Decentralized Finance (DeFi) Market: Innovations, Growth Trends, and Future Prospects
Decentralized Finance Market size was valued at USD 17.37 Billion in 2022 and is expected to reach USD 229.60 Billion by 2029, exhibiting a CAGR of 44.6% during the forecast period (2023-2029) The Decentralized Finance, also known as DeFi, aims to democratize finance by replacing legacy, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services, from everyday banking, loans and mortgages, to complicated contractual relationships and asset trading.
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