Decentralized Finance, commonly known as DeFi, refers to the ecosystem of financial applications and services built on blockchain technology. Unlike traditional finance, which relies on centralized institutions such as banks and intermediaries, DeFi operates on decentralized networks like Ethereum, Binance Smart Chain, and others.
Tag: Decentralized Finance Market Share
Decentralized Finance Market Segments, Demand, Revenue and Forecast to 2032
The Decentralized Finance market is projected to grow from USD 20.69 Billion in 2023 to USD 446.43 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 46.80% during the forecast period (2023 – 2032).