Decentralized Finance Market Foreseen To Increase Exponentially By 2030
Decentralized Finance Industry The global decentralized finance market size was estimated at USD 20.48 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 53.7% from 2025 to 2030. Decentralized finance (DeFi) has brought about a significant transformation in the financial sector, becoming a key driver for the market's expansion. Over the past few years, the integration of DeFi with decentralized blockchain platforms has become highly popular. The growing adoption of DeFi can be attributed to its ability to remove traditional intermediaries from financial processes, which streamlines and decentralizes financial operations. A particularly notable area where DeFi has made a remarkable impact is in the insurance industry, where it addresses the challenges of complex procedures, cumbersome paperwork, and traditional audit systems. By leveraging decentralized platforms, the insurance sector has been able to enhance efficiency and simplify ope...