> For the complete documentation index, see [llms.txt](https://redheal.gitbook.io/whitepaper_eng/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://redheal.gitbook.io/whitepaper_eng/market-trend.md).

# Market Trend

### The growth and outlook of the De-Fi

According to data released by the De-Fi analysis site DefiLlama, the total amount of funds deposited in De-Fi projects worldwide has reached $90 billion (approximately 120 trillion won), marking a 45.1% increase compared to a month ago ($62 billion) and an 80% increase compared to a year ago ($50 billion). This is the first time in two years since the Terra-Luna incident that the total amount deposited in De-Fi has exceeded $90 billion. This increase is analyzed as a result of the cryptocurrency market being revitalized with the integration of cryptocurrencies into the institutional framework, such as the approval of Bitcoin ETFs.

A recent report from the investment platform Exponential indicates that the Total Value Locked (TVL) in yield generating De-Fi protocols has steadily increased from $26.5 billion in Q3 2023 to $59.7 billion in Q1 2024. This growth is seen as a sign of renewed trust and liquidity returning to the De-Fi market.

<figure><img src="/files/0j1olLpkotxCc7ZOUUOk" alt=""><figcaption><p><strong>Figure04. Total Value Locked per Protocol Job(Source: Exponential.fi)</strong></p></figcaption></figure>

Additionally, according to Statista, a provider of business data, the projected revenue for the De-Fi market is estimated to reach $2.617 billion by 2024. With an expected growth rate (CAGR from 2024 to 2028) of 9.07%, it is forecasted to reach a total of $3.704 billion by 2028. This analysis indicates the growth and innovative changes in the De-Fi market, suggesting that the market is maturing towards greater rationality, efficiency, and enhanced risk awareness.

<figure><img src="/files/J4dvqdWUpG0RrSB9wF14" alt=""><figcaption><p><strong>Figure05. Revenue in the DeFi market(source: Statista Market Insights)</strong></p></figcaption></figure>

Due to the borderless nature of blockchain, De-Fi is expected to open new market opportunities for businesses, facilitating globalization. By leveraging the automation features of smart contracts, it is anticipated that De-Fi will reduce management overhead and enhance operational efficiency, leading to innovations in business processes such as supply chain management and contract execution.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://redheal.gitbook.io/whitepaper_eng/market-trend.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.