Decentralized Finance (DeFi)
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Statista Dossier on DeFi, or Decentralized Finance, projects - such as crypto lending and exchanges - worldwide
DeFi or Decentralized Finance is an umbrella term that refers to financial services built on and provided by a blockchain. They typically use cryptocurrencies to function and fit in a philosophy that wants to "cut out the middleman" such as financial companies or governments. Anyone with access to the internet, so is the idea, would be able to borrow money, apply for insurance, speculate on markets, or pay across countries. This first originated on Ethereum, but other blockchains have increasingly gained in popularity as some claimed Ethereum had become too congested and expensive.
This Dossier investigates the concept of DeFi from several angles, starting off with a bird's eye view of how big this market has become and which segments are dominant. It will then look at where the people interested in Decentralized Finance services seemingly tend to come from. Finally, it names some of the the most significant applications within different segments and provides insights on whether businesses might be interested in certain aspects of the blockchain or not.
Statista provides dedicated Dossiers to individual cryptocurrencies and blockchains that are often used with DeFi. These include:
This Dossier investigates the concept of DeFi from several angles, starting off with a bird's eye view of how big this market has become and which segments are dominant. It will then look at where the people interested in Decentralized Finance services seemingly tend to come from. Finally, it names some of the the most significant applications within different segments and provides insights on whether businesses might be interested in certain aspects of the blockchain or not.
Statista provides dedicated Dossiers to individual cryptocurrencies and blockchains that are often used with DeFi. These include:
