DeFi Market Forecast: A $18.28 Billion Explosion by 2027
Decentralized finance (DeFi) has been around for quite some time, allowing everyone to execute direct peer-to-peer trades with each other and giving users control over their finances, bypassing the traditional banking system altogether.
2021 was the year DeFi went from underground to mainstream, shattering records left and right, with wallets ballooning and the DeFi Pulse Index skyrocketing by 154%.
“2021 outperformed 2020 at every moment,” says the crew at ConsenSys.
And the numbers? From a cozy $9 billion in TVL (total value locked) to a whopping $179 billion by November 2021. But what’s fuelling this financial upheaval, and what market trends can we identify right now?
Keep reading to unlock the secrets of DeFi, and find out why analysts believe this will become a $18.28 billion financial ecosystem by 2027.
The latest figures from Statista show that the DeFi market revenue will continue to see significant and steady increase year after year for the foreseeable future.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.07%, resulting in a projected total of $37 billion by 2028.
In 2023, the market recorded $17.74 billion in revenue. This was a substantial increase (226.7%) from the winter conditions of the year prior which had seen only $5.43 billion.
Moving forward, however, 2024 is projected to record a 47.5% revenue increase to $26.15 billion. By 2025, this number is expected to grow to $31.54 billion, concluding the first half of this decade on a strong note.
Statista forecasts the following two years to be successful as well. 2026 is projected to see its revenue increase to $34.15 billion, followed by $36.02 billion in 2027. Therefore, between 2023 and 2027, DeFi market revenue is projected to rise
Read more on cryptonews.com
