{"id":79665,"date":"2026-01-02T22:48:01","date_gmt":"2026-01-02T13:48:01","guid":{"rendered":"https:\/\/www.marketresearch.co.jp\/insights\/decentralized-finance-defi-market-mordor\/"},"modified":"2026-03-27T15:48:01","modified_gmt":"2026-03-27T06:48:01","slug":"decentralized-finance-defi-market-mordor","status":"publish","type":"post","link":"https:\/\/www.marketresearch.co.jp\/insights\/decentralized-finance-defi-market-mordor\/","title":{"rendered":"DeFi\uff08\u5206\u6563\u578b\u91d1\u878d\uff09\u5e02\u5834\u898f\u6a21\u30fb\u30b7\u30a7\u30a2\u5206\u6790\uff1a\u6210\u9577\u52d5\u5411\u3068\u4e88\u6e2c\uff082025-2030\u5e74\uff09"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.marketresearch.co.jp\/insights\/wp-content\/uploads\/2026\/01\/decentralized-finance-defi-market-1751868682646-major-players.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.marketresearch.co.jp\/insights\/wp-content\/uploads\/2026\/01\/decentralized-finance-defi-market-size-image-1751868674170.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-0\">\n    1. \u306f\u3058\u3081\u306b<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          1.1 \u8abf\u67fb\u306e\u524d\u63d0 &amp; \u5e02\u5834\u306e\u5b9a\u7fa9<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          1.2 \u8abf\u67fb\u306e\u7bc4\u56f2<\/p>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-1\">\n    2. \u8abf\u67fb\u65b9\u6cd5<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-2\">\n    3. \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30b5\u30de\u30ea\u30fc<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-3\">\n    4. \u5e02\u5834\u6982\u89b3<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          4.1 \u5e02\u5834\u6982\u8981<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.2 \u5e02\u5834\u306e\u63a8\u9032\u8981\u56e0<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.2.1 \u4e3b\u8981\u306aDeFi\u5206\u91ce\u306b\u304a\u3051\u308bTotal-Value-Locked\uff08TVL\uff09\u306e\u5897\u52a0<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.2 \u7c73\u56fd\uff08ETF\uff09\u304a\u3088\u3073EU\uff08MiCA\uff09\u306b\u304a\u3051\u308b\u898f\u5236\u306e\u660e\u78ba\u5316\u304c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u6d41\u5165\u3092\u4fc3\u9032<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.3 \u30ec\u30a4\u30e4\u30fc2\u306e\u624b\u6570\u6599\u5727\u7e2e\u304c\u5b9f\u73fe\u53ef\u80fd\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3092\u62e1\u5927<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.4 \u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u5b9f\u4e16\u754c\u8cc7\u7523\uff08RWA\uff09\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u9280\u884c\u30ec\u30d9\u30eb\u306e\u727d\u5f15\u529b\u3092\u7372\u5f97<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.5 AI\u99c6\u52d5\u306e\u300cDeFAI\u300d\u30ed\u30dc\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u304c\u5229\u56de\u308a\u6226\u7565\u3092\u81ea\u52d5\u5316<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.2.6 \u6c7a\u6e08\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u7d71\u5408\u304c\u4e3b\u6d41\u306e\u30b7\u30b9\u30c6\u30e0\u3068DeFi\u3092\u7e4b\u3050\t<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          4.3 \u5e02\u5834\u306e\u963b\u5bb3\u8981\u56e0<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.3.1 \u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u60aa\u7528\u3068\u30aa\u30e9\u30af\u30eb\u64cd\u4f5c\u306e\u30ea\u30b9\u30af<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.2 \u898f\u5236\u975e\u6e96\u62e0\u306edApps\u306b\u5bfe\u3059\u308bAML\/KYC\u57f7\u884c\u63aa\u7f6e<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.3 \u4e00\u90e8\u306e\u30d7\u30fc\u30eb\u3078\u306e\u6d41\u52d5\u6027\u96c6\u4e2d\u304c\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30ea\u30b9\u30af\u3092\u9ad8\u3081\u308b<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.3.4 \u30ec\u30d0\u30ec\u30c3\u30b8\u304a\u3088\u3073\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306b\u5bfe\u3059\u308b\u7684\u3092\u7d5e\u3063\u305f\u898f\u5236\u63aa\u7f6e\u304c\u4e0d\u78ba\u5b9f\u6027\u3092\u751f\u3080\t<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          4.4 \u30d0\u30ea\u30e5\u30fc\/\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5206\u6790<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.5 \u898f\u5236\u74b0\u5883<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.6 \u6280\u8853\u7684\u5c55\u671b<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          4.7 \u30dd\u30fc\u30bf\u30fc\u306e5\u3064\u306e\u529b<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          4.7.1 \u65b0\u898f\u53c2\u5165\u8005\u306e\u8105\u5a01<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.2 \u4ee3\u66ff\u54c1\u306e\u8105\u5a01<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.3 \u8cb7\u3044\u624b\u306e\u4ea4\u6e09\u529b<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.4 \u4f9b\u7d66\u8005\u306e\u4ea4\u6e09\u529b<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          4.7.5 \u7af6\u4e89\u306e\u7a0b\u5ea6<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-4\">\n    5. \u5e02\u5834\u898f\u6a21\u3068\u6210\u9577\u4e88\u6e2c<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          5.1 \u30d7\u30ed\u30c8\u30b3\u30eb\u30bf\u30a4\u30d7\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.1.1 \u5206\u6563\u578b\u53d6\u5f15\u6240 (DEX)<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.2 \u8cb8\u4ed8\u30fb\u501f\u5165\u30d7\u30ed\u30c8\u30b3\u30eb<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.3 \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.4 \u30c8\u30fc\u30af\u30f3\u5316RWA\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.1.5 \u305d\u306e\u4ed6\uff08\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u3001\u30a4\u30fc\u30eb\u30c9\u30a2\u30b0\u30ea\u30b2\u30fc\u30bf\u30fc\u3001\u30ea\u30ad\u30c3\u30c9\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\uff09<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.2 \u6700\u7d42\u7528\u9014\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.2.1 \u6c7a\u6e08\u30fb\u9001\u91d1<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.2.2 \u53d6\u5f15\u30fb\u6295\u8cc7<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.2.3 \u8caf\u84c4\u30fb\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.2.4 \u56fd\u5883\u3092\u8d8a\u3048\u305f\u8ca1\u52d9<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.2.5 \u305d\u306e\u4ed6\uff08\u4fdd\u967a\u3001\u30a4\u30f3\u30d5\u30e9\u3001GameFi\uff09<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.3 \u30a8\u30f3\u30c9\u30e6\u30fc\u30b6\u30fc\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.3.1 \u500b\u4eba\u30e6\u30fc\u30b6\u30fc<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.2 \u4e2d\u5c0f\u4f01\u696d (SMEs)<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.3 \u5927\u4f01\u696d<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.4 \u6a5f\u95a2\u6295\u8cc7\u5bb6\u30fb\u8cc7\u7523\u904b\u7528\u4f1a\u793e<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.3.5 \u958b\u767a\u8005\u30fb\u30a4\u30f3\u30d5\u30e9\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">\n          5.4 \u5730\u57df\u5225<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          5.4.1 \u5317\u7c73<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.1 \u30ab\u30ca\u30c0<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.2 \u7c73\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.1.3 \u30e1\u30ad\u30b7\u30b3<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.2 \u5357\u7c73<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.1 \u30d6\u30e9\u30b8\u30eb<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.2 \u30da\u30eb\u30fc<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.3 \u30c1\u30ea<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.4 \u30a2\u30eb\u30bc\u30f3\u30c1\u30f3<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.2.5 \u305d\u306e\u4ed6\u306e\u5357\u7c73\u8af8\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.3 \u30e8\u30fc\u30ed\u30c3\u30d1<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.1 \u30a4\u30ae\u30ea\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.2 \u30c9\u30a4\u30c4<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.3 \u30d5\u30e9\u30f3\u30b9<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.4 \u30b9\u30da\u30a4\u30f3<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.5 \u30a4\u30bf\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.6 \u30d9\u30cd\u30eb\u30af\u30b9\uff08\u30d9\u30eb\u30ae\u30fc\u3001\u30aa\u30e9\u30f3\u30c0\u3001\u30eb\u30af\u30bb\u30f3\u30d6\u30eb\u30af\uff09<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.7 \u5317\u6b27\u8af8\u56fd\uff08\u30c7\u30f3\u30de\u30fc\u30af\u3001\u30d5\u30a3\u30f3\u30e9\u30f3\u30c9\u3001\u30a2\u30a4\u30b9\u30e9\u30f3\u30c9\u3001\u30ce\u30eb\u30a6\u30a7\u30fc\u3001\u30b9\u30a6\u30a7\u30fc\u30c7\u30f3\uff09<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.3.8 \u305d\u306e\u4ed6\u306e\u30e8\u30fc\u30ed\u30c3\u30d1\u8af8\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.4 \u30a2\u30b8\u30a2\u592a\u5e73\u6d0b<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.1 \u30a4\u30f3\u30c9<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.2 \u4e2d\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.3 \u65e5\u672c<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.4 \u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.5 \u97d3\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.6 \u6771\u5357\u30a2\u30b8\u30a2 <\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.4.7 \u305d\u306e\u4ed6\u306e\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u8af8\u56fd<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          5.4.5 \u4e2d\u6771\u304a\u3088\u3073\u30a2\u30d5\u30ea\u30ab<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.1 \u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.2 \u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.3 \u5357\u30a2\u30d5\u30ea\u30ab<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.4 \u30ca\u30a4\u30b8\u30a7\u30ea\u30a2<\/p>\n<\/li>\n<li class=\"toc-level-4\">\n          5.4.5.5 \u305d\u306e\u4ed6\u306e\u4e2d\u6771\u304a\u3088\u3073\u30a2\u30d5\u30ea\u30ab\u8af8\u56fd<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-5\">\n    6. \u7af6\u4e89\u74b0\u5883<\/p>\n<ul>\n<li class=\"toc-level-2\">\n          6.1 \u5e02\u5834\u96c6\u4e2d\u5ea6<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.2 \u6226\u7565\u7684\u52d5\u304d<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.3 \u5e02\u5834\u30b7\u30a7\u30a2\u5206\u6790<\/p>\n<\/li>\n<li class=\"toc-level-2\">\n          6.4 \u4f01\u696d\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb {(\u30b0\u30ed\u30fc\u30d0\u30eb\u30ec\u30d9\u30eb\u306e\u6982\u8981\u3001\u5e02\u5834\u30ec\u30d9\u30eb\u306e\u6982\u8981\u3001\u4e3b\u8981\u30bb\u30b0\u30e1\u30f3\u30c8\u3001\u5229\u7528\u53ef\u80fd\u306a\u8ca1\u52d9\u60c5\u5831\u3001\u6226\u7565\u60c5\u5831\u3001\u4e3b\u8981\u4f01\u696d\u306e\u5e02\u5834\u30e9\u30f3\u30ad\u30f3\u30b0\/\u30b7\u30a7\u30a2\u3001\u88fd\u54c1&amp;\u30b5\u30fc\u30d3\u30b9\u3001\u304a\u3088\u3073\u6700\u8fd1\u306e\u52d5\u5411\u3092\u542b\u3080)}<\/p>\n<ul>\n<li class=\"toc-level-3\">\n          6.4.1 MakerDAO<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.2 Uniswap Labs<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.3 Curve Finance<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.4 Lido Finance<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.5 Compound Labs<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.6 Synthetix<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.7 ConsenSys<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.8 Circle Internet Financial<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.9 Tether Operations<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.10 Binance Labs<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.11 Solana Foundation<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.12 Tron DAO<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.13 StarkWare<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.14 Polygon Labs<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.15 Coinbase (Base)<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.16 Blockstream<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.17 Maple Finance<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.18 Pendle Finance<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.19 Morpho Labs<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.20 Hyperliquid<\/p>\n<\/li>\n<li class=\"toc-level-3\">\n          6.4.21 Centrifuge<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-6\">\n    7. \u5e02\u5834\u6a5f\u4f1a&amp;\u5c06\u6765\u5c55\u671b<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5206\u6563\u578b\u91d1\u878d\uff08DeFi\uff09\u5e02\u5834\u306f\u30012025\u5e74\u306b\u306f512.2\u5104\u7c73\u30c9\u30eb\u3068\u8a55\u4fa1\u3055\u308c\u30012030\u5e74\u306b\u306f784.9\u5104\u7c73\u30c9\u30eb\u306b\u9054\u3059\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u3001\u4e88\u6e2c\u671f\u9593\u4e2d\u306e\u5e74\u5e73\u5747\u6210\u9577\u7387\uff08CAGR\uff09\u306f8.96%\u3067\u3059\u3002\u3053\u306e\u5e02\u5834\u306f\u3001\u6295\u6a5f\u7684\u306a\u53d6\u5f15\u304b\u3089\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8ca1\u52d9\u904b\u7528\u3078\u3068\u6d3b\u52d5\u306e\u8ef8\u8db3\u3092\u79fb\u3057\u3066\u304a\u308a\u3001EU\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\uff08MiCA\uff09\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306b\u3088\u308b\u898f\u5236\u306e\u660e\u78ba\u5316\u3084\u3001\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u5b9f\u7269\u8cc7\u7523\uff08RWA\uff09\u306e\u53d6\u308a\u7d44\u307f\u304c\u3053\u306e\u5909\u5316\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u307e\u3059\u30022024\u5e74\u306b\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306eTotal Value Locked\uff08TVL\uff09\u304c420\u5104\u7c73\u30c9\u30eb\u306b\u9054\u3057\u3001\u9280\u884c\u3084\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u304c\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u30ad\u30e3\u30c3\u30b7\u30e5\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u30ef\u30fc\u30af\u30d5\u30ed\u30fc\u306b\u7d71\u5408\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ec\u30a4\u30e4\u30fc2\uff08L2\uff09\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u306b\u3088\u308b\u624b\u6570\u6599\u5727\u7e2e\u306f\u3001\u5e73\u5747\u6c7a\u6e08\u30b3\u30b9\u30c8\u309230%\u524a\u6e1b\u3057\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u5206\u6563\u578b\u53d6\u5f15\u6240\uff08DEX\uff09\u53d6\u5f15\u91cf\u306e\u534a\u5206\u4ee5\u4e0a\u304c\u30e1\u30a4\u30f3\u30c1\u30a7\u30fc\u30f3\u304b\u3089\u79fb\u884c\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30de\u30a4\u30af\u30ed\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u306e\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u304c\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002\u9999\u6e2f\u3084\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306b\u304a\u3051\u308b\u5730\u57df\u653f\u7b56\u306e\u63a8\u9032\u306f\u3001\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u304c\u5e02\u5834\u3092\u727d\u5f15\u3059\u308b\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u306f\u4f9d\u7136\u3068\u3057\u3066\u69cb\u9020\u7684\u306a\u8ab2\u984c\u3067\u3042\u308a\u3001\u30d5\u30e9\u30c3\u30b7\u30e5\u30ed\u30fc\u30f3\u653b\u6483\u304c\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u640d\u5931\u306e\u5927\u90e8\u5206\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e3b\u8981\u306a\u5e02\u5834\u52d5\u5411\u3068\u6d1e\u5bdf<\/p>\n<p>\u5e02\u5834\u6210\u9577\u306e\u4fc3\u9032\u8981\u56e0\uff1a<\/p>\n<p>1.  DeFi\u4e3b\u8981\u5206\u91ce\u306b\u304a\u3051\u308bTotal Value Locked (TVL) \u306e\u5897\u52a0: \u30de\u30cd\u30fc\u30de\u30fc\u30b1\u30c3\u30c8\u304a\u3088\u3073\u53d6\u5f15\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u300124\u6642\u9593365\u65e5\u306e\u6d41\u52d5\u6027\u3092\u6c42\u3081\u308b\u4f01\u696d\u8cc7\u91d1\u3092\u547c\u3073\u8fbc\u307f\u3001\u6301\u7d9a\u53ef\u80fd\u306a\u624b\u6570\u6599\u53ce\u5165\u3092\u78ba\u4fdd\u3057\u3066\u3044\u307e\u3059\u3002Solana\u306f80\u5104\uff5e90\u5104\u7c73\u30c9\u30eb\u306e\u30ed\u30c3\u30af\u3055\u308c\u305f\u8cc7\u672c\u3092\u8a18\u9332\u3057\u3001\u4e16\u754c\u306eDEX\u53d6\u5f15\u306e81%\u3092\u51e6\u7406\u3057\u307e\u3057\u305f\u3002Bitcoin\u306e\u30ea\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u30b5\u30fc\u30d3\u30b9\u3082DeFi\u62c5\u4fdd\u306e\u6210\u9577\u3092\u727d\u5f15\u3057\u3066\u304a\u308a\u3001\u30ed\u30c3\u30af\u3055\u308c\u305f\u4fa1\u5024\u306e\u898f\u6a21\u3068\u591a\u69d8\u5316\u304c\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u5b89\u5b9a\u6027\u3068\u6295\u8cc7\u5bb6\u306e\u4fe1\u983c\u3092\u5f37\u5316\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306fCAGR\u306b+2.1%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u5317\u7c73\u304a\u3088\u3073\u6b27\u5dde\u9023\u5408\u3067\u4e2d\u671f\u7684\u306b\u95a2\u9023\u6027\u304c\u9ad8\u3044\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n2.  \u7c73\u56fd\u304a\u3088\u3073EU\u306b\u304a\u3051\u308b\u898f\u5236\u306e\u660e\u78ba\u5316\u306b\u3088\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u8cc7\u91d1\u306e\u6d41\u5165: 2024\u5e7412\u6708\u306bEU\u306eMiCA\u898f\u5236\u304c\u5b8c\u5168\u306b\u65bd\u884c\u3055\u308c\u3001\u30d1\u30b9\u30dd\u30fc\u30c8\u5236\u5ea6\u3068\u6d88\u8cbb\u8005\u4fdd\u8b77\u67a0\u7d44\u307f\u304c\u5c0e\u5165\u3055\u308c\u307e\u3057\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u8cbb\u7528\u304c\u5927\u5e45\u306b\u524a\u6e1b\u3055\u308c\u3001\u9280\u884c\u306e\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u6c7a\u6e08\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u5c0e\u5165\u3078\u306e\u95a2\u5fc3\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u30d5\u30e9\u30f3\u30b9\u306fCircle\u306be-money\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u4ed8\u4e0e\u3057\u3001\u898f\u5236\u3055\u308c\u305f\u67a0\u7d44\u307f\u5185\u3067\u306eUSDC\u767a\u884c\u3092\u53ef\u80fd\u306b\u3057\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u6d41\u901a\u91cf\u3092\u524d\u5e74\u6bd478%\u5897\u52a0\u3055\u305b\u307e\u3057\u305f\u3002\u7c73\u56fd\u3067\u3082\u3001Circle\u306e\u4fe1\u8a17\u9280\u884c\u7533\u8acb\u3084GENIUS Act\u306a\u3069\u306e\u6cd5\u6848\u304c\u3001\u9023\u90a6\u653f\u5e9c\u76e3\u7763\u4e0b\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u3078\u306e\u8d85\u515a\u6d3e\u306e\u652f\u6301\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30a2\u30b8\u30a2\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e71%\u304c\u30c8\u30fc\u30af\u30f3\u5316\u8cc7\u7523\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u8fbc\u3080\u3053\u3068\u3092\u691c\u8a0e\u3057\u3066\u304a\u308a\u3001\u56fd\u969b\u8cbf\u6613\u6c7a\u6e08\u304c\u8a31\u53ef\u578bDeFi\u30ec\u30fc\u30eb\u3092\u901a\u3058\u3066\u884c\u308f\u308c\u3001\u6c7a\u6e08\u30b5\u30a4\u30af\u30eb\u304c\u6570\u65e5\u304b\u3089\u6570\u5206\u306b\u77ed\u7e2e\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306fCAGR\u306b+1.8%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u5317\u7c73\u304a\u3088\u3073\u6b27\u5dde\u9023\u5408\u3001\u305d\u3057\u3066\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u3078\u306e\u6ce2\u53ca\u52b9\u679c\u304c\u77ed\u671f\u7684\u306b\u671f\u5f85\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n3.  \u30ec\u30a4\u30e4\u30fc2\uff08L2\uff09\u306b\u3088\u308b\u624b\u6570\u6599\u5727\u7e2e\u3068\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306e\u62e1\u5927: 2025\u5e74\u7b2c1\u56db\u534a\u671f\u306bL2\u30ed\u30fc\u30eb\u30a2\u30c3\u30d7\u306f\u5408\u8a08420\u5104\u7c73\u30c9\u30eb\u4ee5\u4e0a\u306e\u4fa1\u5024\u3092\u51e6\u7406\u3057\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306eDEX\u53d6\u5f15\u91cf\u306e\u307b\u307c\u534a\u5206\u306b\u76f8\u5f53\u3057\u307e\u3057\u305f\u3002\u5e73\u5747\u30b9\u30ef\u30c3\u30d7\u624b\u6570\u6599\u306f0.20\u7c73\u30c9\u30eb\u4ee5\u4e0b\u306b\u4f4e\u4e0b\u3057\u3001\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u30de\u30a4\u30af\u30ed\u30da\u30a4\u30e1\u30f3\u30c8\u3084\u9ad8\u983b\u5ea6\u6226\u7565\u304c\u7d4c\u6e08\u7684\u306b\u5b9f\u73fe\u53ef\u80fd\u306b\u306a\u308a\u307e\u3057\u305f\u3002Base\u3068Optimism\u3067\u306f\u3001\u30aa\u30d7\u30c6\u30a3\u30df\u30b9\u30c6\u30a3\u30c3\u30afMEV\u53d6\u5f15\u304c\u30ac\u30b9\u6d88\u8cbb\u306e\u534a\u5206\u4ee5\u4e0a\u3092\u5360\u3081\u3001\u4f4e\u624b\u6570\u6599\u304c\u65b0\u305f\u306a\u88c1\u5b9a\u53d6\u5f15\u884c\u52d5\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3044\u307e\u3059\u3002\u52d5\u7684\u306a\u4fa1\u683c\u8a2d\u5b9a\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u3088\u308a\u3001\u30ec\u30ac\u30b7\u30fc\u30b7\u30b9\u30c6\u30e0\u306b\u5bfe\u3059\u308b\u30b3\u30b9\u30c8\u512a\u4f4d\u6027\u3092\u7dad\u6301\u3057\u3064\u3064\u3001\u7d66\u4e0e\u652f\u6255\u3044\u306a\u3069\u306e\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3092\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306fCAGR\u306b+1.4%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u3001\u7279\u306b\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u304a\u3088\u3073\u5317\u7c73\u3067\u4e2d\u671f\u7684\u306b\u63a1\u7528\u304c\u9032\u3080\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n4.  \u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u5b9f\u7269\u8cc7\u7523\uff08RWA\uff09\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u9280\u884c\u696d\u754c\u3067\u306e\u666e\u53ca: Standard Chartered\u306f\u30012034\u5e74\u307e\u3067\u306b\u4e16\u754c\u306e\u30c8\u30fc\u30af\u30f3\u5316\u8a3c\u5238\u5e02\u5834\u304c30.1\u5146\u7c73\u30c9\u30eb\u306b\u9054\u3059\u308b\u3068\u4e88\u6e2c\u3057\u3001\u8cbf\u6613\u91d1\u878d\u304c16%\u3092\u5360\u3081\u308b\u3068\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002Centrifuge\u3068Archax\u306fAnemoy Janus Henderson Liquid Treasury Fund\u3092\u4e0a\u5834\u3057\u3001KYC\u7ba1\u7406\u3092\u640d\u306a\u3046\u3053\u3068\u306a\u304f\u5373\u65e5\u6d41\u52d5\u6027\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002J.P. Morgan\u306eProject Guardian\u30d1\u30a4\u30ed\u30c3\u30c8\u306f\u3001\u30d1\u30d6\u30ea\u30c3\u30af\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u6c7a\u6e08\u304c\u4e2d\u592e\u9280\u884c\u306e\u57fa\u6e96\u3092\u6e80\u305f\u305b\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3001\u9280\u884c\u306e\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u30ec\u30dd\u304a\u3088\u3073\u62c5\u4fdd\u4ea4\u63db\u306e\u5c55\u958b\u3092\u52a0\u901f\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u58f2\u639b\u91d1\u3001\u8acb\u6c42\u66f8\u3001\u70ad\u7d20\u30af\u30ec\u30b8\u30c3\u30c8\u306a\u3069\u304c\u7d9a\u304d\u3001\u975e\u6d41\u52d5\u7684\u306a\u7d19\u8cc7\u7523\u304c24\u6642\u9593365\u65e5\u53d6\u5f15\u53ef\u80fd\u306a\u5546\u54c1\u306b\u5909\u63db\u3055\u308c\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u3053\u308c\u306fCAGR\u306b+1.2%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u6b27\u5dde\u9023\u5408\u304a\u3088\u3073\u5317\u7c73\u3067\u3001\u305d\u3057\u3066\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u3067\u9577\u671f\u7684\u306b\u53f0\u982d\u3059\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n5.  AI\u99c6\u52d5\u578bDeFi\u30ed\u30dc\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u306b\u3088\u308b\u30a4\u30fc\u30eb\u30c9\u6226\u7565\u306e\u81ea\u52d5\u5316: \u3053\u308c\u306fCAGR\u306b+0.9%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u3001\u7279\u306b\u6280\u8853\u5148\u9032\u5730\u57df\u306b\u96c6\u4e2d\u3057\u3066\u9577\u671f\u7684\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n6.  \u6c7a\u6e08\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3068\u306e\u7d71\u5408\u306b\u3088\u308bDeFi\u306e\u4e3b\u6d41\u5316: \u3053\u308c\u306fCAGR\u306b+0.8%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u3001\u7279\u306b\u5317\u7c73\u304a\u3088\u3073\u6b27\u5dde\u3067\u77ed\u671f\u7684\u306b\u521d\u671f\u5c55\u958b\u304c\u9032\u3080\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u6210\u9577\u306e\u963b\u5bb3\u8981\u56e0\uff1a<\/p>\n<p>1.  \u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u60aa\u7528\u3068\u30aa\u30e9\u30af\u30eb\u64cd\u4f5c\u306e\u30ea\u30b9\u30af: Mango Markets\u306e\u4fb5\u5bb3\u306b\u898b\u3089\u308c\u308b\u3088\u3046\u306b\u3001\u653b\u6483\u306f\u5358\u4e00\u30d6\u30ed\u30c3\u30af\u306e\u4fa1\u683c\u6b6a\u66f2\u304b\u3089\u8907\u6570\u30d6\u30ed\u30c3\u30af\u306e\u30b7\u30fc\u30b1\u30f3\u30b9\u3078\u3068\u9032\u5316\u3057\u3066\u3044\u307e\u3059\u3002KiloEx\u306e750\u4e07\u7c73\u30c9\u30eb\u898f\u6a21\u306e\u60aa\u7528\uff082025\u5e741\u6708\uff09\u306f\u3001\u30aa\u30e9\u30af\u30eb\u306e\u8106\u5f31\u6027\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u307e\u3057\u305f\u3002LLM\u63a8\u8ad6\u3092\u6d3b\u7528\u3057\u305f\u691c\u51fa\u30a8\u30f3\u30b8\u30f3\u306f\u64cd\u4f5c\u8a66\u884c\u306e96%\u3092\u691c\u51fa\u3059\u308b\u3082\u306e\u306e\u3001\u653b\u6483\u8005\u306f\u9069\u5fdc\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u6a19\u6e96\u5316\u3055\u308c\u305f\u76e3\u67fb\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3001\u5f62\u5f0f\u691c\u8a3c\u30c4\u30fc\u30eb\u3001\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u30ad\u30eb\u30b9\u30a4\u30c3\u30c1\u30e1\u30ab\u30cb\u30ba\u30e0\u304c\u5fc5\u8981\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306fCAGR\u306b-1.6%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u3001\u7279\u306b\u65b0\u8208DeFi\u5e02\u5834\u3067\u77ed\u671f\u7684\u306b\u9ad8\u3044\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n2.  AML\/KYC\u898f\u5236\u306e\u5f37\u5316\u3068\u975e\u6e96\u62e0\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u5f71\u97ff: \u6b27\u5dde\u8a3c\u5238\u5e02\u5834\u76e3\u7763\u5c40\uff08ESMA\uff09\u306f\u3001\u4e0d\u900f\u660e\u306a\u30aa\u30d5\u30b7\u30e7\u30a2\u30b0\u30eb\u30fc\u30d7\u69cb\u9020\u304c\u6295\u8cc7\u5bb6\u4fdd\u8b77\u3092\u640d\u306a\u3046\u3068\u8b66\u544a\u3057\u3001\u900f\u660e\u306a\u30ac\u30d0\u30ca\u30f3\u30b9\u3092\u6301\u305f\u306a\u3044\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u5bfe\u3059\u308b\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u8981\u4ef6\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002MiCA\u65bd\u884c\u5f8c\u3001Tether\u304c\u4e00\u90e8\u306e\u6b27\u5dde\u53d6\u5f15\u6240\u304b\u3089\u524a\u9664\u3055\u308c\u305f\u4e8b\u4f8b\u306f\u3001\u975e\u6e96\u62e0\u306e\u767a\u884c\u8005\u304c\u5373\u5ea7\u306b\u6d41\u52d5\u6027\u5371\u6a5f\u306b\u76f4\u9762\u3059\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002Uniswap Labs\u306f\u30ec\u30d0\u30ec\u30c3\u30b8\u30c8\u30fc\u30af\u30f3\u4e0a\u5834\u306b\u95a2\u3057\u3066CFTC\u306817.5\u4e07\u7c73\u30c9\u30eb\u3067\u548c\u89e3\u3057\u3001\u898f\u5236\u5f53\u5c40\u304c\u7279\u5b9a\u306e\u88fd\u54c1\u6a5f\u80fd\u3092\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3059\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u307e\u3057\u305f\u3002\u30bc\u30ed\u77e5\u8b58\u8a3c\u660e\u30d9\u30fc\u30b9\u306eID\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u304c\u767b\u5834\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u63a1\u7528\u306e\u4e0d\u5747\u4e00\u6027\u304c\u6d41\u52d5\u6027\u3092\u5206\u65ad\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306fCAGR\u306b-1.2%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u6b27\u5dde\u9023\u5408\u304a\u3088\u3073\u5317\u7c73\u3067\u3001\u305d\u3057\u3066\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u306b\u62e1\u5927\u3057\u3066\u4e2d\u671f\u7684\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n3.  \u5c11\u6570\u306e\u30d7\u30fc\u30eb\u3078\u306e\u6d41\u52d5\u6027\u96c6\u4e2d\u306b\u3088\u308b\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30ea\u30b9\u30af\u306e\u5897\u5927: \u3053\u308c\u306fCAGR\u306b-0.8%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u3001\u7279\u306b\u4e3b\u8981DeFi\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u96c6\u4e2d\u3057\u3066\u4e2d\u671f\u7684\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br \/>\n4.  \u30ec\u30d0\u30ec\u30c3\u30b8\u304a\u3088\u3073\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306b\u5bfe\u3059\u308b\u898f\u5236\u63aa\u7f6e\u306b\u3088\u308b\u4e0d\u78ba\u5b9f\u6027: \u3053\u308c\u306fCAGR\u306b-0.7%\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u7c73\u56fd\u304a\u3088\u3073\u6b27\u5dde\u9023\u5408\u3067\u77ed\u671f\u7684\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30bb\u30b0\u30e1\u30f3\u30c8\u5206\u6790<\/p>\n<p>*   \u30d7\u30ed\u30c8\u30b3\u30eb\u30bf\u30a4\u30d7\u5225: \u5206\u6563\u578b\u53d6\u5f15\u6240\uff08DEX\uff09\u306f2024\u5e74\u306bDeFi\u5e02\u5834\u30b7\u30a7\u30a2\u306e32.45%\u3092\u5360\u3081\u3001\u53d6\u5f15\u91cf\u304c\u96c6\u4e2d\u578b\u53d6\u5f15\u6240\u304b\u3089\u79fb\u884c\u3057\u307e\u3057\u305f\u3002\u540c\u6642\u306b\u3001\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u5b9f\u7269\u8cc7\u7523\uff08RWA\uff09\u30d7\u30ed\u30c8\u30b3\u30eb\u306f2030\u5e74\u307e\u3067\u306b9.55%\u306eCAGR\u3067\u6700\u3082\u9ad8\u3044\u6210\u9577\u3092\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u3001\u898f\u5236\u3055\u308c\u305f\u30a4\u30fc\u30eb\u30c9\u5546\u54c1\u304c\u4f01\u696d\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306b\u9069\u5408\u3057\u3066\u3044\u307e\u3059\u3002\u30ec\u30f3\u30c7\u30a3\u30f3\u30b0\u5e02\u5834\u3067\u306f\u3001Radiant\u306e\u3088\u3046\u306b\u904e\u5270\u62c5\u4fdd\u3092\u5f37\u5236\u3059\u308b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u8cc7\u91d1\u3092\u7372\u5f97\u3059\u308b\u4e00\u65b9\u3001\u4f4e\u57fa\u6e96\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u624b\u6570\u6599\u53ce\u5165\u3092\u5931\u3044\u3001\u54c1\u8cea\u3078\u306e\u79fb\u884c\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u30b7\u30b9\u30c6\u30e0\u306f\u3001\u6b27\u5dde\u3067USDC\u304ce-money\u30b9\u30c6\u30fc\u30bf\u30b9\u3092\u8a8d\u3081\u3089\u308c\u305f\u3053\u3068\u3067\u3001\u305d\u306e\u6d41\u901a\u91cf\u304c600\u5104\u7c73\u30c9\u30eb\u3092\u8d85\u3048\u3001\u6069\u6075\u3092\u53d7\u3051\u3066\u3044\u307e\u3059\u3002\u7af6\u4e89\u512a\u4f4d\u6027\u306f\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3001\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u6a5f\u80fd\u3001\u8cc7\u672c\u52b9\u7387\u306b\u3088\u3063\u3066\u5b9a\u7fa9\u3055\u308c\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u30a4\u30f3\u30d5\u30ec\u7684\u306a\u30c8\u30fc\u30af\u30f3\u5831\u916c\u3078\u306e\u4f9d\u5b58\u3092\u6e1b\u3089\u3057\u3001\u900f\u660e\u306a\u624b\u6570\u6599\u5206\u5272\u3068\u30b5\u30fc\u30d3\u30b9\u30ec\u30d9\u30eb\u4fdd\u8a3c\u306b\u79fb\u884c\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u6700\u7d42\u7528\u9014\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u5225: \u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3068\u6295\u8cc7\u306f2024\u5e74\u306b\u53ce\u76ca\u306e41.45%\u3092\u5360\u3081\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u8ca1\u52d9\u30fb\u6c7a\u6e08\u306f10.65%\u306eCAGR\u3067\u6210\u9577\u3057\u3066\u304a\u308a\u3001\u591a\u56fd\u7c4d\u4f01\u696d\u304c\u7c73\u30c9\u30eb\u5efa\u3066\u8cc7\u7523\u3092\u6570\u5206\u3067\u79fb\u52d5\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u6295\u6a5f\u7684\u6d3b\u52d5\u3092\u4e0a\u56de\u308b\u52e2\u3044\u3067\u3059\u3002\u6c7a\u6e08\u3068\u9001\u91d1\u3082\u52a0\u901f\u3057\u3066\u304a\u308a\u3001\u65b0\u8208\u5e02\u5834\u306e\u6d88\u8cbb\u8005\u304c\u9ad8\u984d\u306a\u9001\u91d1\u624b\u6570\u6599\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u4f7f\u7528\u3057\u3001\u56fd\u5185\u30ab\u30fc\u30c9\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u5339\u6575\u3059\u308b\u53d6\u5f15\u91cf\u3092\u8a18\u9332\u3057\u3066\u3044\u307e\u3059\u3002AI\u99c6\u52d5\u578b\u30ed\u30dc\u8ca1\u52d9\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u306f\u3001\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3084\u4fe1\u7528\u72b6\u6cc1\u306b\u5fdc\u3058\u3066\u6d41\u52d5\u6027\u3092\u518d\u914d\u5206\u3059\u308b\u52b9\u7387\u5c64\u3068\u3057\u3066\u767b\u5834\u3057\u307e\u3057\u305f\u3002\u30e6\u30fc\u30b6\u30fc\u306e\u7126\u70b9\u306f\u3001\u77ed\u671f\u7684\u306a\u53d6\u5f15\u5229\u76ca\u304b\u3089\u3001\u4e88\u6e2c\u53ef\u80fd\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3001\u904b\u8ee2\u8cc7\u91d1\u6700\u9069\u5316\u3001\u81ea\u52d5\u30d8\u30c3\u30b8\u6a5f\u80fd\u3078\u3068\u79fb\u884c\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n*   \u30a8\u30f3\u30c9\u30e6\u30fc\u30b6\u30fc\u5225: \u30ea\u30c6\u30fc\u30eb\u30a6\u30a9\u30ec\u30c3\u30c8\u306f2024\u5e74\u306b\u6d3b\u52d5\u306e58.69%\u3092\u5360\u3081\u3001DeFi\u306e\u8349\u306e\u6839\u7684\u306a\u7cbe\u795e\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f8.10%\u306eCAGR\u3067\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3084\u4f01\u696d\u306f\u76e3\u67fb\u57fa\u6e96\u3092\u6e80\u305f\u3059\u8a31\u53ef\u4e0d\u8981\u306a\u30ec\u30fc\u30eb\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002\u30a2\u30b8\u30a2\u3067\u306f\u300171%\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u30c8\u30fc\u30af\u30f3\u5316\u8cc7\u7523\u3092\u4fdd\u6709\u307e\u305f\u306f\u4fdd\u6709\u4e88\u5b9a\u3067\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\uff08SMEs\uff09\u306fDeFi\u62c5\u4fdd\u306e\u8acb\u6c42\u66f8\u30d5\u30a1\u30af\u30bf\u30ea\u30f3\u30b0\u3092\u6d3b\u7528\u3057\u3001\u56fa\u5b9a\u8cc7\u7523\u3092\u62c5\u4fdd\u306b\u3059\u308b\u3053\u3068\u306a\u304f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u7ba1\u7406\u3057\u3066\u3044\u307e\u3059\u3002\u958b\u767a\u8005\u304a\u3088\u3073\u30a4\u30f3\u30d5\u30e9\u30c1\u30fc\u30e0\u306f\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u306e\u8ca1\u52d9\u6295\u7968\u3092\u901a\u3058\u3066\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u3092\u63d0\u6848\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306b\u3088\u308aDeFi\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u7d99\u7d9a\u7684\u306a\u9769\u65b0\u3068\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u304c\u4fdd\u8a3c\u3055\u308c\u3001\u5206\u6563\u578b\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u539f\u5247\u304c\u5f37\u5316\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>*   \u5730\u57df\u5225: \u5317\u7c73\u306fDeFi\u5e02\u5834\u3092\u30ea\u30fc\u30c9\u3057\u3066\u304a\u308a\u30012024\u5e74\u306b\u306f38.21%\u306e\u53ce\u76ca\u30b7\u30a7\u30a2\u3092\u5360\u3081\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u6280\u8853\u9769\u65b0\u3001\u898f\u5236\u306e\u660e\u78ba\u5316\u3001\u305d\u3057\u3066\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u306e\u9ad8\u307e\u308a\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u6b27\u5dde\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u306e\u898f\u5236\u67a0\u7d44\u307f\uff08MiCA\uff09\u306e\u5c0e\u5165\u306b\u3088\u308a\u3001DeFi\u306e\u63a1\u7528\u304c\u52a0\u901f\u3057\u3066\u3044\u307e\u3059\u3002\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u306f\u3001\u7279\u306b\u4e2d\u56fd\u3068\u30a4\u30f3\u30c9\u3067\u306e\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u6280\u8853\u306e\u6025\u901f\u306a\u666e\u53ca\u3068\u3001\u653f\u5e9c\u306b\u3088\u308b\u30c7\u30b8\u30bf\u30eb\u901a\u8ca8\u3078\u306e\u6295\u8cc7\u306b\u3088\u308a\u3001\u6700\u3082\u9ad8\u3044CAGR\u3067\u6210\u9577\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4e2d\u6771\u304a\u3088\u3073\u30a2\u30d5\u30ea\u30ab\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u3068\u9001\u91d1\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u5fc5\u8981\u6027\u304b\u3089\u3001DeFi\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u95a2\u5fc3\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u5357\u7c73\u3067\u306f\u3001\u7d4c\u6e08\u306e\u4e0d\u5b89\u5b9a\u6027\u304cDeFi\u306e\u63a1\u7528\u3092\u4fc3\u9032\u3057\u3066\u304a\u308a\u3001\u7279\u306b\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u3084\u30d6\u30e9\u30b8\u30eb\u3067\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u5229\u7528\u304c\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>*   \u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u5225: \u5206\u6563\u578b\u53d6\u5f15\u6240\uff08DEX\uff09\u306f\u30012024\u5e74\u306bDeFi\u5e02\u5834\u306e35.15%\u3092\u5360\u3081\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u4ef2\u4ecb\u696d\u8005\u306a\u3057\u3067\u6697\u53f7\u8cc7\u7523\u3092\u53d6\u5f15\u3067\u304d\u308b\u4e3b\u8981\u306a\u624b\u6bb5\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30ec\u30f3\u30c7\u30a3\u30f3\u30b0\u304a\u3088\u3073\u30dc\u30ed\u30fc\u30a4\u30f3\u30b0\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u62c5\u4fdd\u4ed8\u304d\u30ed\u30fc\u30f3\u3084\u30d5\u30e9\u30c3\u30b7\u30e5\u30ed\u30fc\u30f3\u3092\u63d0\u4f9b\u3057\u3001\u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306b\u9b45\u529b\u7684\u306a\u5229\u56de\u308a\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u8cc7\u7523\u7ba1\u7406\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u81ea\u52d5\u5316\u3057\u3001\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u6226\u7565\u306b\u53c2\u52a0\u3059\u308b\u3053\u3068\u3092\u53ef\u80fd\u306b\u3057\u307e\u3059\u3002\u4fdd\u967a\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u8106\u5f31\u6027\u3084\u30aa\u30e9\u30af\u30eb\u969c\u5bb3\u306b\u5bfe\u3059\u308b\u4fdd\u8b77\u3092\u63d0\u4f9b\u3057\u3001DeFi\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u4fe1\u983c\u6027\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u9ad8\u3044\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306b\u304a\u3044\u3066\u5b89\u5b9a\u3057\u305f\u4fa1\u5024\u306e\u4fdd\u5b58\u624b\u6bb5\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3001\u6c7a\u6e08\u3084\u9001\u91d1\u306b\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306f\u3001\u5148\u7269\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3001\u30b9\u30ef\u30c3\u30d7\u306a\u3069\u306e\u91d1\u878d\u5546\u54c1\u3092\u5206\u6563\u578b\u3067\u63d0\u4f9b\u3057\u3001\u30ea\u30b9\u30af\u30d8\u30c3\u30b8\u3084\u6295\u6a5f\u7684\u306a\u6a5f\u4f1a\u3092\u5275\u51fa\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>*   \u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u5225: \u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306f\u3001DeFi\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u57fa\u76e4\u3068\u3057\u3066\u4f9d\u7136\u3068\u3057\u3066\u652f\u914d\u7684\u306a\u5730\u4f4d\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u304c\u3001\u30b9\u30b1\u30fc\u30e9\u30d3\u30ea\u30c6\u30a3\u306e\u554f\u984c\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002Polygon\u3001Arbitrum\u3001Optimism\u306a\u3069\u306e\u30ec\u30a4\u30e4\u30fc2\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u306f\u3001\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u901f\u5ea6\u3092\u5411\u4e0a\u3055\u305b\u3001\u30ac\u30b9\u6599\u91d1\u3092\u524a\u6e1b\u3059\u308b\u3053\u3068\u3067\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u6a5f\u80fd\u3092\u62e1\u5f35\u3057\u3066\u3044\u307e\u3059\u3002Solana\u3001Avalanche\u3001Binance Smart Chain\uff08BSC\uff09\u306a\u3069\u306e\u4ee3\u66ff\u30ec\u30a4\u30e4\u30fc1\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306f\u3001\u9ad8\u3044\u30b9\u30eb\u30fc\u30d7\u30c3\u30c8\u3068\u4f4e\u3044\u624b\u6570\u6599\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3001DeFi\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u8a98\u81f4\u3057\u3066\u3044\u307e\u3059\u3002Cosmos\u3084Polkadot\u306a\u3069\u306e\u30a4\u30f3\u30bf\u30fc\u30aa\u30da\u30e9\u30d3\u30ea\u30c6\u30a3\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001\u7570\u306a\u308b\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u9593\u306e\u30b7\u30fc\u30e0\u30ec\u30b9\u306a\u901a\u4fe1\u3068\u8cc7\u7523\u8ee2\u9001\u3092\u53ef\u80fd\u306b\u3057\u3001DeFi\u306e\u76f8\u4e92\u904b\u7528\u6027\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>DeFi\u5e02\u5834\u306f\u3001\u6280\u8853\u9769\u65b0\u3001\u898f\u5236\u306e\u9032\u5316\u3001\u305d\u3057\u3066\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304a\u3088\u3073\u30ea\u30c6\u30fc\u30eb\u30e6\u30fc\u30b6\u30fc\u306e\u63a1\u7528\u62e1\u5927\u306b\u3088\u308a\u3001\u4eca\u5f8c\u3082\u6025\u901f\u306a\u6210\u9577\u3092\u7d9a\u3051\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u5206\u6563\u578b\u91d1\u878d\u306f\u3001\u5f93\u6765\u306e\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u3092\u518d\u69cb\u7bc9\u3057\u3001\u3088\u308a\u5305\u62ec\u7684\u3067\u52b9\u7387\u7684\u3001\u304b\u3064\u900f\u660e\u6027\u306e\u9ad8\u3044\u672a\u6765\u3092\u7bc9\u304f\u53ef\u80fd\u6027\u3092\u79d8\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u5206\u6563\u578b\u91d1\u878d\uff08DeFi\uff09\u5e02\u5834\u306e\u8a73\u7d30\u306a\u5206\u6790\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u307e\u3059\u3002DeFi\u306f\u3001\u8a3c\u5238\u4f1a\u793e\u3001\u53d6\u5f15\u6240\u3001\u9280\u884c\u3068\u3044\u3063\u305f\u4ef2\u4ecb\u696d\u8005\u306b\u4f9d\u5b58\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u3001\u4e3b\u306b\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u4e0a\u306e\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u3092\u6d3b\u7528\u3057\u3066\u91d1\u878d\u5546\u54c1\u3092\u63d0\u4f9b\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001\u5e02\u5834\u306e\u52d5\u5411\u3001\u5404\u30bb\u30b0\u30e1\u30f3\u30c8\u304a\u3088\u3073\u5730\u57df\u5e02\u5834\u306b\u304a\u3051\u308b\u65b0\u305f\u306a\u30c8\u30ec\u30f3\u30c9\u3001\u88fd\u54c1\u304a\u3088\u3073\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u30bf\u30a4\u30d7\u306b\u95a2\u3059\u308b\u6d1e\u5bdf\u3001\u4e3b\u8981\u30d7\u30ec\u30a4\u30e4\u30fc\u3001\u305d\u3057\u3066\u7af6\u4e89\u74b0\u5883\u306b\u7126\u70b9\u3092\u5f53\u3066\u3066\u5206\u6790\u3057\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u898f\u6a21\u3068\u6210\u9577\u4e88\u6e2c\u306b\u95a2\u3057\u3066\u3001DeFi\u5e02\u5834\u306f2025\u5e74\u306b512.2\u5104\u7c73\u30c9\u30eb\u306b\u9054\u3057\u30012030\u5e74\u307e\u3067\u306b\u306f\u5e74\u5e73\u5747\u6210\u9577\u7387\uff08CAGR\uff098.96%\u3067784.9\u5104\u7c73\u30c9\u30eb\u306b\u6210\u9577\u3059\u308b\u3068\u4e88\u6e2c\u3055\u308c\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u306e\u4e3b\u8981\u306a\u63a8\u9032\u8981\u56e0\u3068\u3057\u3066\u306f\u3001\u4ee5\u4e0b\u306e\u70b9\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<br \/>\n*   \u4e3b\u8981\u306aDeFi\u30d0\u30fc\u30c6\u30a3\u30ab\u30eb\u306b\u304a\u3051\u308bTotal-Value-Locked\uff08TVL\uff09\u306e\u5897\u52a0\u3002<br \/>\n*   \u7c73\u56fd\uff08ETF\uff09\u304a\u3088\u3073EU\uff08MiCA\uff09\u306b\u304a\u3051\u308b\u898f\u5236\u306e\u660e\u78ba\u5316\u304c\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u6d41\u5165\u3092\u4fc3\u9032\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u30ec\u30a4\u30e4\u30fc2\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u306b\u3088\u308b\u624b\u6570\u6599\u306e\u5727\u7e2e\u304c\u3001\u5229\u7528\u53ef\u80fd\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3092\u62e1\u5927\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u5b9f\u4e16\u754c\u8cc7\u7523\uff08RWA\uff09\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u3001\u9280\u884c\u30ec\u30d9\u30eb\u3067\u306e\u727d\u5f15\u529b\u3092\u7372\u5f97\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   AI\u99c6\u52d5\u306e\u300cDeFAI\u300d\u30ed\u30dc\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u304c\u3001\u30a4\u30fc\u30eb\u30c9\u6226\u7565\u3092\u81ea\u52d5\u5316\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u6c7a\u6e08\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3068\u306e\u7d71\u5408\u306b\u3088\u308a\u3001\u5f93\u6765\u306e\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u3068DeFi\u304c\u6a4b\u6e21\u3057\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u5e02\u5834\u306e\u6291\u5236\u8981\u56e0\u3084\u8ab2\u984c\u3082\u5b58\u5728\u3057\u307e\u3059\u3002<br \/>\n*   \u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u60aa\u7528\u3084\u30aa\u30e9\u30af\u30eb\u64cd\u4f5c\u306e\u30ea\u30b9\u30af\u3002<br \/>\n*   \u975e\u6e96\u62e0\u306edApps\u306b\u5bfe\u3059\u308bAML\uff08\u30a2\u30f3\u30c1\u30de\u30cd\u30fc\u30ed\u30f3\u30c0\u30ea\u30f3\u30b0\uff09\/KYC\uff08\u672c\u4eba\u78ba\u8a8d\uff09\u306e\u57f7\u884c\u63aa\u7f6e\u3002<br \/>\n*   \u5c11\u6570\u306e\u30d7\u30fc\u30eb\u3078\u306e\u6d41\u52d5\u6027\u96c6\u4e2d\u304c\u3001\u30b7\u30b9\u30c6\u30df\u30c3\u30af\u30ea\u30b9\u30af\u3092\u9ad8\u3081\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n*   \u30ec\u30d0\u30ec\u30c3\u30b8\u304a\u3088\u3073\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306b\u5bfe\u3059\u308b\u898f\u5236\u5f53\u5c40\u306e\u6a19\u7684\u578b\u63aa\u7f6e\u304c\u3001\u4e0d\u78ba\u5b9f\u6027\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3002<br \/>\n\u7279\u306b\u3001\u30b9\u30de\u30fc\u30c8\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u306e\u60aa\u7528\u3068\u9032\u5316\u3059\u308bAML\/KYC\u8981\u4ef6\u306f\u3001\u5e83\u7bc4\u306a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3088\u308b\u5229\u7528\u306b\u5bfe\u3059\u308b\u77ed\u671f\u7684\u306a\u6700\u5927\u306e\u8ab2\u984c\u3067\u3042\u308b\u3068\u6307\u6458\u3055\u308c\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30d7\u30ed\u30c8\u30b3\u30eb\u30bf\u30a4\u30d7\u5225\u3067\u306f\u3001\u5206\u6563\u578b\u53d6\u5f15\u6240\uff08DEX\uff09\u304c2024\u5e74\u306b32.45%\u3068\u6700\u5927\u306e\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u5360\u3081\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u4e2d\u592e\u96c6\u6a29\u578b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304b\u3089\u306e\u79fb\u884c\u304c\u9032\u3093\u3067\u3044\u308b\u3053\u3068\u306b\u8d77\u56e0\u3057\u307e\u3059\u3002<br \/>\n\u5730\u57df\u5225\u306b\u898b\u308b\u3068\u3001\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u5730\u57df\u304c\u9999\u6e2f\u3068\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306b\u304a\u3051\u308b\u898f\u5236\u306e\u660e\u78ba\u5316\u3001\u304a\u3088\u3073\u5f37\u529b\u306a\u958b\u767a\u8005\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u727d\u5f15\u3055\u308c\u300119.50%\u306eCAGR\u3067\u6700\u3082\u6025\u901f\u306b\u6210\u9577\u3057\u3066\u3044\u308b\u5730\u57df\u3068\u306a\u3063\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u306b\u3088\u308bDeFi\u306e\u5229\u7528\u3082\u9032\u3093\u3067\u304a\u308a\u3001\u5927\u4f01\u696d\u306f\u56fd\u5883\u3092\u8d8a\u3048\u305f\u8ca1\u52d9\u6c7a\u6e08\u3084\u3001\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u7c73\u56fd\u50b5\u3078\u306e\u4f59\u5270\u6d41\u52d5\u6027\u6295\u8cc7\u306bDeFi\u3092\u307e\u3059\u307e\u3059\u6d3b\u7528\u3057\u3066\u304a\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u6c7a\u6e08\u6642\u9593\u306e\u77ed\u7e2e\u3068\u904b\u7528\u30b3\u30b9\u30c8\u306e\u524a\u6e1b\u3092\u5b9f\u73fe\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n\u307e\u305f\u3001Mastercard\u3068Chainlink\u306e\u63d0\u643a\u306f\u300135\u5104\u4eba\u306e\u30ab\u30fc\u30c9\u4fdd\u6709\u8005\u3092DeFi\u306e\u6d41\u52d5\u6027\u306b\u7d50\u3073\u3064\u3051\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u4f1d\u7d71\u7684\u306a\u6c7a\u6e08\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3068\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u91d1\u878d\u306e\u9593\u306e\u878d\u5408\u3092\u793a\u3059\u91cd\u8981\u306a\u52d5\u304d\u3067\u3042\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001\u3053\u308c\u3089\u306e\u5206\u6790\u306b\u52a0\u3048\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u30bf\u30a4\u30d7\uff08\u5206\u6563\u578b\u53d6\u5f15\u6240\u3001\u8cb8\u4ed8\u30fb\u501f\u5165\u30d7\u30ed\u30c8\u30b3\u30eb\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3001\u30c8\u30fc\u30af\u30f3\u5316RWA\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306a\u3069\uff09\u3001\u30a8\u30f3\u30c9\u30e6\u30fc\u30b9\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\uff08\u6c7a\u6e08\u30fb\u9001\u91d1\u3001\u53d6\u5f15\u30fb\u6295\u8cc7\u3001\u8caf\u84c4\u30fb\u30a4\u30fc\u30eb\u30c9\u30d5\u30a1\u30fc\u30df\u30f3\u30b0\u306a\u3069\uff09\u3001\u30a8\u30f3\u30c9\u30e6\u30fc\u30b6\u30fc\uff08\u500b\u4eba\u30e6\u30fc\u30b6\u30fc\u3001\u4e2d\u5c0f\u4f01\u696d\u3001\u5927\u4f01\u696d\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306a\u3069\uff09\u3001\u304a\u3088\u3073\u5730\u7406\uff08\u5317\u7c73\u3001\u5357\u7c73\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3001\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u3001\u4e2d\u6771\u30fb\u30a2\u30d5\u30ea\u30ab\uff09\u306b\u3088\u308b\u5e02\u5834\u306e\u30bb\u30b0\u30e1\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u5206\u6790\u3068\u3001\u305d\u308c\u305e\u308c\u306e\u5e02\u5834\u898f\u6a21\u304a\u3088\u3073\u4e88\u6e2c\u3092\u63d0\u4f9b\u3057\u3066\u304a\u308a\u307e\u3059\u3002<br \/>\n\u3055\u3089\u306b\u3001MakerDAO\u3001Uniswap Labs\u3001Curve Finance\u3001Lido Finance\u3001Compound Labs\u3001Binance Labs\u3001Solana Foundation\u3001Polygon Labs\u3001Coinbase (Base)\u3068\u3044\u3063\u305f\u4e3b\u8981\u4f01\u696d\u306e\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\u3092\u542b\u3080\u7af6\u4e89\u74b0\u5883\u306e\u5206\u6790\u3082\u884c\u308f\u308c\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u5e02\u5834\u306e\u6a5f\u4f1a\u3068\u5c06\u6765\u306e\u5c55\u671b\u306b\u3064\u3044\u3066\u3082\u3001\u672a\u958b\u62d3\u306e\u9818\u57df\u3084\u6e80\u305f\u3055\u308c\u3066\u3044\u306a\u3044\u30cb\u30fc\u30ba\u306e\u8a55\u4fa1\u3092\u901a\u3058\u3066\u8003\u5bdf\u3055\u308c\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/posts\/79665"}],"collection":[{"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/comments?post=79665"}],"version-history":[{"count":1,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/posts\/79665\/revisions"}],"predecessor-version":[{"id":79668,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/posts\/79665\/revisions\/79668"}],"wp:attachment":[{"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/media?parent=79665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/categories?post=79665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketresearch.co.jp\/insights\/wp-json\/wp\/v2\/tags?post=79665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}