Dive into 'The State of DeFi 2026' with our Comprehensive Report

At Reown, we are dedicated to providing the infrastructure platform for building onchain finance experiences. As part of our commitment to helping growth-driven teams scale, we are excited to announce the launch of our latest DeFi report, diving into the state of the DeFi market today.

The Next Frontier of Onchain Finance

The Reown DeFi report provides a comprehensive look at the shifting landscape of decentralized finance. As the ecosystem matures, we are seeing a move away from speculative cycles toward a durable financial system built on recognizable primitives and institutional-grade infrastructure. In other words, the industry is maturing, and so too is the infrastructure underpinning it.

Hear from the experts; with insights by industry leaders from Reown, WalletConnect, MoonPay, Mysten Labs, Solana Foundation, BOB, Rootstock Collective, Morpho, Bebop, Spark & Pendle.

At a glance, you can expect highlights from key areas of interest, including;

The Rise of Stablecoins

Stablecoins have transitioned from peripheral products to the essential monetary base layer for onchain activity, reaching record transaction volumes. Adoption nearly doubled between 2023 and 2025, with many embedding directly into global payment systems.

Institutional Adoption

Regulatory clarity is unlocking new paths for traditional financial institutions to embrace crypto, particularly through the tokenization of real-world assets (RWAs). Frameworks such as EU’s MiCA and the US GENIUS Act, and the introduction of crypto ETFs have opened up the DeFi market to institutional participation like never before.

Diversification

DeFi has expanded significantly in the last 2 years, from $45 B in 2023 to $170 B in mid 2025. Growth is becoming more concentrated in protocols that offer real utility and sustainable revenue models.

The Shift to Invisible Infrastructure

Users still cite UX problems as a barrier to adoption, but infrastructure is evolving to meet the challenge.

Access the Report

Ready to dive deep into the DeFi market? Explore the full findings to see how these shifts will impact your development roadmap and growth strategy.

View and download the DeFi report here ->

Build Better with Reown

Understanding the state of the market, trends and where the industry is moving is critical for developers and product teams building the next generation of DeFi apps. Reown provides the much needed infrastructure to help teams launch and scale onchain finance flows without starting from scratch. And as part of our commitment to developers, and with the market trends in tow, we’re moving towards the inevitable future of “invisible infrastructure”.

Get started with Reown to build smarter and faster, without friction.