Summary
TLDR: Decentralized finance (DeFi) in Asia saw a significant increase in transaction volume, accounting for 55.8% in CSAO from July 2022 to June 2022, compared to 35.3% the previous year. The Asian-Pacific region dominates in terms of purchasing power, with six out of the top 10 countries located there, including India, Vietnam, the Philippines, Indonesia, Pakistan, and Thailand.
Key Points
1. Decentralized finance (DeFi) in Asia has seen a significant increase in transaction volume from July 2022 through June 2022, accounting for 55.8% of the total volume. This marks a substantial jump of over 20% compared to the previous year.
2. The Asian-Pacific region, specifically countries such as India, Vietnam, the Philippines, Indonesia, Pakistan, and Thailand, dominates in terms of purchasing power in the DeFi space. Six out of the top 10 countries with the highest purchasing power are located in this region.
3. The growing popularity and adoption of DeFi in Asia indicate a strong interest in decentralized financial solutions. This trend highlights the region’s potential as a major player in the global DeFi ecosystem, as it continues to attract more users and investment.