The Latin America, Middle East and Africa Decentralized Finance Market would witness market growth of 47.0% CAGR during the forecast period (2022-2028).
The open source code used to create Ethereum and the DeFi protocols that run on it is also accessible to anybody for review, audit, and development. DeFi, in contrast to traditional finance, is characterized by its open, permission less access. Everyone with a crypto wallet and an Internet connection could access DeFi applications created on Ethereum, irrespective of the location and frequently without any minimum quantity of funds being required.
The term "decentralized exchange" (DEX) refers to cryptocurrency exchanges that function decentralized, allowing users to conduct peer-to-peer transactions and retain ownership of their funds. Since crypto assets never come into the exchange's possession, DEXs lessen the danger of price manipulation, hacking, and theft. Additionally, DEXs provide token projects with listing-fee-free access to liquidity that frequently rivals that of centralized exchanges.
While order books and other services may be hosted by centralized servers, users' private keys are not kept on such servers in some exchanges that use decentralization to varying degrees. At the moment, DEXs like AirSwap, Liquality, Oasis, and Uniswap are common in the DeFi space. Aggregators of DeFi liquidity data, like MetaMask Swaps, improve trading experiences by giving DeFi customers unmatched knowledge, allowing them to choose the best price quote and the lower failure rates for the particular quote.
In South America, Brazil is setting the pace for the implementation of decentralized finance. According to a ConsenSys poll, Brazil has the most DeFi portfolio customers in the region. The trend away from considering cryptocurrencies as actual money and toward seeing them as an alternative asset class that may aid people in achieving certain financial goals is what is fueling the expansion of decentralized finance in Brazil. In order to safeguard their personal wealth and as a method to protect against economic volatility, inhabitants of Argentina and Venezuela have begun to move away from using fiat money in favour of trading and saving in digital assets & blockchain money options.
The Brazil market dominated the LAMEA Decentralized Finance Market by Country in 2021; thereby, achieving a market value of $2,146 million by 2028. The Argentina market is experiencing a CAGR of 47.7% during (2022 - 2028). Additionally, The UAE market is exhibiting a CAGR of 46.6% during (2022 - 2028).
Based on Component, the market is segmented into Blockchain Technology, Decentralized Applications (dApps), and Smart Contracts. Based on Application, the market is segmented into Data & Analytics, Decentralized Exchanges, Payments, Stablecoins, Marketplaces & Liquidity, Compliance & Identity, Prediction Industry, Assets Tokenization, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Decentralized Finance Market is Predict to reach $125.1 Billion by 2028, at a CAGR of 42.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aave, Balancer Labs, Compound Labs, Inc., Badger DAO, Bancor, SushiSwap (Yearn Finance), MakerDao, Synthetix and Curve Finance
Scope of the Study
Market Segments Covered in the Report:
By Component
- Blockchain Technology
- Decentralized Applications (dApps)
- Smart Contracts
By Application
- Data & Analytics
- Decentralized Exchanges
- Payments
- Stablecoins
- Marketplaces & Liquidity
- Compliance & Identity
- Prediction Industry
- Assets Tokenization
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aave
- Balancer Labs
- Compound Labs, Inc.
- Badger DAO
- Bancor
- SushiSwap (Yearn Finance)
- MakerDao
- Synthetix
- Curve Finance
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Decentralized Finance Market, by Component
1.4.2 LAMEA Decentralized Finance Market, by Application
1.4.3 LAMEA Decentralized Finance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Decentralized Finance Market by Component
3.1 LAMEA Blockchain Technology Market by Country
3.2 LAMEA Decentralized Applications (dApps) Market by Country
3.3 LAMEA Smart Contracts Market by Country
Chapter 4. LAMEA Decentralized Finance Market by Application
4.1 LAMEA Data & Analytics Market by Country
4.2 LAMEA Decentralized Exchanges Market by Country
4.3 LAMEA Payments Market by Country
4.4 LAMEA Stablecoins Market by Country
4.5 LAMEA Marketplaces & Liquidity Market by Country
4.6 LAMEA Compliance & Identity Market by Country
4.7 LAMEA Prediction Industry Market by Country
4.8 LAMEA Assets Tokenization Market by Country
4.9 LAMEA Others Market by Country
Chapter 5. LAMEA Decentralized Finance Market by Country
5.1 Brazil Decentralized Finance Market
5.1.1 Brazil Decentralized Finance Market by Component
5.1.2 Brazil Decentralized Finance Market by Application
5.2 Argentina Decentralized Finance Market
5.2.1 Argentina Decentralized Finance Market by Component
5.2.2 Argentina Decentralized Finance Market by Application
5.3 UAE Decentralized Finance Market
5.3.1 UAE Decentralized Finance Market by Component
5.3.2 UAE Decentralized Finance Market by Application
5.4 Saudi Arabia Decentralized Finance Market
5.4.1 Saudi Arabia Decentralized Finance Market by Component
5.4.2 Saudi Arabia Decentralized Finance Market by Application
5.5 South Africa Decentralized Finance Market
5.5.1 South Africa Decentralized Finance Market by Component
5.5.2 South Africa Decentralized Finance Market by Application
5.6 Nigeria Decentralized Finance Market
5.6.1 Nigeria Decentralized Finance Market by Component
5.6.2 Nigeria Decentralized Finance Market by Application
5.7 Rest of LAMEA Decentralized Finance Market
5.7.1 Rest of LAMEA Decentralized Finance Market by Component
5.7.2 Rest of LAMEA Decentralized Finance Market by Application
Chapter 6. Company Profiles
6.1 Aave
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Product Launches and Product Expansions:
6.2 Balancer Labs
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Product Launches and Product Expansions:
6.3 Compound Labs, Inc.
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Product Launches and Product Expansions:
6.4 Badger DAO
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 Bancor
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches and Product Expansions:
6.6 SushiSwap(Yearn Finance)
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Partnerships, Collaborations, and Agreements:
6.7 MakerDAO
6.7.1 Company Overview
6.8 Synthetix
6.8.1 Company Overview
6.9 Curve Finance
6.9.1 Company Overview
TABLE 1 LAMEA Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Blockchain Technology Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Blockchain Technology Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Decentralized Applications (dApps) Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Decentralized Applications (dApps) Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Smart Contracts Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Smart Contracts Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 12 LAMEA Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 13 LAMEA Data & Analytics Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Data & Analytics Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Decentralized Exchanges Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Decentralized Exchanges Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Payments Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Payments Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Stablecoins Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Stablecoins Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Marketplaces & Liquidity Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Marketplaces & Liquidity Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Compliance & Identity Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Compliance & Identity Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Prediction Industry Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Prediction Industry Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Assets Tokenization Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Assets Tokenization Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Decentralized Finance Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Decentralized Finance Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 34 Brazil Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 35 Brazil Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 36 Brazil Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 37 Brazil Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 38 Brazil Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 39 Argentina Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 40 Argentina Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 41 Argentina Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 42 Argentina Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 43 Argentina Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 44 Argentina Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 45 UAE Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 46 UAE Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 47 UAE Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 48 UAE Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 49 UAE Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 50 UAE Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 57 South Africa Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 58 South Africa Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 59 South Africa Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 60 South Africa Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 61 South Africa Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 62 South Africa Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 63 Nigeria Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 64 Nigeria Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 65 Nigeria Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 66 Nigeria Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 67 Nigeria Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 68 Nigeria Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of LAMEA Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 70 Rest of LAMEA Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 71 Rest of LAMEA Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of LAMEA Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 75 Key Information – Aave
TABLE 76 Key Information – Balancer Labs
TABLE 77 Key Information – Compound Labs, Inc.
TABLE 78 Key Information – Badger DAO
TABLE 79 Key Information – Bancor
TABLE 80 Key Information – Sushiswap
TABLE 81 Key Information – MakerDAO
TABLE 82 Key Information – Synthetix
TABLE 83 Key Information – curve finance
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: AAVE