DeFi - Russia
Russia- The DeFi market in Russia is expected to witness significant growth in the coming years.
- According to projections, the market's revenue is projected to reach US$12.3m by 2024.
- This represents a substantial increase in revenue for the country.
- Furthermore, the DeFi market in Russia is anticipated to exhibit a compound annual growth rate (CAGR) of -2.31% between 2024 and 2025.
- As a result, the projected total revenue for the market is estimated to reach US$12.0m by 2025.
- In terms of average revenue per user, the DeFi market in Russia is expected to generate approximately US$8.1 in 2024.
- This metric provides insight into the financial potential of each user in the market.
- When compared globally, it is noteworthy that the highest revenue in the DeFi market is projected to be reached United States.
- In 2024, [globalrevenue_currentlayer_yeartoday_maxcountrynameprep] is expected to generate a staggering US$73.3m in revenue.
- This indicates the dominant position of the United States in the DeFi market.
- Looking specifically at user numbers, the DeFi market in Russia is projected to have approximately 1.53m users users by 2025.
- This demonstrates the substantial growth potential for user adoption in the market.
- In terms of user penetration, which measures the percentage of the population actively participating in the DeFi market, in Russia is expected to have a penetration rate of 1.06% in 2024.
- This is projected to increase slightly to 1.06% by 2025, highlighting the gradual expansion of the DeFi market within the country.
- Russia is experiencing a surge in DeFi adoption, with a growing number of individuals and businesses embracing decentralized finance solutions for enhanced financial privacy and efficiency.
- Key regions:
- Brazil,
- South Korea,
- India,
- France,
- Japan
Definition:
Decentralized Finance (DeFi), refers to a set of financial services and products that are built on decentralized blockchain networks, without the involvement of intermediaries such as banks or other financial institutions. DeFi aims to create a more open and accessible financial system that is accessible to anyone with an internet connection. DeFi services and products include lending and borrowing platforms, decentralized exchanges, asset management, insurance, and other financial services that can be accessed and managed through decentralized applications (DApps) on a blockchain network.Additional Information:
DeFi services are available on various blockchain networks, but the majority of the DeFi ecosystem is currently built on the Ethereum blockchain. Some of the key DeFi services available include Compund, Aave & Marker DAO. One other example of a key player in the DeFi space is Uniswap, which is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for intermediaries such as banks or exchanges. Uniswap uses an automated market maker (AMM) system to determine prices and liquidity, which is a new model for trading that does not rely on traditional order books. This allows for more decentralized and accessible trading, as anyone can participate in the network and earn fees by contributing liquidity.In-Scope
- Decentralized exchanges (DEXs)
- Decentralized lending and borrowing platforms
- Stablecoins
- Decentralized payment systems
Out-Of-Scope
- Traditional financial services such as banking and lending that are regulated by governments and require licenses
- Physical assets such as real estate or commodities that are not easily tokenized and traded on blockchain networks.
Market Insights report
