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Decentralized Finance Technology Market Size to Surpass USD 337.04 Billion by 2030, exhibiting a CAGR of 28.2%

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Pune, India, Aug. 03, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global decentralized finance technology market size was valued at USD 55.58 billion in 2022 and is projected to grow from USD 59.26 billion in 2023 to USD 337.04 billion by 2030, exhibiting a CAGR of 28.2% during the forecast period. MetaMask and Fireblocks Collaborate to Expand Web3 Wallet Capabilities. Fortune Business Insights presents this information in their report titled “Global Decentralized Finance Technology Market Forecast, 2023-2030.”

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Decentralized finance (DeFi) technology utilizes blockchain-based distributed ledger technology to provide services such as investing, lending, and exchanging crypto assets in a decentralized manner, without relying on conventional centralized financing. Key market players are actively offering their solutions across diverse sectors, contributing to the growth of the DeFi market over the forecast period.

Key Industry Development:

June 2023 – MetaMask partnered with Fireblocks to integrate its web3 wallet for multi-custodial institutional and organizations web3 offering on the market. Fireblocks uses its platform to develop novel products on the blockchain and manage crypto operations.

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Key Takeaways:

  • Decentralized finance technology market size in North America was USD 31.65 billion in 2022
  • Pandemic Impact on DeFi Market Lead to Innovation
  • dApps Drives Dominance with User-Friendly Interfaces and Real-Time Monitoring
  • BFSI Takes the Lead in Embracing DeFi for Enhanced Financial Inclusion

Discover the Leading Players Featured in the Report:

“Companies leading the global decentralized finance technology market Are Compound Labs, Inc. (U.S.), Dapper Labs, Inc. (Canada), Moon Pay Limited (U.S.), Hashflow (U.S.), Bancor Network (Switzerland), MetaMask (U.S.), Uniswap (U.S.), Aave (U.K.), SushiSwap (Japan), Synthetix (Australia) “

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 28.2%
2030 Value Projection USD 337.04 Billion
Base Year 2022
Decentralized Finance Technology Market Size in 2022 USD 55.58 Billion
Historical Data for 2019 to 2021
No. of Pages 120
Segments covered Component, Application, Industry, and Region

Browse Complete Report Details: https://www.fortunebusinessinsights.com/decentralized-finance-technology-market-107823

Drivers and Restraints:

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DeFi Technology Empowering Financial Independence and Driving Market Growth

DeFi technology enables users to verify and audit transactions, ensuring transparency and fostering the development of decentralized analytics and auditing tools. By empowering individuals to have control over their finances and participate in a wide range of financial activities without relying on centralized authorities, DeFi is expected to drive the decentralized finance technology market growth during the estimated period.

However, the presence of weaknesses in smart contracts, code exploits, or attacks targeting the underlying blockchain networks can result in significant financial losses.

Segmentation:

By Component

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  • Decentralized Applications (dApps)
  • Smart Contracts

By Application

  • Asset Management
  • Compliance and KYT
  • Data Analytics
  • Payments
  • Gaming

By Industry

  • BFSI
  • Retail & E-commerce
  • Media & Entertainment
  • Automotive
  • Others (Real Estate)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Regional Insights:

North America Leads as the U.S. Drives Growth with Active Participation in DeFi Projects

North America is poised to be a major player in the DeFi technology market, with the U.S. driving significant growth through active participation in DeFi projects. The region’s advanced technology and digital infrastructure contribute to its strong market presence.

Asia Pacific is expected to lead the growth in the market, driven by China, Japan, and Singapore, known for their innovation and supportive regulatory environment.

Quick Buy – Decentralized Finance Technology Market Research Report: https://www.fortunebusinessinsights.com/compare-plan/107823

Competitive Landscape:

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Market Leaders Harnessing Technology and Collaboration for Innovation and Growth

Leading decentralized finance technology players are making substantial investments in cutting-edge technologies, such as artificial intelligence, blockchain, cloud computing, and machine learning, to enhance the capabilities of their platforms and drive innovation. Additionally, these industry leaders are strategically engaging in mergers, acquisitions, collaborations, and partnerships to further expand their decentralized finance technology market share and deliver enhanced solutions to their customers.

FAQs

How big is the decentralized finance technology Market?

The decentralized finance technology market size was USD 55.58 billion in 2022. It is expected to reach USD 337.04 billion by 2030.

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How fast is the decentralized finance technology market growing?

The decentralized finance technology market will exhibit a CAGR of 28.2% during the forecast period, 2023-2030.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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