Decentralized Finance Market by Component, Application, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 152

SKU: IRTNTR75625

Snapshot

Decentralized Finance Market Forecast 2023-2027

The Decentralized Finance (DeFi) Market size is estimated to increase by USD 99.65 billion and grow at a CAGR of 40.32% between 2022 and 2027. The market's growth is contingent upon various factors, including increased investment in digital assets, improved cash flow contributing to business expansion, and heightened spending in fintech. However, challenges such as concerns regarding data privacy and security in decentralized finance, inadequate government support, and the prevalence of centralized finance pose obstacles to market advancement.

What will be the Size of the Decentralized Finance Market During the Forecast Period?

Market Forecast 2023-2027

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Segmentation

This report extensively covers market segmentation by component (blockchain technology, decentralized application, and smart contracts), application (data and analytics, assets tokenization, payment, and others), and geography (Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Component Segment Analysis:

The blockchain technology segment will account for a major share of the market's growth during the forecast period. Blockchain technology is one of the leading innovations in the finance industry, mainly adopted to reduce fraud, ensure quick and secure transactions and financial operations, and help to manage risk within the interconnected global financial system.

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The blockchain technology segment was valued at USD 1.69 billion in 2017 and continued to grow until 2021. The blockchain adoption rate increased by 51% in 2021 compared to 2018. In July 2021, Oracle Financial Services Software Ltd, a unit of Oracle Corp., teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offering. Blockchain technology can make the financial system more efficient as the whole process can be completed faster, and data can be stored chronologically in a blockchain system and cannot be tampered with once stored. Investors can create a digital ID that contains all information, such as income, credit score, etc., in one place or in a blockchain network. Thus, increasing focus on blockchain technology by financial institutions such as banks coupled with the advantages of blockchain technology in finance processing will drive the market in focus during the forecast period.

Application Segment Analysis:

Based on application, the market has been segmented into data and analytics, assets tokenization, payment, and others. The data and analytics segment will account for the largest share of this segment. The financial industry has witnessed the use of analytical tools to offer data-driven insights to improve efficiencies across business functions such as financial transactions. With the help of analytical tools, money lenders can check credit scores, when combined with income and other existing debts, to create a detailed profile of a borrower and, thereby, reduce delinquency rates. Organizations can speed up their lending process and serve multiple clients in a short period of time by using tools such as decision engines. Moreover, banks are using data and analytics solutions to streamline their overall operations and save costs and time. Thus, with the help of advanced analytics technologies, lenders can predict when a borrower will repay the amount.

Regional Analysis

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North America is estimated to contribute 57% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The US and Canada are among the key countries contributing to the growth of the regional market in focus. The US dominates the market and is a major revenue contributor, primarily because the US is an early adopter of advanced technologies such as blockchain across banking and financial institutions. The ever-expanding startups further exemplify the attractiveness of the market in Silicon Valley. All these factors have made the US one of the leading countries in the regional market. The presence of key vendors such as HydraDX and Compound Protocol has contributed significantly to the technology and, thus, driving the regional market in focus.

Market Dynamics and Customer Landscape

The market is witnessing remarkable growth, driven by the innovative integration of blockchain technology into financial services. DeFi platforms offer a decentralized alternative to traditional centralized financial institutions, providing greater financial inclusion and stability. Powered by blockchain platforms like Ethereum, DeFi tokens facilitate peer-to-peer lending, tokenized assets, and decentralized exchanges (DEXs), enhancing financial accessibility and efficiency. Augur and other blockchain-based prediction solutions further revolutionize the market dynamics. Despite concerns about volatility and transaction costs, DeFi's automated governance arrangements and execution speed ensure equitable participation. With the Ethereum 2.0 network expanding DeFi capabilities and fostering decentralized applications (dApps) like Balancer, the market continues to evolve, promising transformative impacts on the insurance industry, e-sports, gaming, and broader financial services landscape. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Rising investment in digital assets

The adoption of decentralized finance (DeFi) and blockchain platforms is revolutionizing traditional financial systems by eliminating the need for intermediaries and paperwork in transactions. This innovation allows for rapid ownership transfers of digital assets, reducing costs and delays associated with conventional securities issuance and cross-border commerce. DeFi technology providers, such as Augur, offer blockchain-based prediction solutions, while decentralized exchanges (DEXs) like Balancer facilitate peer-to-peer lending and trading of DeFi tokens. Despite challenges such as data privacy concerns and volatility, the growing interest in DeFi promotes financial inclusion, stability, and equitable participation, driving the expansion of the decentralized finance market and the adoption of digital assets globally.

Trends - Increasing adoption of technology

Technology is an important part of businesses across industries, such as banking, financial services, and insurance (BFSI). Technological innovations, the adoption of automation, and a certain level of standardization have been achieved in trade financing in the last few years. The embedment of technologies such as blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) in these services is expected to solve banking and trade financing challenges.

However, these technologies use predictive analytics to provide enterprises with plans for opportunities and specific problems in the market. Moreover, AI technology helps in understanding the concerns of the trading partner and suggests actions to resolve concerns, recognize patterns, and anticipate demand. Such factors will positively impact the market in focus during the forecast period.

Challenge - Data privacy and security concerns

Data privacy and security concerns is a major challenge to the growth of the global DeFi market. These service providers gather personal data and information about the customers using cookies to customize the advertising messages and thereby target the key audience. Using cookies, service providers can gather data on customer profiling, behavior, and data mining. The indiscriminate use of data can infringe on the privacy of a customer. In addition, location-based services also come under the purview of privacy concerns, as these kinds of offerings and services require real-time location-based information of the consumers. The data collected using smartphone devices are processed and stored by vendors and can be misused.

As smartphones are used in monetary transactions in real-time, data theft can lead to financial losses for consumers. Hence, consumers are reluctant to reveal their bank account details for online transactions because of security concerns. The possibility of unauthorized access to customer data discourages the adoption, which in turn negatively impacts the market in focus during the forecast period.

Who are the Major Decentralized Finance Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Avara UI Labs Ltd.: The company offers decentralized finance through its platform called Aave Liquidity protocol.

Balancer Foundation: The company offers decentralized finance through DeFi liquidity Curve.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market players, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Component Outlook
- Blockchain technology
- Decentralized application
- Smart contracts

Application Outlook
- Data and analytics
- Assets tokenization
- Payment
- Others

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chili
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing rapid expansion fueled by innovations in blockchain platforms, particularly Ethereum 2.0, and the integration of DeFi technology providers into the financial sector. DeFi protocols enable peer-to-peer lending, asset management, and liquidity mining, fostering financial inclusion and stability. However, challenges such as data privacy concerns persist, prompting the development of compliant solutions like DeFi insurance. Institutional investors are increasingly exploring DeFi tokens and tokenized assets on decentralized exchanges (DEXs) like Bancor Network. With a focus on compliance, identity, and governance arrangements, DeFi platforms aim to provide equitable participation and execution speed while addressing volatility and transaction costs. MetaMask and Badger DAO are prominent players in this burgeoning ecosystem, revolutionizing payments, prediction markets, and gaming through decentralized applications (dApps) and non-fungible tokens (NFTs).

The market is experiencing rapid growth driven by various factors. DeFi leverages blockchain-based prediction solutions and distributed ledger technologies (DLT) like Augur and Ethereum 2.0 network to revolutionize financial services. It eliminates intermediaries, ensuring financial stability and empowering market participants. Crypto asset exchange platforms facilitate trading in cryptocurrencies and stablecoins, enhancing liquidity in the market. DeFi platforms enable peer-to-peer (P2P) transactions, promoting transparency and security in the insurance industry. However, challenges such as data privacy concerns persist, particularly in centralized financial institutions. Despite this, the DeFi market continues to expand, offering innovative solutions for financial market participants while shaping the future of finance with its emphasis on decentralization and blockchain technology.

Decentralized Finance Market Scope
Report Coverage	Details
Page number	152
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 40.32%
Market growth 2023-2027	USD 99.65 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	40.0
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 57%
Key countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Avalanche BVI Inc., Avara UI Labs Ltd., Balancer Foundation, BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX, Jeeves Information Systems AB, PERI Finance, Polkastarter, Polygon Labs, Stichting AllianceBlock Foundation, Sushi, Synthetix DAO, and The Huobi Platform
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global decentralized finance market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global decentralized finance market 2017 - 2021 ($ million)

4.2 Component Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
- Exhibit 30: Chart on Component - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

6.2 Comparison by Component
- Exhibit 32: Chart on Comparison by Component
- Exhibit 33: Data Table on Comparison by Component

6.3 Blockchain technology - Market size and forecast 2022-2027
- Exhibit 34: Chart on Blockchain technology - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Blockchain technology - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Blockchain technology - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Blockchain technology - Year-over-year growth 2022-2027 (%)

6.4 Decentralized application - Market size and forecast 2022-2027
- Exhibit 38: Chart on Decentralized application - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Decentralized application - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Decentralized application - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Decentralized application - Year-over-year growth 2022-2027 (%)

6.5 Smart contracts - Market size and forecast 2022-2027
- Exhibit 42: Chart on Smart contracts - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Smart contracts - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Smart contracts - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Smart contracts - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Component
- Exhibit 46: Market opportunity by Component ($ million)
- Exhibit 47: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Data and analytics - Market size and forecast 2022-2027
- Exhibit 52: Chart on Data and analytics - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Data and analytics - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Data and analytics - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Data and analytics - Year-over-year growth 2022-2027 (%)

7.4 Assets tokenization - Market size and forecast 2022-2027
- Exhibit 56: Chart on Assets tokenization - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Assets tokenization - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Assets tokenization - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Assets tokenization - Year-over-year growth 2022-2027 (%)

7.5 Payment - Market size and forecast 2022-2027
- Exhibit 60: Chart on Payment - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Payment - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Payment - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Payment - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Application
- Exhibit 68: Market opportunity by Application ($ million)
- Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027
- Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027
- Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Avara UI Labs Ltd.
- Exhibit 123: Avara UI Labs Ltd. - Overview
- Exhibit 124: Avara UI Labs Ltd. - Product / Service
- Exhibit 125: Avara UI Labs Ltd. - Key offerings

12.4 Balancer Foundation
- Exhibit 126: Balancer Foundation - Overview
- Exhibit 127: Balancer Foundation - Product / Service
- Exhibit 128: Balancer Foundation - Key offerings

12.5 Brokoli OU
- Exhibit 129: Brokoli OU - Overview
- Exhibit 130: Brokoli OU - Product / Service
- Exhibit 131: Brokoli OU - Key offerings

12.6 Coinbase Global Inc.
- Exhibit 132: Coinbase Global Inc. - Overview
- Exhibit 133: Coinbase Global Inc. - Product / Service
- Exhibit 134: Coinbase Global Inc. - Key offerings

12.7 Compound Protocol
- Exhibit 135: Compound Protocol - Overview
- Exhibit 136: Compound Protocol - Product / Service
- Exhibit 137: Compound Protocol - Key offerings

12.8 CoW DaO
- Exhibit 138: CoW DaO - Overview
- Exhibit 139: CoW DaO - Product / Service
- Exhibit 140: CoW DaO - Key offerings

12.9 Goldfinch Technology Co.
- Exhibit 141: Goldfinch Technology Co. - Overview
- Exhibit 142: Goldfinch Technology Co. - Product / Service
- Exhibit 143: Goldfinch Technology Co. - Key offerings

12.10 HydraDX
- Exhibit 144: HydraDX - Overview
- Exhibit 145: HydraDX - Product / Service
- Exhibit 146: HydraDX - Key offerings

12.11 Jeeves Information Systems AB
- Exhibit 147: Jeeves Information Systems AB - Overview
- Exhibit 148: Jeeves Information Systems AB - Product / Service
- Exhibit 149: Jeeves Information Systems AB - Key offerings

12.12 PERI Finance
- Exhibit 150: PERI Finance - Overview
- Exhibit 151: PERI Finance - Product / Service
- Exhibit 152: PERI Finance - Key offerings

12.13 Polygon Labs
- Exhibit 153: Polygon Labs - Overview
- Exhibit 154: Polygon Labs - Product / Service
- Exhibit 155: Polygon Labs - Key offerings

12.14 Stichting AllianceBlock Foundation
- Exhibit 156: Stichting AllianceBlock Foundation - Overview
- Exhibit 157: Stichting AllianceBlock Foundation - Product / Service
- Exhibit 158: Stichting AllianceBlock Foundation - Key offerings

12.15 Sushi
- Exhibit 159: Sushi - Overview
- Exhibit 160: Sushi - Product / Service
- Exhibit 161: Sushi - Key offerings

12.16 Synthetix DAO
- Exhibit 162: Synthetix DAO - Overview
- Exhibit 163: Synthetix DAO - Product / Service
- Exhibit 164: Synthetix DAO - Key offerings

12.17 The Huobi Platform
- Exhibit 165: The Huobi Platform - Overview
- Exhibit 166: The Huobi Platform - Product / Service
- Exhibit 167: The Huobi Platform - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources

13.5 List of abbreviations
- Exhibit 174: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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