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.
Free Valuable Insights: The Worldwide Decentralized Finance Market is Projected to reach USD 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
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Decentralized Finance Market, by Component
1.4.2 Asia Pacific Decentralized Finance Market, by Application
1.4.3 Asia Pacific 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. Asia Pacific Decentralized Finance Market by Component
3.1 Asia Pacific Blockchain Technology Market by Country
3.2 Asia Pacific Decentralized Applications (dApps) Market by Country
3.3 Asia Pacific Smart Contracts Market by Country
Chapter 4. Asia Pacific Decentralized Finance Market by Application
4.1 Asia Pacific Data & Analytics Market by Country
4.2 Asia Pacific Decentralized Exchanges Market by Country
4.3 Asia Pacific Payments Market by Country
4.4 Asia Pacific Stablecoins Market by Country
4.5 Asia Pacific Marketplaces & Liquidity Market by Country
4.6 Asia Pacific Compliance & Identity Market by Country
4.7 Asia Pacific Prediction Industry Market by Country
4.8 Asia Pacific Assets Tokenization Market by Country
4.9 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Decentralized Finance Market by Country
5.1 China Decentralized Finance Market
5.1.1 China Decentralized Finance Market by Component
5.1.2 China Decentralized Finance Market by Application
5.2 Japan Decentralized Finance Market
5.2.1 Japan Decentralized Finance Market by Component
5.2.2 Japan Decentralized Finance Market by Application
5.3 India Decentralized Finance Market
5.3.1 India Decentralized Finance Market by Component
5.3.2 India Decentralized Finance Market by Application
5.4 South Korea Decentralized Finance Market
5.4.1 South Korea Decentralized Finance Market by Component
5.4.2 South Korea Decentralized Finance Market by Application
5.5 Singapore Decentralized Finance Market
5.5.1 Singapore Decentralized Finance Market by Component
5.5.2 Singapore Decentralized Finance Market by Application
5.6 Malaysia Decentralized Finance Market
5.6.1 Malaysia Decentralized Finance Market by Component
5.6.2 Malaysia Decentralized Finance Market by Application
5.7 Rest of Asia Pacific Decentralized Finance Market
5.7.1 Rest of Asia Pacific Decentralized Finance Market by Component
5.7.2 Rest of Asia Pacific 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 Asia Pacific Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Blockchain Technology Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Blockchain Technology Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Decentralized Applications (dApps) Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Decentralized Applications (dApps) Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Smart Contracts Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Smart Contracts Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Data & Analytics Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Data & Analytics Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Decentralized Exchanges Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Decentralized Exchanges Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Payments Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Payments Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Stablecoins Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Stablecoins Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Marketplaces & Liquidity Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Marketplaces & Liquidity Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Compliance & Identity Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Compliance & Identity Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Prediction Industry Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Prediction Industry Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Assets Tokenization Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Assets Tokenization Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Decentralized Finance Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Decentralized Finance Market by Country, 2022 - 2028, USD Million
TABLE 33 China Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 34 China Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 35 China Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 36 China Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 37 China Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 38 China Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 39 Japan Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 40 Japan Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 41 Japan Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 42 Japan Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 43 Japan Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 44 Japan Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 45 India Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 46 India Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 47 India Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 48 India Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 49 India Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 50 India Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 51 South Korea Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 52 South Korea Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 53 South Korea Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 54 South Korea Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 55 South Korea Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 56 South Korea Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 57 Singapore Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 58 Singapore Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 59 Singapore Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 60 Singapore Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 61 Singapore Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 62 Singapore Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 63 Malaysia Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 64 Malaysia Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 65 Malaysia Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 66 Malaysia Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 67 Malaysia Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 68 Malaysia Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of Asia Pacific Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 70 Rest of Asia Pacific Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 71 Rest of Asia Pacific Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of Asia Pacific Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of Asia Pacific Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 74 Rest of Asia Pacific Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 75 Key Information – Aave
TABLE 76 Key Information – Balancer Labs
TABLE 77 Key Information – Compound Labs, Inc.
TABLE 78 Key Information – Badger DAO
TABLE 79 Key Information – Bancor
TABLE 80 Key Information – Sushiswap
TABLE 81 Key Information – MakerDAO
TABLE 82 Key Information – Synthetix
TABLE 83 Key Information – curve finance
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: AAVE