The North America Decentralized Finance Market would witness market growth of 41.8% CAGR during the forecast period (2022-2028).
DeFi platforms were used to increase efficiency, which helped the sector thrive. Since developers utilize DeFi tokens for in-app purchases, a rise in e-sports and gaming has also been noted as a key driver for DeFi platforms. On the blockchain, trading games and collectibles are also growing in popularity as genres since they allow users to trade tokens and develop their own ecosystem. For example, DeFi platforms like Augur enabled individuals to wager on a variety of things, including sports, economics, and world events.
Over the forecast period, it is expected that the introduction of blockchain-based prediction systems will present growth prospects for the sector.The benefits provided by DeFi technology suppliers are fostering the sector's expansion. The system abolishes the control that banks and other financial institutions have on money, financial products, and financial services. Additionally, it eliminates the service usage fees that banks and other financial organizations apply.
The ability to send money across the globe, deposit money in cryptocurrency wallets, as well as trade tokenized versions of investment opportunities such as stocks and mutual funds are just a few of the DeFi platform features that are expected to increase usage as a result of its accessibility to anyone with an internet connection.
The adoption of decentralized finance is being sparked by the widespread interest in cryptocurrencies in the United States of America. While the US government lags several other nations in its legal acceptance and use of cryptocurrencies with DeFi capabilities, private sector actors in the US are setting the pace for the adoption of decentralized finance. The majority of blockchain-based cryptocurrency acceptance in the US is being pushed by miners, traders, and speculators looking for new revenue streams.
The US market dominated the North America Decentralized Finance Market by Country in 2021; thereby, achieving a market value of $32,310.8 million by 2028. The Canada market is experiencing a CAGR of 45% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 43.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Decentralized Finance Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Decentralized Finance Market, by Component
1.4.2 North America Decentralized Finance Market, by Application
1.4.3 North America 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. North America Decentralized Finance Market by Component
3.1 North America Blockchain Technology Market by Country
3.2 North America Decentralized Applications (dApps) Market by Country
3.3 North America Smart Contracts Market by Country
Chapter 4. North America Decentralized Finance Market by Application
4.1 North America Data & Analytics Market by Country
4.2 North America Decentralized Exchanges Market by Country
4.3 North America Payments Market by Country
4.4 North America Stablecoins Market by Country
4.5 North America Marketplaces & Liquidity Market by Country
4.6 North America Compliance & Identity Market by Country
4.7 North America Prediction Industry Market by Country
4.8 North America Assets Tokenization Market by Country
4.9 North America Others Market by Country
Chapter 5. North America Decentralized Finance Market by Country
5.1 US Decentralized Finance Market
5.1.1 US Decentralized Finance Market by Component
5.1.2 US Decentralized Finance Market by Application
5.2 Canada Decentralized Finance Market
5.2.1 Canada Decentralized Finance Market by Component
5.2.2 Canada Decentralized Finance Market by Application
5.3 Mexico Decentralized Finance Market
5.3.1 Mexico Decentralized Finance Market by Component
5.3.2 Mexico Decentralized Finance Market by Application
5.4 Rest of North America Decentralized Finance Market
5.4.1 Rest of North America Decentralized Finance Market by Component
5.4.2 Rest of North America 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 North America Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 2 North America Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 3 North America Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Blockchain Technology Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Blockchain Technology Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Decentralized Applications (dApps) Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Decentralized Applications (dApps) Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Smart Contracts Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Smart Contracts Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 12 North America Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 13 North America Data & Analytics Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Data & Analytics Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Decentralized Exchanges Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Decentralized Exchanges Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Payments Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Payments Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Stablecoins Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Stablecoins Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Marketplaces & Liquidity Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Marketplaces & Liquidity Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Compliance & Identity Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Compliance & Identity Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Prediction Industry Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Prediction Industry Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Assets Tokenization Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Assets Tokenization Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Decentralized Finance Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Decentralized Finance Market by Country, 2022 - 2028, USD Million
TABLE 33 US Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 34 US Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 35 US Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 36 US Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 37 US Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 38 US Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 39 Canada Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 40 Canada Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 41 Canada Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 42 Canada Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 43 Canada Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 44 Canada Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 45 Mexico Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 46 Mexico Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 47 Mexico Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 48 Mexico Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 49 Mexico Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 50 Mexico Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 51 Rest of North America Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 54 Rest of North America Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 55 Rest of North America Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 56 Rest of North America Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 57 Key Information – Aave
TABLE 58 Key Information – Balancer Labs
TABLE 59 Key Information – Compound Labs, Inc.
TABLE 60 Key Information – Badger DAO
TABLE 61 Key Information – Bancor
TABLE 62 Key Information – Sushiswap
TABLE 63 Key Information – MakerDAO
TABLE 64 Key Information – Synthetix
TABLE 65 Key Information – curve finance
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: AAVE