PUBLISHER: KBV Research | PRODUCT CODE: 1649385
PUBLISHER: KBV Research | PRODUCT CODE: 1649385
North America Decentralized Finance Market Size, Share & Trends Analysis Report By Component, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Decentralized Finance Market would witness market growth of 48.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Decentralized Finance Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $89,552.1 million by 2031. The Canada market is experiencing a CAGR of 51.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 50% during (2024 - 2031).
Decentralized Finance (DeFi) rapidly transforms the global financial landscape, offering an alternative to traditional banking and financial services through blockchain technology. Unlike conventional financial systems, which rely on centralized institutions such as banks, regulatory bodies, and payment processors, DeFi operates on decentralized blockchain networks that facilitate peer-to-peer transactions without intermediaries.
Additionally, by leveraging smart contracts, decentralized applications (DApps), and digital assets, DeFi enables individuals and businesses to access financial services, including lending, borrowing, trading, yield farming, staking, and asset management, in a transparent, secure, and permissionless manner. This paradigm shift reshapes how people interact with money, making financial services more accessible, inclusive, and efficient for the audience.
Across North America, the market is experiencing diverse growth patterns influenced by each nation's unique economic and technological landscapes. The region's sophisticated infrastructure, coupled with an increasing interest in decentralized financial solutions, establishes North America as a prominent participant in the global decentralized finance ecosystem. DeFi use is anticipated to grow as public awareness and regulatory frameworks continue to change, providing cutting-edge financial services to a wider range of people.
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 Exchange, Payments, Stablecoins, Marketplaces & Liquidity, Compliance & Identity, Prediction Industry, Assets Tokenization, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Aave
- Balancer Labs
- Compound Labs, Inc.
- Badger DAO
- Bancor
- SushiSwap (Yearn Finance)
- MakerDao
- Synthetix
- Curve Finance
North America Decentralized Finance Market Report Segmentation
By Component
- Blockchain Technology
- Decentralized Applications (dApps)
- Smart Contracts
By Application
- Data & Analytics
- Decentralized Exchange
- Payments
- Stablecoins
- Marketplaces & Liquidity
- Compliance & Identity
- Prediction Industry
- Assets Tokenization
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Decentralized Finance Market, by Component
- 1.4.2 North America Decentralized Finance Market, by Application
- 1.4.3 North America Decentralized Finance Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Strategies Deployed in Decentralized Finance Market
- 4.1 Porter Five Forces Analysis
Chapter 5. North America Decentralized Finance Market by Component
- 5.1 North America Blockchain Technology Market by Country
- 5.2 North America Decentralized Applications (dApps) Market by Country
- 5.3 North America Smart Contracts Market by Country
Chapter 6. North America Decentralized Finance Market by Application
- 6.1 North America Data & Analytics Market by Country
- 6.2 North America Decentralized Exchange Market by Country
- 6.3 North America Payments Market by Country
- 6.4 North America Stablecoins Market by Country
- 6.5 North America Marketplaces & Liquidity Market by Country
- 6.6 North America Compliance & Identity Market by Country
- 6.7 North America Prediction Industry Market by Country
- 6.8 North America Assets Tokenization Market by Country
- 6.9 North America Other Application Market by Country
Chapter 7. North America Decentralized Finance Market by Country
- 7.1 US Decentralized Finance Market
- 7.1.1 US Decentralized Finance Market by Component
- 7.1.2 US Decentralized Finance Market by Application
- 7.2 Canada Decentralized Finance Market
- 7.2.1 Canada Decentralized Finance Market by Component
- 7.2.2 Canada Decentralized Finance Market by Application
- 7.3 Mexico Decentralized Finance Market
- 7.3.1 Mexico Decentralized Finance Market by Component
- 7.3.2 Mexico Decentralized Finance Market by Application
- 7.4 Rest of North America Decentralized Finance Market
- 7.4.1 Rest of North America Decentralized Finance Market by Component
- 7.4.2 Rest of North America Decentralized Finance Market by Application
Chapter 8. Company Profiles
- 8.1 Aave
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Partnerships, Collaborations, and Agreements:
- 8.1.2.2 Product Launches and Product Expansions:
- 8.2 Balancer Labs
- 8.2.1 Company Overview
- 8.2.2 Recent strategies and developments:
- 8.2.2.1 Product Launches and Product Expansions:
- 8.3 Compound Labs, Inc.
- 8.3.1 Company Overview
- 8.3.2 Recent strategies and developments:
- 8.3.2.1 Product Launches and Product Expansions:
- 8.4 Badger DAO
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
- 8.4.2.1 Product Launches and Product Expansions:
- 8.5 Bancor
- 8.5.1 Company Overview
- 8.5.2 Recent strategies and developments:
- 8.5.2.1 Product Launches and Product Expansions:
- 8.6 SushiSwap(Yearn Finance)
- 8.6.1 Company Overview
- 8.6.2 Recent strategies and developments:
- 8.6.2.1 Partnerships, Collaborations, and Agreements:
- 8.7 MakerDAO
- 8.7.1 Company Overview
- 8.8 Synthetix
- 8.8.1 Company Overview
- 8.9 Curve Finance
- 8.9.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Decentralized Finance Market, 2020 - 2023, USD Million
- TABLE 2 North America Decentralized Finance Market, 2024 - 2031, USD Million
- TABLE 3 North America Decentralized Finance Market by Component, 2020 - 2023, USD Million
- TABLE 4 North America Decentralized Finance Market by Component, 2024 - 2031, USD Million
- TABLE 5 North America Blockchain Technology Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Blockchain Technology Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Decentralized Applications (dApps) Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Decentralized Applications (dApps) Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Smart Contracts Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Smart Contracts Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Decentralized Finance Market by Application, 2020 - 2023, USD Million
- TABLE 12 North America Decentralized Finance Market by Application, 2024 - 2031, USD Million
- TABLE 13 North America Data & Analytics Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Data & Analytics Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Decentralized Exchange Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Decentralized Exchange Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Payments Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Payments Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Stablecoins Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Stablecoins Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Marketplaces & Liquidity Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Marketplaces & Liquidity Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Compliance & Identity Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Compliance & Identity Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Prediction Industry Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Prediction Industry Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Assets Tokenization Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Assets Tokenization Market by Country, 2024 - 2031, USD Million
- TABLE 29 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Decentralized Finance Market by Country, 2020 - 2023, USD Million
- TABLE 32 North America Decentralized Finance Market by Country, 2024 - 2031, USD Million
- TABLE 33 US Decentralized Finance Market, 2020 - 2023, USD Million
- TABLE 34 US Decentralized Finance Market, 2024 - 2031, USD Million
- TABLE 35 US Decentralized Finance Market by Component, 2020 - 2023, USD Million
- TABLE 36 US Decentralized Finance Market by Component, 2024 - 2031, USD Million
- TABLE 37 US Decentralized Finance Market by Application, 2020 - 2023, USD Million
- TABLE 38 US Decentralized Finance Market by Application, 2024 - 2031, USD Million
- TABLE 39 Canada Decentralized Finance Market, 2020 - 2023, USD Million
- TABLE 40 Canada Decentralized Finance Market, 2024 - 2031, USD Million
- TABLE 41 Canada Decentralized Finance Market by Component, 2020 - 2023, USD Million
- TABLE 42 Canada Decentralized Finance Market by Component, 2024 - 2031, USD Million
- TABLE 43 Canada Decentralized Finance Market by Application, 2020 - 2023, USD Million
- TABLE 44 Canada Decentralized Finance Market by Application, 2024 - 2031, USD Million
- TABLE 45 Mexico Decentralized Finance Market, 2020 - 2023, USD Million
- TABLE 46 Mexico Decentralized Finance Market, 2024 - 2031, USD Million
- TABLE 47 Mexico Decentralized Finance Market by Component, 2020 - 2023, USD Million
- TABLE 48 Mexico Decentralized Finance Market by Component, 2024 - 2031, USD Million
- TABLE 49 Mexico Decentralized Finance Market by Application, 2020 - 2023, USD Million
- TABLE 50 Mexico Decentralized Finance Market by Application, 2024 - 2031, USD Million
- TABLE 51 Rest of North America Decentralized Finance Market, 2020 - 2023, USD Million
- TABLE 52 Rest of North America Decentralized Finance Market, 2024 - 2031, USD Million
- TABLE 53 Rest of North America Decentralized Finance Market by Component, 2020 - 2023, USD Million
- TABLE 54 Rest of North America Decentralized Finance Market by Component, 2024 - 2031, USD Million
- TABLE 55 Rest of North America Decentralized Finance Market by Application, 2020 - 2023, USD Million
- TABLE 56 Rest of North America Decentralized Finance Market by Application, 2024 - 2031, USD Million
- TABLE 57 Key Information - Aave
- TABLE 58 Key Information - Balancer Labs
- TABLE 59 Key Information - Compound Labs, Inc.
- TABLE 60 Key Information - Badger DAO
- TABLE 61 Key Information - Bancor
- TABLE 62 Key Information - Sushiswap
- TABLE 63 Key Information - MakerDAO
- TABLE 64 Key Information - Synthetix
- TABLE 65 Key Information - curve finance
