Key Takeaways

• According to Coin Telegraph, DeFi will have $8.185 trillion in value in 5 years.

• According to Nasdaq, the NFT space will have $7 trillion in value in the next 10-plus years.

• According to Valuates Reports, smart contracts will have $345.4 million in value locked in 5 years.

Introduction

Decentralized Finance (DeFi) Market

• The DeFi market exploded in 2020, growing 14 times in that year. It is now a multibillion-dollar market worth $81.85 billion, with experts predicting even more growth in the future.
• According to Micro Small Cap, the global DeFi market is expected to grow 10 times by 2022, hitting about $800 billion.
• In the next 5 years, the DeFi market is expected to grow 100 times hitting about $8 trillion, according to Coin Telegraph.

• The expected future DeFi market size in the next 5 years = Current DeFi market size * 100 = $8.185 billion * 100 = $818.5 billion (about $800 billion)

NFT Market

•  According to JP Morgan, the current global market size of the NFT market is about $7 billion.
• Over the next 10-plus years, the global NFT market is expected to grow 1,000 fold, to about $7 trillion.

• The expected future NFT market size in 10-plus years = Current NFT market size * 1,000 = $7 billion * 1,000 = $7 trillion

Smart Contracts Market

•  According to Valuates Reports, the global market size of the Smart Contracts Markets in 2019 was $106.7 million.
•  Between 2021 and 2026, the global market size of the smart contracts market is expected to grow at a CAGR of 18.1%, reaching $345.4 million in five years (2026).

Research Strategy