Digital asset performance : market insights
Currently, there are several trends in digital assets that are worth noting. One of the most notable is the growing interest in non-fungible tokens (NFTs), which are unique digital assets that are authenticated using blockchain technology. Another trend is the increasing popularity of stablecoins, which are digital assets that are designed to maintain a stable value relative to a particular asset, such as the US dollar. Additionally, there is a growing interest in decentralized finance (DeFi) platforms, which allow individuals to engage in financial activities, such as lending and borrowing, without the need for intermediaries.Several factors are driving the growth of the digital assets market. One of the most significant is the increasing adoption of blockchain technology, which provides a secure and transparent way to verify transactions. Additionally, the growing interest in decentralized finance (DeFi) is driving demand for digital assets, as individuals seek ways to participate in financial activities without relying on traditional financial institutions. Another factor is the growing awareness of the potential benefits of digital assets, such as lower transaction costs, faster transaction times, and increased liquidity.The digital assets market is expected to continue growing in the coming years, driven by factors such as increasing adoption of blockchain technology, growing interest in decentralized finance, and the increasing popularity of non-fungible tokens. Additionally, the development of new use cases for digital assets, such as in the gaming industry and for digital identity verification, is likely to further drive growth. However, as with any emerging market, there are also risks and challenges, such as regulatory uncertainty and the potential for market volatility.Revenue in the Digital Assets market is projected to reach US$80,080.0m in 2024.Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.77% resulting in a projected total amount of US$112,100.0m by 2028.The average revenue per user in the Digital Assets market amounts to US$96.0 in 2024.From a global comparison perspective it is shown that the highest revenue is reached in the United States (US$36,880.00m in 2024).In the Digital Assets market, the number of users is expected to amount to 992.50m users by 2028.User penetration will be 10.76% in 2024 and is expected to hit 12.39% by 2028.