Overview

This section shows an overview of the entire markets, relevant to the Stackspace ecosystem.

Industry.

Within the decade, blockchain utility has taken a hike, with the number of unique wallet users estimated at around 320 million users globally, drawn up from a list of countries with the US, India, Pakistan, and Nigeria taking the lead in terms of the highest concentration of users within a specific geographical location. This totals only around 4.2% population average, implying considerable potential in terms of a largely un-cryptoed population.

The DeFi ecosystem has grown by over 4x since 2020. It quadrupled from $9.1 billion locked funds in DeFi to around $39.1 billion in 2022. Staked currencies are speculated to hit $100 billion by 2030; however, this represents staked crypto assets alone. The DeFi market has a lot more to offer. According to Dune Analytics, over 4 million unique addresses are actively using DeFi applications, representing a 40x growth in the last two years. The Ethereum blockchain, which represents the bulk of all DeFi transactions, reportedly settled over $11.6 trillion in transaction volumes as of Q4 2021.