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Web 3.0 Blockchain Market Share

Report ID: GMI7359
Published Date: Dec 2024
Report Format: PDF

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Web 3.0 Blockchain Market Share

The Binance and Consensys hold a market share of over 5% in the web 3.0 blockchain industry. Binance promotes its Binance Smart Chain (BSC) as a major player in the Web 3.0 space. BSC is designed for developers to build decentralized applications with low fees and high speed. Binance supports NFTs, DeFi, and token issuance on BSC, positioning it as a competitor to Ethereum and other blockchains. To make Web 3.0 more accessible, Binance offers user-friendly products including Trust Wallet and Binance NFTs, targeting everyday users. This helps the company to hold a strong hold in the market.

ConsenSys promotes Ethereum blockchain adoption with tools including MetaMask, Infura, and Truffle. The company also creates blockchain solutions for financial institutions and large corporations. Its Quorum platform, a permissioned blockchain, provides businesses with the security and scalability they need for Web 3.0. Partnerships with companies including JP Morgan and Mastercard support its growth strategy in the enterprise market.

Web 3.0 Blockchain Market Companies

Major players operating in the web 3.0 blockchain industry include:

Alchemy Insights
Binance
Consensys
Helium Systems
Kadena
Livepeer
Ocean Protocol
OpenSea
Polkadot
Terra

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of web 3.0 blockchain reached USD 2.8 billion in 2024 and is set to grow at a 33.5% CAGR from 2025 to 2034, driven by the rising demand for data privacy and security.

The enterprises segment held a 63% market share in 2024, leveraging blockchain technology to enhance operational efficiency and transparency.

The North America market accounted for 35% of the revenue share in 2024, led by technological advancements and strong venture capital support.

The key players in the industry include Alchemy Insights, Binance, Consensys, Helium Systems, Kadena, Livepeer, Ocean Protocol, OpenSea, Polkadot, and Terra.