In light of the continual advancement of blockchain technology, the adoption and expansion of decentralized finance (DeFi) have experienced a significant surge. This evolution of DeFi has empowered individuals to engage in peer-to-peer transactions and take control of their finances by circumventing the traditional banking system.
The year 2021 marked a substantial growth phase for DeFi as it gained widespread attention, breaking numerous records, evident in the exponential increase in wallets and a staggering growth of over 150% in the DeFi Pulse Index.
RACA has always been at the forefront of the DeFi ecosystem, announcing services, protocols, staking platforms, farming and other tools that have helped drive and empower our community with the most advanced tools on Web3. RACA has always believed in the disruptive potential of decentralized finance, and continues to develop innovative products such as the “RACA Phone”.
An expert from ConsenSys noted that 2021 surpassed expectations at every turn. CoinMarketCap reported that the market capitalization of the entire DeFi sector experienced a 2.13% growth, reaching $90,595,143,411.
Projections for the DeFi market indicate robust growth, with estimates suggesting an annual growth rate of 9.07%, potentially reaching $37 billion by the close of 2028, according to data from Statica.
By the end of 2023, the revenue generated by the DeFi market amounted to $17.74 billion. Notably, the cryptocurrency market has achieved significant milestones in recent quarters, with projected revenue for 2024 standing at $26.15 billion, representing a growth rate of 47.5%.
Another report from Statica forecasts that revenue from the cryptocurrency market will grow at a rate of 8.62% annually, potentially reaching $71.7 billion by 2028, with the industry’s user base projected to surpass 992 million by the same year.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community.
