The Banking Executive Issue - October 2025 Issue

SIZE OF GLOBAL ONCHAIN FINANCE MARKET According to Precedence Research, the global onchain finance market is projected to reach approximately $32.36 billion in 2025, driven by rapid growth in decentralized fi- nance (DeFi) and tokenized real- world assets. This figure reflects the expanding scope of blockchain- based financial services, including lending, trading, and asset manage- ment conducted via smart contracts. One of the fastest-growing segments is the tokenization of real-world as- sets (RWAs), which surged from $5 billion in 2022 to over $24 billion by mid-2025, a 380% increase. Accord- ing to Health Markets statistics (healthmarkets.com) , onchain rev- enue from blockchain application fees grew by 126% in the first half of 2025, signaling strong user demand and ecosystem. With a compound annual growth rate (CAGR) of over 53%, the market is expected to sur- pass $1.5 trillion by 2034, under- scoring its transformative potential across global finance. the BANKING EXECUTIVE 78 ISSUE 202 OCTOBER 2025 LEADING ONLINE PLATFORMS OFFERING ONCHAIN FINANCE Platform Aave Compound Maple Finance Uniswap Curve Finance Balancer Enzyme Finance Centrifuge Ondo Finance Nexus Mutual InsurAce Circle (USDC) Celo Tokeny Chainlink Lending & Borrowing Lending & Borrowing Institutional Credit Decentralized Exchange Stablecoin Exchange Liquidity & Portfolio Asset Management Real-World Asset Tokenization Tokenized Treasuries Insurance Insurance Payments & Treasury Mobile Payments Tokenized Securities Oracle Infrastructure Decentralized lending protocol with variable/stable interest rates Algorithmic money markets for crypto assets Under-collateralized loans for institutions AMM-based token swaps on Ethereum Low-slippage trading optimized for stablecoins Customizable liquidity pools and portfolio rebalancing Onchain vaults for managing crypto portfolios Tokenizes invoices, real estate, and other offchain assets Offers tokenized exposure to U.S. Treasuries and yield-bearing assets Covers smart contract and protocol risks Multi-chain insurance for DeFi protocols Stablecoin infrastructure for payments and treasury management Blockchain platform focused on mobile-first financial tools Issuance and compliance for tokenized financial instruments Decentralized data feeds for price, weather, and real-world events aave.com compound.finance maple.finance uniswap.org curve.fi balancer.fi enzyme.finance centrifuge.io ondo.finance nexusmutual.io insurace.io circle.com celo.org tokeny.com chain.link Category Key Features Website