分散型金融市場の規模、シェア、動向分析レポート：コンポーネント別、用途別、地域別、セグメント予測、2025年～2030年

分散型金融市場の成長と動向

Grand View Research, Inc.の最新レポートによると、世界の分散型金融市場規模は2030年までに2,311億9,000万米ドルに達し、2025～2030年のCAGRは53.7％を記録すると予測されています。

分散型金融（DeFi）市場は、暗号産業内の急速な技術進歩と継続的な技術革新に起因する収益の面で大きな成長を経験しています。また、DeFiネットワークが提供する高い透明性とリアルタイムの決済機能が市場拡大を後押ししています。

2023年4月、著名な分散型金融エコシステムであるライフDeFiは、Web3インフラプロバイダーであるValidation Cloudとの最新の協業を発表しました。この戦略的パートナーシップは、Life DeFi Walletモバイルアプリケーションから直接デジタル資産を簡単にステークできるようにすることで、リテールユーザーに力を与えることを目的としています。Validation Cloudが提供する堅牢なバリデータノードを活用することで、この提携はLife DeFiプラットフォームのユーザーにとってシームレスで信頼できる安全なステーキング体験を保証します。

分散型金融（DeFi）の台頭は、今後数年間、従来の銀行やその他の金融サービスプロバイダーに新たなビジネス機会をもたらすと考えられます。分散型金融の使用事例が拡大し、支持を集めるにつれ、金融機関は包括的なソリューションを統合できる可能性が出てくる。これには、分散型金融のプロトコルの中で、機関投資家向けに資産の証券化や融資を提供することも含まれます。さらに、金融機関は、DeFiプロトコルのコンプライアンスソリューション、リスク管理、保険引受など、Web 3.0企業や起業家向けに特化したサービスを開発する可能性もあります。

COVID-19の大流行時には、歴史的な低金利の中で投資家がより高い利回りを求めたため、分散型金融プラットフォームの出現が大きな注目を集めました。これらのプラットフォームは、従来の金融機関に匹敵するサービスを提供するが、規制当局のモニタリングが緩やかであるため、パンデミック時の投資家にとって魅力的な存在となりました。DeFiの主要利点の1つは、中央当局が存在しない分散型であることで、市場の新たな可能性と機会を引き出すと期待されています。

分散型金融市場レポートハイライト

• ブロックチェーン技術セグメントが2024年に42.24%の最大シェアを占めます。ブロックチェーン技術は、取引コストを引き下げ、分散型信頼を醸成し、分散型プラットフォームを強化することで、既存の分散型ビジネスモデルの基盤を置き換えることができます。
• スマートコントラクトセグメントは、予測期間中に大きなCAGRで成長すると予想されています。スマートコントラクトは、DeFiプロトコルとアプリケーションの基盤です。
• データ＆分析セグメントは2024年に最大の市場シェアを占めました。DeFiプロトコルは意思決定やデータ分析に大きなメリットをもたらします。決済セグメントは予測期間中に最も速いCAGRを記録すると予想されています。
• 北米の分散型金融市場は、2024年に36.32%という大きな収益シェアを占めました。アジア太平洋の分散型金融市場は、予測期間中に著しいCAGRで成長すると予測されています。

目次

第1章 調査手法と範囲

第2章 エグゼクティブサマリー

第3章 分散型金融市場の変数、動向、範囲

• 市場系統の展望
• 市場力学
  • 市場促進要因分析
  • 市場抑制要因分析
  • 産業の課題
• 分散型金融市場分析ツール
  • 産業分析-ポーターのファイブフォース分析
  • PESTEL分析

第4章 分散型金融市場： コンポーネント別、推定・動向分析

• セグメントダッシュボード
• 分散型金融市場：コンポーネントの変動分析、2024年と2030年
• ブロックチェーン技術
• 分散型アプリケーション（dApps）
• スマートコントラクト

第5章 分散型金融市場：用途別、推定・動向分析

• セグメントダッシュボード
• 分散型金融市場：用途の変動分析、2024年と2030年
• 資産のトークン化
• コンプライアンスとID確認
• 市場と流動性
• 決済
• データと分析
• 分散型取引所
• 予測産業
• ステーブルコイン
• その他

第6章 分散型金融市場：地域別、推定・動向分析

• 分散型金融市場シェア、地域別、2024年と2030年
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • 英国
  • ドイツ
  • フランス
  • スペイン
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
• ラテンアメリカ
  • ブラジル
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • 南アフリカ

第7章 競合情勢

• 企業分類
• 企業の市場ポジショニング
• 企業ヒートマップ分析
• 企業プロファイル/上場企業
  • Compound Labs, Inc.
  • MakerDAO
  • Aave
  • Uniswap
  • SushiSwap
  • Curve Finance
  • Synthetix
  • Balancer
  • Bancor Network
  • Badger DAO

List of Tables

• Table 1 Global decentralized finance market size estimates & forecasts, 2020 - 2030 (USD Million)
• Table 2 Global decentralized finance market, by region, 2020 - 2030 (USD Million)
• Table 3 Global decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 4 Global decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 5 Blockchain technology market, by region, 2020 - 2030 (USD Million)
• Table 6 Decentralized applications (dApps) market, by region, 2020 - 2030 (USD Million)
• Table 7 Smart contracts market, by region, 2020 - 2030 (USD Million)
• Table 8 Assets tokenization market, by region, 2020 - 2030 (USD Million)
• Table 9 Compliance & identity market, by region, 2020 - 2030 (USD Million)
• Table 10 Marketplaces & liquidity market, by region, 2020 - 2030 (USD Million)
• Table 11 Payments market, by region, 2020 - 2030 (USD Million)
• Table 12 Data & analytics market, by region, 2020 - 2030 (USD Million)
• Table 13 Decentralized exchanges market, by region, 2020 - 2030 (USD Million)
• Table 14 Prediction industry market, by region, 2020 - 2030 (USD Million)
• Table 15 Stablecoins market, by region, 2020 - 2030 (USD Million)
• Table 16 Others market, by region, 2020 - 2030 (USD Million)
• Table 17 North America decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 18 North America decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 19 U.S. decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 20 U.S. decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 21 Canada decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 22 Canada decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 23 Mexico decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 24 Mexico decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 25 Europe decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 26 Europe decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 27 UK decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 28 UK decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 29 Germany decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 30 Germany decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 31 France decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 32 France decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 33 Spain decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 34 Spain decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 35 Asia Pacific decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 36 Asia Pacific decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 37 China decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 38 China decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 39 India decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 40 India decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 41 Japan decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 42 Japan decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 43 Australia decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 44 Australia decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 45 South Korea decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 46 South Korea decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 47 Latin America decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 48 Latin America decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 49 Brazil decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 50 Brazil decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 51 MEA decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 52 MEA decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 53 Saudi Arabia decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 54 Saudi Arabia decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 55 UAE decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 56 UAE decentralized finance market, by application, 2020 - 2030 (USD Million)
• Table 57 South Africa decentralized finance market, by component, 2020 - 2030 (USD Million)
• Table 58 South Africa decentralized finance market, by application, 2020 - 2030 (USD Million)

List of Figures

• Fig. 1 Decentralized finance market segmentation
• Fig. 2 Market research process
• Fig. 3 Information procurement
• Fig. 4 Primary research pattern
• Fig. 5 Market research approaches
• Fig. 6 Value chain-based sizing & forecasting
• Fig. 7 Parent market analysis
• Fig. 8 Market formulation & validation
• Fig. 9 Decentralized finance market snapshot
• Fig. 10 Decentralized finance market segment snapshot
• Fig. 11 Decentralized finance market competitive landscape snapshot
• Fig. 12 Market research process
• Fig. 13 Market driver relevance analysis (Current & future impact)
• Fig. 14 Market restraint relevance analysis (Current & future impact)
• Fig. 15 Decentralized finance market: Component outlook key takeaways (USD Million)
• Fig. 16 Decentralized finance market: Component movement analysis, 2024 & 2030 (USD Million)
• Fig. 17 Blockchain technology market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 18 Decentralized applications (dApps) market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 19 Smart contracts market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 20 Decentralized finance market: Application outlook key takeaways (USD Million)
• Fig. 21 Decentralized finance market: Application movement analysis, 2024 & 2030 (USD Million)
• Fig. 22 Assets tokenization market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 23 Compliance & identity market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 24 Marketplaces & liquidity market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 25 Payments market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 26 Data & analytics market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 27 Decentralized exchanges market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 28 Prediction industry market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 29 Stablecoins market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 30 Others market revenue estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 31 Regional marketplace: Key takeaways
• Fig. 32 Decentralized finance market: Regional outlook, 2024 & 2030, USD Million
• Fig. 33 North America decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 34 U.S. decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 35 Canada decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 36 Mexico decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 37 Europe decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 38 UK decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 39 Germany decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 40 France decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 41 Spain decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 42 Asia Pacific decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 43 Japan decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 44 China decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 45 India decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 46 Australia decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 47 South Korea decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 48 Latin America decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 49 Brazil decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 50 MEA decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 51 Saudi Arabia decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 52 UAE decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 53 South Africa decentralized finance market estimates and forecasts, 2020 - 2030 (USD Million)
• Fig. 54 Company Categorization
• Fig. 55 Strategy framework

Decentralized Finance Market Growth & Trends:

The global decentralized finance market size is expected to reach USD 231.19 billion by 2030, registering a CAGR of 53.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The Decentralized Finance (DeFi) market is experiencing significant growth in terms of revenue attributed to the rapid technological advancements and continuous innovation within the crypto industry. In addition, the market's expansion is propelled by the high level of transparency and real-time settlement capabilities offered by DeFi networks.

In April 2023, Life DeFi, a prominent decentralized finance ecosystem, unveiled its latest collaboration with a Web3 infrastructure provider, Validation Cloud. This strategic partnership aims to empower retail users by enabling them to easily stake their digital assets directly from the Life DeFi Wallet mobile applications. Leveraging the robust validator nodes offered by Validation Cloud, this collaboration ensures a seamless, trustworthy, and secure staking experience for users of the Life DeFi platform.

The rise of Decentralized Finance (DeFi) will create new business opportunities for traditional banks and other financial service providers in the coming years. As the use cases for decentralized finance expand and gain traction, financial institutions will have the potential to integrate comprehensive solutions. This could include offering asset securitization and financing to institutional clients within decentralized finance protocols. Furthermore, financial firms may develop specialized services tailored for Web 3.0 enterprises and entrepreneurs, such as compliance solutions, risk management, or insurance underwriting for DeFi protocols.

During the COVID-19 pandemic, the emergence of decentralized finance platforms gained significant attention as investors sought higher yields amidst historically low-interest rates. These platforms provide services comparable to traditional financial institutions but with less regulatory oversight, making them appealing to investors during the pandemic. One of the key advantages of DeFi is its decentralized nature, devoid of any central authority, which is expected to unlock new possibilities and opportunities for the market.

Decentralized Finance Market Report Highlights:

• Blockchain technology segment accounted for the largest share of 42.24% in 2024. Blockchain technology can replace existing decentralized business model foundations by lowering transaction costs, fostering distributed trust, and empowering decentralized platforms.
• The smart contracts segment is expected to grow at a significant CAGR over the forecast period. Smart contracts are the foundation of DeFi protocols and applications.
• The data & analytics segment held the largest market share in 2024. DeFi protocols offer significant benefits for decision-making and data analysis. The payments segment is expected to register the fastest CAGR during the forecast period.
• The North America decentralized finance market held a significant revenue share of 36.32% in 2024. The Asia Pacific decentralized finance market is anticipated to grow at a significant CAGR during the forecast period.

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation and Scope
• 1.2. Research Methodology
  • 1.2.1. Information Procurement
• 1.3. Information or Data Analysis
• 1.4. Methodology
• 1.5. Research Scope and Assumptions
• 1.6. Market Formulation & Validation
• 1.7. List of Data Sources

Chapter 2. Executive Summary

• 2.1. Market Outlook
• 2.2. Segment Outlook
• 2.3. Competitive Insights

Chapter 3. Decentralized Finance Market Variables, Trends, & Scope

• 3.1. Market Lineage Outlook
• 3.2. Market Dynamics
  • 3.2.1. Market Driver Analysis
  • 3.2.2. Market Restraint Analysis
  • 3.2.3. Industry Challenge
• 3.3. Decentralized Finance Market Analysis Tools
  • 3.3.1. Industry Analysis - Porter's
    • 3.3.1.1. Bargaining power of the suppliers
    • 3.3.1.2. Bargaining power of the buyers
    • 3.3.1.3. Threats of substitution
    • 3.3.1.4. Threats from new entrants
    • 3.3.1.5. Competitive rivalry
  • 3.3.2. PESTEL Analysis
    • 3.3.2.1. Political landscape
    • 3.3.2.2. Economic landscape
    • 3.3.2.3. Social landscape
    • 3.3.2.4. Technological landscape
    • 3.3.2.5. Environmental landscape
    • 3.3.2.6. Legal landscape

Chapter 4. Decentralized Finance Market: Component Estimates & Trend Analysis

• 4.1. Segment Dashboard
• 4.2. Decentralized Finance Market: Component Movement Analysis, 2024 & 2030 (USD Million)
• 4.3. Blockchain Technology
  • 4.3.1. Blockchain Technology Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 4.4. Decentralized Applications (dApps)
  • 4.4.1. Decentralized Applications (dApps) Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 4.5. Smart Contracts
  • 4.5.1. Smart Contracts Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)

Chapter 5. Decentralized Finance Market: Application Estimates & Trend Analysis

• 5.1. Segment Dashboard
• 5.2. Decentralized Finance Market: Application Movement Analysis, 2024 & 2030 (USD Million)
• 5.3. Assets Tokenization
  • 5.3.1. Assets Tokenization Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.4. Compliance & Identity
  • 5.4.1. Compliance & Identity Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.5. Marketplaces & Liquidity
  • 5.5.1. Marketplaces & Liquidity Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.6. Payments
  • 5.6.1. Payments Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.7. Data & Analytics
  • 5.7.1. Data & Analytics Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.8. Decentralized Exchange
  • 5.8.1. Decentralized Exchange Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.9. Prediction Industry
  • 5.9.1. Prediction Industry Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.10. Stablecoins
  • 5.10.1. Stablecoins Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
• 5.11. Others
  • 5.11.1. Others Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)

Chapter 6. Decentralized Finance Market: Regional Estimates & Trend Analysis

• 6.1. Decentralized Finance Market Share, By Region, 2024 & 2030 (USD Million)
• 6.2. North America
  • 6.2.1. North America Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.2.2. U.S.
    • 6.2.2.1. U.S. Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.2.3. Canada
    • 6.2.3.1. Canada Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.2.4. Mexico
    • 6.2.4.1. Mexico Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
• 6.3. Europe
  • 6.3.1. Europe Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.3.2. UK
    • 6.3.2.1. UK Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.3.3. Germany
    • 6.3.3.1. Germany Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.3.4. France
    • 6.3.4.1. France Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.3.5. Spain
    • 6.3.5.1. Spain Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
• 6.4. Asia Pacific
  • 6.4.1. Asia Pacific Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.4.2. China
    • 6.4.2.1. China Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.4.3. Japan
    • 6.4.3.1. Japan Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.4.4. India
    • 6.4.4.1. India Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.4.5. South Korea
    • 6.4.5.1. South Korea Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.4.6. Australia
    • 6.4.6.1. Australia Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
• 6.5. Latin America
  • 6.5.1. Latin America Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.5.2. Brazil
    • 6.5.2.1. Brazil Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
• 6.6. Middle East and Africa
  • 6.6.1. Middle East and Africa Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.6.2. Saudi Arabia
    • 6.6.2.1. Saudi Arabia Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.6.3. UAE
    • 6.6.3.1. UAE Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)
  • 6.6.4. South Africa
    • 6.6.4.1. South Africa Decentralized Finance Market Estimates and Forecasts, 2020 - 2030 (USD Million)

Chapter 7. Competitive Landscape

• 7.1. Company Categorization
• 7.2. Company Market Positioning
• 7.3. Company Heat Map Analysis
• 7.4. Company Profiles/Listing
  • 7.4.1. Compound Labs, Inc.
    • 7.4.1.1. Participant's Overview
    • 7.4.1.2. Financial Performance
    • 7.4.1.3. Product Benchmarking
    • 7.4.1.4. Strategic Initiatives
  • 7.4.2. MakerDAO
    • 7.4.2.1. Participant's Overview
    • 7.4.2.2. Financial Performance
    • 7.4.2.3. Product Benchmarking
    • 7.4.2.4. Strategic Initiatives
  • 7.4.3. Aave
    • 7.4.3.1. Participant's Overview
    • 7.4.3.2. Financial Performance
    • 7.4.3.3. Product Benchmarking
    • 7.4.3.4. Strategic Initiatives
  • 7.4.4. Uniswap
    • 7.4.4.1. Participant's Overview
    • 7.4.4.2. Financial Performance
    • 7.4.4.3. Product Benchmarking
    • 7.4.4.4. Strategic Initiatives
  • 7.4.5. SushiSwap
    • 7.4.5.1. Participant's Overview
    • 7.4.5.2. Financial Performance
    • 7.4.5.3. Product Benchmarking
    • 7.4.5.4. Strategic Initiatives
  • 7.4.6. Curve Finance
    • 7.4.6.1. Participant's Overview
    • 7.4.6.2. Financial Performance
    • 7.4.6.3. Product Benchmarking
    • 7.4.6.4. Strategic Initiatives
  • 7.4.7. Synthetix
    • 7.4.7.1. Participant's Overview
    • 7.4.7.2. Financial Performance
    • 7.4.7.3. Product Benchmarking
    • 7.4.7.4. Strategic Initiatives
  • 7.4.8. Balancer
    • 7.4.8.1. Participant's Overview
    • 7.4.8.2. Financial Performance
    • 7.4.8.3. Product Benchmarking
    • 7.4.8.4. Strategic Initiatives
  • 7.4.9. Bancor Network
    • 7.4.9.1. Participant's Overview
    • 7.4.9.2. Financial Performance
    • 7.4.9.3. Product Benchmarking
    • 7.4.9.4. Strategic Initiatives
  • 7.4.10. Badger DAO
    • 7.4.10.1. Participant's Overview
    • 7.4.10.2. Financial Performance
    • 7.4.10.3. Product Benchmarking
    • 7.4.10.4. Strategic Initiatives