The DeFi market saw significant growth in 2025, with total value locked (TVL) reaching $171.9 billion in October. This growth was driven by the launch of new tokens and the proliferation of multichain DeFi ecosystems.
However, this upward trend was short-lived, as TVL fell by 25.5% following significant selloffs and broader economic challenges. The decline mirrored a broader market correction and was influenced by global economic factors, such as renewed tariff threats from Trump targeting China.
The sector is expected to expand rapidly, with an estimated compound annual growth rate (CAGR) of 68.2% and a projected market value of $1,417.65 billion by 2033. The Asia Pacific region is also expected to see substantial growth, with a projected CAGR of 70.2% from 2026 to 2033.