Market Insights Financial Digital Assets

DeFi - Niger

Niger

The DeFi market is estimated to generate a revenue of US$13.0k in 2024.
This revenue is projected to experience an annual growth rate (CAGR 2024-2025) of -3.46%, resulting in a total projected amount of US$12.5k by 2025.
In 2024, the average revenue per user in the DeFi market is expected to be US$0.9.
When compared globally, United States leads the way with the highest revenue of US$73,350.0k in 2024.
Looking ahead, the number of users in the DeFi market is anticipated to reach 14.00k users by 2025.
Furthermore, user penetration is set to increase from 0.05% in 2024 to 0.05% by 2025.
It is important to note that these projections and figures specifically pertain to the DeFi market, and do not encompass the overall financial market or any other market segment.
As we focus on in Niger, it is worth noting that the DeFi market is a global phenomenon, and its impact is not limited to any specific country or region.
However, it is expected that in Niger, like other countries, will experience the growth and influence of the DeFi market in the coming years.
As a journalist with deep knowledge about history, facts, and insights in the DeFi market, I can provide you with the following country-specific statement about current trends in Niger: Niger's DeFi market is witnessing a surge in decentralized lending platforms, enabling its unbanked population to access financial services.

Key regions: Brazil, South Korea, India, France, Japan

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Analyst Opinion

The DeFi (Decentralized Finance) market is currently experiencing significant growth and innovation. One current trend is the rise of decentralized exchanges (DEXs), which allow users to trade cryptocurrencies without a central authority. Another trend is the emergence of yield farming, where users can earn rewards for providing liquidity to DeFi protocols. Additionally, the integration of non-fungible tokens (NFTs) into DeFi is also gaining popularity, allowing for new ways to collateralize assets.
The growth of the DeFi market is driven by several factors, including the increasing demand for decentralized financial services that are more accessible, transparent, and inclusive than traditional finance. Additionally, the flexibility and programmability of blockchain technology enable the creation of new financial instruments and services that were previously impossible. The availability of decentralized lending, borrowing, and trading platforms also contributes to the growth of DeFi, allowing users to interact with financial markets in a more decentralized and permissionless way.
Looking ahead, the DeFi market is expected to continue growing. Factors that are expected to drive this growth include the ongoing development of new DeFi use cases and applications, the increasing adoption of cryptocurrency by mainstream investors, and the continued emergence of new DeFi platforms and protocols. However, the market is also likely to face challenges, such as regulatory uncertainty and security concerns, which could impact its growth in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.