세계의 DeFi(탈중앙화 금융) 시장 예측(-2032년) : 컴포넌트별, 블록체인 유형별, 도입 모드별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global DeFi (Decentralized Finance) Market is accounted for $31.88 billion in 2025 and is expected to reach $707.35 billion by 2032 growing at a CAGR of 55.7% during the forecast period. Decentralized Finance, is a blockchain-based financial system that eliminates traditional intermediaries like banks. It facilitates direct peer-to-peer transactions, including lending, borrowing, and trading, through smart contracts on decentralized networks. By providing transparency, security, and user autonomy, DeFi empowers individuals to manage their assets independently. Its goal is to establish an open, accessible, and efficient financial infrastructure that functions without reliance on centralized institutions.

Market Dynamics:

Driver:

Increasing demand for financial inclusivity and accessibility

Unbanked and underbanked populations are increasingly turning to blockchain-based solutions for access to lending, savings, and insurance. Mobile-first interfaces and low entry barriers are enabling broader participation in decentralized ecosystems. As traditional banking systems struggle to reach remote or underserved regions, DeFi offers programmable alternatives that bypass legacy infrastructure. The rise of digital wallets and stablecoins is further enhancing transactional ease and affordability. This shift is fostering a more inclusive financial landscape, especially in emerging economies.

Restraint:

Security vulnerabilities

Vulnerabilities in code execution and governance mechanisms have led to high-profile breaches and asset losses. The absence of standardized auditing practices and regulatory oversight compounds the risk for users and developers. As composability increases, interlinked protocols become more susceptible to cascading failures. Smaller projects often lack the resources for rigorous testing and continuous monitoring. These systemic weaknesses are undermining user trust and slowing institutional adoption.

Opportunity:

Integration with traditional finance (TradFi)

Banks and asset managers are exploring blockchain-based settlement systems, tokenized assets, and decentralized lending protocols. This hybridization is enabling real-time transactions, enhanced transparency, and programmable compliance. Regulatory sandboxes and pilot programs are fostering collaboration between fintech startups and legacy players. Institutional-grade custody solutions and KYC-integrated DeFi platforms are bridging the trust gap. As TradFi embraces decentralized infrastructure, the market is poised for mainstream expansion.

Threat:

Lack of centralized shock absorbers

The absence of centralized risk mitigation mechanisms makes DeFi ecosystems highly vulnerable to systemic shocks. Market volatility, liquidity crunches, and protocol failures can trigger rapid contagion across interconnected platforms. Unlike traditional finance, there are no central banks or regulatory bodies to intervene during crises. Automated liquidation engines and algorithmic governance often exacerbate instability under stress conditions. Flash loan attacks and oracle manipulation further amplify systemic fragility.

Covid-19 Impact:

The pandemic accelerated digital adoption, prompting a surge in DeFi platform usage as users sought contactless financial alternatives. Lockdowns and economic uncertainty drove interest in decentralized lending, yield farming, and stablecoin-based remittances. Traditional financial institutions faced operational bottlenecks, while DeFi offered uninterrupted, borderless access to capital. The crisis also highlighted the resilience of blockchain infrastructure amid global disruptions. Post-pandemic strategies now emphasize interoperability, decentralization, and user sovereignty in financial systems.

The smart contracts segment is expected to be the largest during the forecast period

The smart contracts segment is expected to account for the largest market share during the forecast period, due to its foundational role in automating financial transactions. These self-executing protocols enable trustless interactions across lending, trading, and insurance platforms. Their versatility supports a wide range of decentralized applications, from liquidity pools to governance mechanisms. Continuous improvements in contract security and scalability are enhancing user confidence and adoption. Developers are leveraging modular frameworks to build interoperable and upgradeable smart contract systems.

The developers & startups segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the developers & startups segment is predicted to witness the highest growth rate, driven by agile innovation and ecosystem expansion. These entities are pioneering new use cases, from decentralized identity to cross-chain interoperability. Access to open-source tools and community funding models is lowering entry barriers for experimentation. Hackathons, incubators, and DAO-based grants are fueling rapid prototyping and deployment. Startups are also forming strategic alliances with institutional players to scale their solutions.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, supported by high mobile penetration and crypto adoption. Countries like China, India, and Singapore are witnessing robust growth in blockchain development and digital asset usage. Government-backed initiatives and fintech-friendly regulations are fostering innovation hubs across the region. Local exchanges and wallet providers are expanding access to DeFi services for retail and institutional users. The region's vibrant developer communities are contributing to protocol enhancements and cross-border collaborations.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by technological leadership and venture capital influx. The U.S. and Canada are home to major blockchain startups, research institutions, and regulatory think tanks. Progressive frameworks and pilot programs are enabling compliant DeFi experimentation. Institutional investors are increasingly allocating capital to decentralized protocols and tokenized assets. Integration of AI, data analytics, and smart contract auditing tools is enhancing platform reliability.

Key players in the market

Some of the key players in DeFi (Decentralized Finance) Market include Lido, Rocket Pool, Aave, 1inch, Uniswap, Chainlink, MakerDAO, Balancer, Compound, Synthetix, Curve Finance, Yearn Finance, PancakeSwap, Convex Finance, and SushiSwap.

Key Developments:

In July 2025, Lido Advisors announced it will be partnering with Olympus Wealth Management, UT, which is part of the Salt Lake City metro area. With more than $850 million in RAUM*, Olympus is a fee-only fiduciary that specializes in helping high-net-worth and ultra-high-net-worth business owners and families position themselves for long-term success.

Components Covered:

• Smart Contracts
• Decentralized Applications (dApps)
• Protocols
• Wallets
• Oracles

Blockchain Types Covered:

• Public Blockchain
• Private Blockchain
• Consortium Blockchain
• Hybrid Blockchain

Deployment Modes Covered:

• On-chain
• Off-chain

Applications Covered:

• Decentralized Exchanges (DEXs)
• Governance Platforms
• Lending & Borrowing Platforms
• Payments and Remittances
• Yield Farming & Staking
• Insurance
• Stablecoins
• Derivatives & Synthetic Assets
• Asset Tokenization
• Other Applications

End Users Covered:

• Institutional Investors
• Retail Investors
• FinTech Companies
• Developers & Startups
• Enterprises
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global DeFi (Decentralized Finance) Market, By Component

• 5.1 Introduction
• 5.2 Smart Contracts
• 5.3 Decentralized Applications (dApps)
• 5.4 Protocols
• 5.5 Wallets
• 5.6 Oracles

6 Global DeFi (Decentralized Finance) Market, By Blockchain Type

• 6.1 Introduction
• 6.2 Public Blockchain
• 6.3 Private Blockchain
• 6.4 Consortium Blockchain
• 6.5 Hybrid Blockchain

7 Global DeFi (Decentralized Finance) Market, By Deployment Mode

• 7.1 Introduction
• 7.2 On-chain
• 7.3 Off-chain

8 Global DeFi (Decentralized Finance) Market, By Application

• 8.1 Introduction
• 8.2 Decentralized Exchanges (DEXs)
• 8.3 Governance Platforms
• 8.4 Lending & Borrowing Platforms
• 8.5 Payments and Remittances
• 8.6 Yield Farming & Staking
• 8.7 Insurance
• 8.8 Stablecoins
• 8.9 Derivatives & Synthetic Assets
• 8.1 Asset Tokenization
• 8.11 Other Applications

9 Global DeFi (Decentralized Finance) Market, By End User

• 9.1 Introduction
• 9.2 Institutional Investors
• 9.3 Retail Investors
• 9.4 FinTech Companies
• 9.5 Developers & Startups
• 9.6 Enterprises
• 9.7 Other End Users

10 Global DeFi (Decentralized Finance) Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Lido
• 12.2 Rocket Pool
• 12.3 Aave
• 12.4 1inch
• 12.5 Uniswap
• 12.6 Chainlink
• 12.7 MakerDAO
• 12.8 Balancer
• 12.9 Compound
• 12.10 Synthetix
• 12.11 Curve Finance
• 12.12 Yearn Finance
• 12.13 PancakeSwap
• 12.14 Convex Finance
• 12.15 SushiSwap