According to analysts from Chainalysis, decentralized finance (DeFi) technology is far from being widespread adopted. They claim that such protocols have gained popularity in countries with a high level of income and with the presence of professional traders and investors in the crypto market.
In the second quarter of 2021, transactions over $10 million accounted for more than 60% of trading activity in the DeFi sector. As a comparison: in the cryptocurrency market as a whole, this share was “just” 50%.
When analyzing web traffic, the analysts found out North Americans are the most interested in the development of the DeFi industry. Following the DeFi summer of 2020, interest has increased in Western Europe and Central and Southeast Asia.
The USA, Vietnam, Thailand, China and Great Britain are on the leading positions in the rating of the world distribution of DeFi.
The United States, China and Russia can play a decisive role in the development of the space of decentralized finance.
However, the company analysts are still unsure about whether the DeFi sector will gain wider acceptance in the future beyond speculation and investment.