The Asia Pacific Decentralized Finance Market would witness market growth of 43.8% CAGR during the forecast period (2022-2028).
A decentralized autonomous organization (DAO), also known as a decentralized autonomous corporation (DAC), is an organization whose members determine the rules that make up the organization's representation in a computer programme. A DAO employs blockchain technology to create a digital ledger and to keep track of its financial transactions and programme rules. Usually, digital ledgers are employed to document all transactions which take place among cryptocurrency customers to manage financial interactions via the internet. A blockchain digital ledger refers to a computer file wherein monetary and financial activities are recorded.
DeFi transactions are managed via smart contracts, a self-executing contract in which the details of the agreement among the seller and the buyer are directly encoded into lines of code. Transactions are traceable and irreversible, and the code regulates their execution. In contrast, decentralized exchanges (DEXs) enable peer-to-peer transactions without the requirement for a middleman to function as a custodian of the funds.
DeFi protocols & applications are created to integrate and enhance one another thanks to Ethereum's modular software architecture. DeFi gives product teams and developers the freedom to extend already-existing protocols, alter user interfaces, and include third-party software. Every transaction is broadcasted to and validated by other network users on the open Ethereum blockchain.
The adoption of decentralized finance is made possible by Asia's high percentage of digital literacy, mobile internet access, and consumer generation that is well-versed in technology. Decentralized finance is becoming more popular in India as a crypto innovation. Decentralized finance (DeFi) proponents in India contend that it would give millions of adult Indians who do not have bank accounts access to decentralized financial services as well as low-cost borrowing and lending options.
The China market dominated the Asia Pacific Decentralized Finance Market by Country in 2021; thereby, achieving a market value of $10,395.1 million by 2028. The Japan market is exhibiting a CAGR of 42.9% during (2022-2028). Additionally, The India market is obtained to grow at a CAGR of 44.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
A decentralized autonomous organization (DAO), also known as a decentralized autonomous corporation (DAC), is an organization whose members determine the rules that make up the organization's representation in a computer programme. A DAO employs blockchain technology to create a digital ledger and to keep track of its financial transactions and programme rules. Usually, digital ledgers are employed to document all transactions which take place among cryptocurrency customers to manage financial interactions via the internet. A blockchain digital ledger refers to a computer file wherein monetary and financial activities are recorded.
DeFi transactions are managed via smart contracts, a self-executing contract in which the details of the agreement among the seller and the buyer are directly encoded into lines of code. Transactions are traceable and irreversible, and the code regulates their execution. In contrast, decentralized exchanges (DEXs) enable peer-to-peer transactions without the requirement for a middleman to function as a custodian of the funds.
DeFi protocols & applications are created to integrate and enhance one another thanks to Ethereum's modular software architecture. DeFi gives product teams and developers the freedom to extend already-existing protocols, alter user interfaces, and include third-party software. Every transaction is broadcasted to and validated by other network users on the open Ethereum blockchain.
The adoption of decentralized finance is made possible by Asia's high percentage of digital literacy, mobile internet access, and consumer generation that is well-versed in technology. Decentralized finance is becoming more popular in India as a crypto innovation. Decentralized finance (DeFi) proponents in India contend that it would give millions of adult Indians who do not have bank accounts access to decentralized financial services as well as low-cost borrowing and lending options.
The China market dominated the Asia Pacific Decentralized Finance Market by Country in 2021; thereby, achieving a market value of $10,395.1 million by 2028. The Japan market is exhibiting a CAGR of 42.9% during (2022-2028). Additionally, The India market is obtained to grow at a CAGR of 44.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Decentralized Finance Market by Component
Chapter 4. Asia Pacific Decentralized Finance Market by Application
Chapter 5. Asia Pacific Decentralized Finance Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Aave
- Balancer Labs
- Compound Labs, Inc.
- Badger DAO
- Bancor
- SushiSwap (Yearn Finance)
- MakerDao
- Synthetix
- Curve Finance
Methodology
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