, financial products and financial services by banks and other financial institutions is overthrown by such a system. Additionally, it eliminates user fees that banks and other financial institutions charge consumers.
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Decentralized Finance (DeFi) Market Overview
Drivers:
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Access financial products without the need for a traditional bank account
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Growing demand in esports and gaming
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Growing use of digital currency
Constraints:
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Risks associated with smart contracts
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Regulators are a cause for concern
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The decentralized nature of the Defi is too difficult to manage
Leading Players in the Global Decentralized Finance (DeFi) Market
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Dapper Labs, Inc. (Canada)
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Badger DAO (United States)
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Bancor network (Switzerland)
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Curve Finance (United States)
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MakerDAO (United States)
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SushiSwap (Japan)
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Uniswap (United States)
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Synthetix (Australia)
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Balancer (United States)
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Compound Labs, Inc. (United States)
View report summary and table of contents (TOC):
https://www.skyquestt.com/report/decentralized-finance-market
Key Questions Answered in the Global Decentralized Finance (DeFi) Market Report
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What role does the elimination of centralized control play in the explosive rise of decentralized finance applications in the global DeFi market?
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What are the driving forces behind the supremacy of blockchain technology in the global DeFi market, and how is it attracting institutional investors?
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What advantages does North America offer DeFi systems over other regions, and why has it become the dominant force in the decentralized finance (DeFi) market?
This report provides the following information:
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Analysis of key factors (exponential growth of electronic sports betting, anonymous direct payments without putting one’s own money at risk, rapid increase in the use of cryptocurrencies and decentralized technology used by the cryptocurrency market), constraints (different countries have frameworks different legal conditions, severe clauses). & poorly designed contracts and attacks on blockchain networks), opportunities (improved user experiences are increasing, the creation of intuitive DeFi platforms and DeFi offerings are governed by central entities) and challenges (there is no There are no equivalent guarantees in DeFi and DeFi runs a significant risk of being compromised) influencing the growth of the decentralized finance (DeFi) market
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Market Penetration: Comprehensive information on product portfolios offered by major players in the decentralized finance (DeFi) market
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Product Development/Innovation: Detailed information on upcoming trends, R&D activities and product launches in the decentralized finance (DeFi) market
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Market Development: Comprehensive Information on Lucrative Emerging Regions
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Market Diversification: Comprehensive information on new products, growing geographies and recent market developments
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Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue and product analysis of key market players.
Related reports:
Global Fintech Blockchain Market
Global Blockchain in Healthcare Market
Global Blockchain as a Service Market
About Us:
SkyQuest is an intellectual property-focused research and investment bank and technology and asset accelerator. We provide access to technologies, markets and finance across all sectors viz. Life sciences, CleanTech, AgriTech, NanoTech and information and communication technologies.
We work closely with innovators, inventors, innovation researchers, entrepreneurs, businesses and investors to leverage external sources of R&D. In addition, we help them optimize the economic potential of their intellectual assets. Our experiences in innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache track,
Westford,
Massachusetts 01886
United States (+1) 351-333-4748
E-mail: sales@skyquestt.com
Visit our website: https://www.skyquestt.com/
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Check Price action
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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