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分散型金融の世界市場 2024-2031

Global Decentralized Finance Market - 2024-2031

出版日: | 発行: DataM Intelligence | ページ情報: 英文 197 Pages | 納期: 即日から翌営業日

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本日の銀行送金レート: 1USD=154.36円
分散型金融の世界市場 2024-2031
出版日: 2024年02月13日
発行: DataM Intelligence
ページ情報: 英文 197 Pages
納期: 即日から翌営業日
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本レポートは最新情報反映のため適宜更新し、内容構成変更を行う場合があります。ご検討の際はお問い合わせください。
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  • 目次
概要

概要

世界の分散型金融(DeFi)市場は2023年に135億米ドルに達し、2031年には2,707億米ドルに達すると予測され、予測期間2024-2031年のCAGRは45.7%で成長します。

世界経済フォーラムが2023年に発表したデータによると、世界人口の83.4%が携帯電話を所有していると推定されます。注目すべきは、銀行口座を持たない17億人(成人人口の22%を占める)のうち、11億人が携帯電話を利用していることです。こうした人々が最初に金融サービスに接するのは、分散型インフラを通じてであると予想されます。

携帯電話と同様、分散型金融(DeFi)テクノロジーは、銀行口座を持たない人々が伝統的な金融システムを回避し、以前はアクセスできなかったデジタル・サービスや資産にアクセスできるようにする、飛躍的なテクノロジーとしての役割を果たす可能性を秘めています。5年足らずの間に、分散型金融は10億米ドル規模の産業へと発展し、市場価値は1,800億米ドルを超える記録的な規模に達しました。2020年1月以降、DeFiのユーザー数は約9万1,000人から約500万人に急増しました。同地域の主要プレーヤーによる製品投入の増加が、予測期間中の同地域市場の成長を後押ししています。

北米は、主要な主要企業による革新的な製品の発売により、世界市場で支配的な地域となっています。例えば、2023年02月09日、Flux Financeは米国債を担保とするLending Tokenを発表しました。Flux Financeは、Blackrock Treasury Bond ETFをトークン化したOndoが提供する米国短期国債ファンド(OUSG)に投資しました。最近のOndo Financeの米国債ファンド(OUSG)のイントロダクションの後、Flux Financeは分散型貸出プロトコルを発表しました。

力学

Eスポーツ業界の急成長

eスポーツの人気に伴い、ギア、サブスクリプション、ゲーム内課金など、ゲーム関連費用にお金を使う準備をする人が増えています。eスポーツ・ファンは通常、デジタル・プラットフォームやテクノロジーを使いこなすテクノロジーに精通した人々です。デジタル・プラットフォームやテクノロジーへの依存度を考慮すると、この特定のグループは分散型金融の選択肢を調査する傾向が高いです。

DeFiとeスポーツの両方に関わる企業は、パートナーシップやクロスプロモーション戦術を利用して顧客ベースを拡大しています。DeFiプラットフォームは、そのサービスを促進し、知名度を高めるために、例えば、eスポーツ大会のスポンサーになったり、影響力のあるゲーマーと協力したりすることができます。ゲーム内商品、仮想土地、eスポーツチームの所有権など、eスポーツに関連するデジタル資産を含む現実世界の資産のトークン化は、DeFi分野のいくつかのイニシアチブによって研究されています。

DeFiとeスポーツの融合は、金融イノベーションと投資の新たな展望を生み出す可能性を秘めています。Newzooは、2020年から2025年にかけて、eスポーツ愛好家の年間平均成長率が約8.0%に達すると予測しています。時々の視聴者数は3億2,270万人に増加し、eスポーツ愛好者数は2025年までに3億1,810万人に達すると予測しています。その結果、総視聴者数は同時期に6億4,080万人に達すると予想されます。eスポーツの世界の成長は明らかで、北米や西欧などの成熟市場は持続的な拡大を見せています。

分散型金融の技術的進歩

ブロックチェーン・ネットワークのスケーラビリティとスループットを向上させることで、ステート・チャネルやサイドチェーンなどのレイヤー2技術は、従来の分散型金融プラットフォームが直面するスケーラビリティの問題を克服するのに役立ちます。トランザクションをセカンダリー・レイヤーに再ルーティングすることで、これらのソリューションはプライマリー・ブロックチェーンの負荷を軽減し、より高速で経済的なトランザクションを可能にします。取引速度とコストの改善は、DeFiプラットフォームの全体的なユーザー体験とスケーラビリティを向上させています。

分散型識別システムの助けを借りて、人々は自律的かつ安全にアイデンティティを維持し、中央集権に依存することなくアイデンティティを確認します。DIDソリューションは、安全な認証と本人確認を可能にすることで、DeFi取引におけるセキュリティとプライバシーを提供し、詐欺やID盗難に関するリスクを低減します。例えば、2023年8月29日、Bitgetの分散型取引商品であるMegaSwapは、Bitget Walletにクロスチェーンスワップメカニズムを組み込んでいます。

この機能は、20のチェーンに広がる約100の分散型取引所のネットワークから流動性を調達します。Bitgetの分散型取引商品であるMegaSwapは、人気のあるオンチェーン資産へのアクセスを定期的に自動的に提供します。MegaSwapを通じてアセットが利用可能になることは、Bitgetプラットフォームへの上場を意味しないことに注意することが重要です。

高いセキュリティリスク

スマートコントラクトは、DeFiシステムが金融取引を自動化する上で大きな役割を果たしています。しかし、スマートコントラクトには、金銭的損失や攻撃につながる問題や脆弱性が含まれる可能性があります。リエントランシー問題や整数オーバーフロー/アンダーフローは、過去に悪用され、消費者が大きな損失を被ったコードの脆弱性の例です。プロトコルレベルの危険は、融資プラットフォームや分散型取引所(DEX)を含むDeFiプロトコルに影響を与えます。ガバナンス・プロトコル、コンセンサス・プロセス、ブロックチェーン・ネットワーク自体の脆弱性は、こうしたリスクの一つです。プルーフ・オブ・ワーク(PoW)ネットワークにおける51%攻撃や分散型自律組織(DAO)におけるガバナンス攻撃など、コンセンサスメカニズムを標的とした攻撃によって、DeFiシステムの完全性とセキュリティが危険にさらされる可能性があります。

スマートコントラクトのロジックを実行するために、DeFiシステムは資産価格や市場データなどの外部データを取得するためにオラクルに依存しています。しかし、オラクルには単一障害点があり、操作されたり悪用されたりします。悪意のある行為者がオラクルのデータを改ざんし、不正な取引を開始したり資産価値を調整したりした結果、ユーザーは金銭的な損失を被る。DeFiプラットフォームは本質的に非中央集権的であるが、管理キー、ガバナンス手続き、流動性プールなど一部の要素には中央集権的な制御や単一障害点があります。攻撃者は、中央集権化されたコンポーネントによってもたらされるカウンターパーティ・リスクや脆弱性を利用して、DeFiエコシステム全体のセキュリティを弱体化させる。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

  • 影響要因
    • 促進要因
      • Eスポーツ産業の急成長
      • 分散型金融の技術的進歩
    • 抑制要因
      • 高いセキュリティ・リスク
    • 機会
    • 影響分析

第5章 業界分析

  • ポーターのファイブフォース分析
  • サプライチェーン分析
  • 価格分析
  • 規制分析
  • ロシア・ウクライナ戦争の影響分析
  • DMIの見解

第6章 COVID-19分析

第7章 コンポーネント別

  • ブロックチェーン技術
  • 分散型用途(dApps)
  • スマートコントラクト
  • その他

第8章 用途別

  • コンプライアンス&アイデンティティ
  • 資産トークン化
  • ペイメント
  • マーケットプレースと流動性
  • 分散型取引所
  • データと分析
  • ステーブルコイン
  • 予測産業
  • その他

第9章 地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • フランス
    • イタリア
    • スペイン
    • その他欧州
  • 南米
    • ブラジル
    • アルゼンチン
    • その他南米
  • アジア太平洋
    • 中国
    • インド
    • 日本
    • オーストラリア
    • その他アジア太平洋地域
  • 中東・アフリカ

第10章 競合情勢

  • 競合シナリオ
  • 市況/シェア分析
  • M&A分析

第11章 企業プロファイル

  • Avalanche BVI Inc.
    • 会社概要
    • 製品ポートフォリオと説明
    • 財務概要
    • 主な発展
  • BitMart
  • Brokoli OU
  • CardanoCube.io
  • Coinbase Global Inc.
  • Compound Protocol
  • CoW DaO
  • DEFICHAIN FOUNDATION LTD.
  • Goldfinch Technology Co.
  • HydraDX

第12章 付録

目次
Product Code: ICT7970

Overview

Global Decentralized Finance Market reached US$ 13.5 Billion in 2023 and is expected to reach US$ 270.7 Billion by 2031, growing with a CAGR of 45.7% during the forecast period 2024-2031.

According to the data given by the World Economic Forum in 2023, An estimated 83.4% of the global population possesses mobile phones. Notably, out of the 1.7 billion individuals categorized as unbanked (comprising 22% of the adult population), 1.1 billion are known to have mobile phone access. For these individuals, their initial exposure to financial services is anticipated to occur through decentralized infrastructure.

Similar to mobile phones, decentralized finance (DeFi) technology holds the potential to serve as a leapfrogging technology, allowing the underbanked to circumvent traditional financial systems and attain access to digital services and assets that were previously inaccessible. In under five years, decentralized finance has evolved into a billion-dollar industry, reaching a record market value exceeding US$ 180 billion. Since January 2020, the user base of DeFi has surged from approximately 91,000 to nearly five million. Growing product launches by the major key players in the region help to boost regional market growth over the forecast period.

North America is a dominating region in the global market due to the innovative product launches by the major key players. For instance, on February 09, 2023, Flux Finance launched Lending Token Collateralized by U.S. Treasurys. Flux Finance has invested in the Short-Term U.S. Government Bond Fund (OUSG) offered by Ondo, which is a tokenized representation of a Blackrock Treasury Bond ETF. After the recent introduction of Ondo Finance's U.S. Treasury-backed Government Bond Fund (OUSG), Flux Finance has unveiled a decentralized lending protocol.

Dynamics

Rapid Growth in the E-Sport Industry

A greater number of people are ready to spend money on gaming-related costs including gear, subscriptions and in-game purchases as eSports gain popularity. As such, this tendency could result in higher disposable money in certain populations, which in turn lead to higher levels of interaction with DeFi platforms and investment opportunities. eSports fans are usually tech-savvy people who know their way around digital platforms and technology. The particular group exhibits a higher inclination towards investigating decentralized financial alternatives, considering their dependence on digital platforms and technology.

Businesses that are involved in both DeFi and eSports use partnerships and cross-promotion tactics to expand their customer base. To promote its services and gain greater visibility, a DeFi platform is able, for instance, to sponsor eSports competitions or collaborate with influential gamers. Tokenization of real-world assets, including digital assets associated with eSports like in-game goods, virtual land or even ownership shares in eSports teams, is being investigated by several initiatives in the DeFi area.

The convergence of DeFi and eSports has the potential to generate fresh prospects for financial innovation and investment. Newzoo forecasts that between 2020 and 2025, the Compound Annual Growth Rate for eSports enthusiasts reach around 8.0%. It anticipate a rise in occasional viewers to 322.7 million and project the number of eSports enthusiasts to reach 318.1 million by 2025. Consequently, the total audience is expected to reach 640.8 million within the same timeframe. The global growth of eSports is evident, with mature markets such as North America and Western Europe showing sustained expansion.

Technological Advancements in the Decentralized Finance

By improving the scalability and throughput of blockchain networks, layer 2 technologies such as state channels and sidechains help to overcome the scalability issues that traditional decentralized financial platforms encounter. By rerouting transactions to secondary layers, these solutions reduce the load on the primary blockchain and enable faster and more economical transactions. The improvement in transaction speed and cost enhances the overall user experience and scalability of DeFi platforms.

With the help of decentralized identification systems, people maintain their identities autonomously and securely, confirming their identity without relying on centralized authority. DID solutions provide security and privacy in DeFi transactions by enabling safe authentication and identity verification, hence reducing the risks related to fraud and identity theft. For instance, on August, 29,2023, MegaSwap, a decentralized trading product of Bitget has a cross-chain swap mechanism built into the Bitget Wallet.

The function sources liquidity from a network of about 100 decentralized exchanges spread across 20 chains. MegaSwap, a decentralized trading offering from Bitget, automatically provides access to popular on-chain assets at regular intervals. It's important to note that an asset's availability through MegaSwap doesn't imply its listing on the Bitget platform.

High-Security Risks

Smart contracts play a major role in DeFi systems' ability to automate financial transactions. The smart contracts can, however, include problems and vulnerabilities that could result in money losses and assaults. Reentrancy problems and integer overflow/underflow are instances of code vulnerabilities that have been exploited in the past, causing consumers to suffer significant losses. Protocol-level hazards impact DeFi protocols, including lending platforms and decentralized exchanges (DEXs). Vulnerabilities in the governance protocols, consensus processes and blockchain network itself are among these risks. The integrity and security of DeFi systems can be jeopardized by attacks that target the consensus mechanism, such as 51% attacks in Proof-of-Work (PoW) networks or governance assaults in decentralized autonomous organizations (DAOs).

To carry out smart contract logic, DeFi systems rely on oracles to get external data, such as asset prices and market data. Oracles, however, have a single point of failure and are aymanipulated or exploited. Users suffer financial losses as a result of malicious actors altering oracle data to start fraudulent transactions or adjust asset values. DeFi platforms are inherently decentralized, although some elements like admin keys, governance procedures and liquidity pools have centralized control or single points of failure. Attackers use counterparty risks and vulnerabilities introduced by centralized components to undermine the security of the DeFi ecosystem as a whole.

Segment Analysis

The global decentralized finance market is segmented based on component, application and region.

Growing Applications of Decentralized Finance for Payments Application

Based on the application, the decentralized finance market is segmented into compliance & identity, assets tokenization, payments, marketplaces & liquidity, decentralized exchanges, data & and analytics, stablecoins, prediction industry and others. DeFi platforms offer financial services to individuals who are underserved or excluded from traditional banking systems. The accessibility attracts a broader user base, leading to increased adoption of payment services within DeFi.

DeFi payments often have lower transaction fees compared to traditional financial systems. Users looking for affordable means to send and receive money, particularly for cross-border transactions, find this pricing appealing. Blockchain technology is used by DeFi payment protocols to enable faster and more efficient transactions than those made through traditional banking systems, which need middlemen and long processing periods.

Geographical Penetration

North America is Dominating the Decentralized Finance Market

North America accounted largest market share in the decentralized market due to the growing adoption and integration of new financial technologies. The early adoption culture has helped DeFi platforms gain traction in the region. The region boasts advanced financial infrastructure such as robust banking systems, a well-established regulatory framework and a highly developed fintech ecosystem. A substantial percentage of the tech-savvy population in North America is an early user of new technologies, like as blockchain and cryptocurrencies, which form the basis of many DeFi applications.

In an indication of a possible regulatory approach to these platforms, US Securities and Exchange Commission has reexamined a proposal from the previous year that sought to classify decentralized finance (DeFi) platforms as exchanges needing regulation. The SEC suggested in January 2022 expanding the definition of "exchange" to include more trading activity conducted inside U.S.

Competitive Landscape.

The major global players in the market include Avalanche BVI Inc., BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX.

COVID-19 Impact Analysis

Due to the COVID-19 pandemic and unstable economy, more people are showing interest in decentralized finance as a possible alternative to established banking institutions. Companies and individuals have resorted to DeFi platforms and utilized its lending, trading and borrowing capabilities to safeguard their financial future. Similar to conventional financial markets, the DeFi industry had higher volatility during the start of the epidemic. Due to investor reaction, the news concerning the pandemic's effects on the global economy caused significant price movements in cryptocurrencies and DeFi assets.

The trend towards remote work and dependence on digital technologies during the pandemic have expedited the adoption of decentralized banking systems. With the trend toward digitalization, DeFi systems provide remote access to financial services without the need for actual bank branches or middlemen. In the DeFi area, innovation has been spurred by the epidemic as developers strive to tackle novel difficulties and possibilities that have emerged from the crisis.

Russia-Ukraine War Impact Analysis

The geopolitical tensions between Russia and Ukraine lead to increased decentralized finance market volatility across all asset classes such as DeFi tokens and cryptocurrencies. Growing restrictions on DeFi and cryptocurrency platforms are implemented by governments and regulatory agencies in response to geopolitical events. Consumer's access to decentralized financial services and uptake of DeFi protocols are impacted by heightened regulatory scrutiny.

To safeguard their investments against currency devaluation, inflation or capital controls, more individuals turn to decentralized financial services as a result of the war's economic uncertainty. Increased user acceptance of DeFi systems and solutions might result from this. The functioning of DeFi platforms and services housed in the impacted areas impacted by the conflict's ability to interrupt internet infrastructure and connection in those locations. The robustness and continuity of decentralized finance operations need developers and users to put backup plans into place.

By Component

  • Blockchain Technology
  • Decentralized Applications (dApps)
  • Smart Contracts
  • Others

By Application

  • Compliance & Identity
  • Assets Tokenization
  • Payments
  • Marketplaces & Liquidity
  • Decentralized Exchanges
  • Data & Analytics
  • Stablecoins
  • Prediction Industry
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa

Key Developments

  • On May 17, 2022, S&P Global Ratings, part of S&P Global Inc. announced the formation of a new Decentralized Finance (DeFi) strategy group to advance S&P Global's approach to decentralized markets. S&P Global Ratings acknowledges that decentralized finance is progressively reshaping the capital markets, leading to a broadening range of market participants, the emergence of novel asset classes and the advancement of new functionalities in the execution of financial transactions.
  • On May 23, 2022, CoinDCX, launched decentralized finance wallet Okto. It offers streamlined and secure access to DeFi services and has implemented AI-based multi-factor authentication to enhance security for self-custodial DeFi wallets.
  • On July 16, 2021, Square built a decentralized finance business using bitcoin. The newly formed unit encompass the Seller, Cash App and recently acquired Tidal businesses. Decentralized finance, applications operate without dependence on centralized authorities such as banks, utilizing blockchain-based smart contracts to facilitate transactions. The majority of these applications are being developed on the Ethereum blockchain.

Why Purchase the Report?

  • To visualize the global decentralized finance market segmentation based on component, application and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of decentralized finance market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global decentralized finance market report would provide approximately 54 tables, 49 figures and 197 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Component
  • 3.2. Snippet by Application
  • 3.3. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rapid Growth in the E-Sport Industry
      • 4.1.1.2. Technological Advancements in the Decentralized Finance
    • 4.1.2. Restraints
      • 4.1.2.1. High-Security Risks
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Russia-Ukraine War Impact Analysis
  • 5.6. DMI Opinion

6. COVID-19 Analysis

  • 6.1. Analysis of COVID-19
    • 6.1.1. Scenario Before COVID
    • 6.1.2. Scenario During COVID
    • 6.1.3. Scenario Post COVID
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. By Component

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 7.1.2. Market Attractiveness Index, By Component
  • 7.2. Blockchain Technology*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Decentralized Applications (dApps)
  • 7.4. Smart Contracts
  • 7.5. Others

8. By Application

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 8.1.2. Market Attractiveness Index, By Application
  • 8.2. Compliance & Identity*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Assets Tokenization
  • 8.4. Payments
  • 8.5. Marketplaces & Liquidity
  • 8.6. Decentralized Exchanges
  • 8.7. Data & Analytics
  • 8.8. Stablecoins
  • 8.9. Prediction Industry
  • 8.10. Others

9. By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.2.5.1. U.S.
      • 9.2.5.2. Canada
      • 9.2.5.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.3.5.1. Germany
      • 9.3.5.2. UK
      • 9.3.5.3. France
      • 9.3.5.4. Italy
      • 9.3.5.5. Spain
      • 9.3.5.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.4.5.1. Brazil
      • 9.4.5.2. Argentina
      • 9.4.5.3. Rest of South America
  • 9.5. Asia-Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.5.5.1. China
      • 9.5.5.2. India
      • 9.5.5.3. Japan
      • 9.5.5.4. Australia
      • 9.5.5.5. Rest of Asia-Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
    • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

  • 11.1. Avalanche BVI Inc.*
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Financial Overview
    • 11.1.4. Key Developments
  • 11.2. BitMart
  • 11.3. Brokoli OU
  • 11.4. CardanoCube.io
  • 11.5. Coinbase Global Inc.
  • 11.6. Compound Protocol
  • 11.7. CoW DaO
  • 11.8. DEFICHAIN FOUNDATION LTD.
  • 11.9. Goldfinch Technology Co.
  • 11.10. HydraDX

LIST NOT EXHAUSTIVE

12. Appendix

  • 12.1. About Us and Services
  • 12.2. Contact Us