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Web 3.0 Blockchain Market Size

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

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Web 3.0 Blockchain Market Size

The global web 3.0 blockchain market size was valued at USD 2.8 Billion in 2024 and is estimated to register a CAGR of 33.5% between 2025 and 2034. The growth of the market can be attributed to the rising demand for data privacy and security. The increasing demand for decentralized applications (dApps) is a key driver of the market. dApps offer various services, from financial tools to entertainment and social platforms, all without intermediaries. This decentralization gives users more control over their data, increasing transparency and security.

Web 3.0 Blockchain Market

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For instance, decentralized finance (DeFi) platforms let users trade, lend, and borrow without traditional banks, creating a strong alternative financial system. Similarly, NFT marketplaces such as OpenSea have changed digital ownership by enabling secure peer-to-peer transactions. As technologies including Polkadot and Cosmos improve interoperability, dApps are becoming more efficient and versatile, speeding up their adoption across industries.

Web 3.0 Blockchain Market Report Attributes
Report Attribute	Details
Base Year:	2024
Web 3.0 Blockchain Market Size in 2024:	USD 2.8 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	33.5%
2025 – 2034 Value Projection:	USD 48.8 Billion
Historical Data for:	2021-2024
No. of Pages:	175
Tables, Charts & Figures:	200
Segments covered:	Blockchain, Application, End Use, Industry vertical
Growth Drivers:	Increasing funding in Web 3.0 applications Rising demand for tamper-proof ledgers Growing demand for decentralized and trustless systems Rising decentralized finance applications
Pitfalls & Challenges:	Increasing popularity of Non-Fungible Tokens (NFTs) Extensive regulatory uncertainty

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Companies are launching decentralized app store to challenge mobile app market. For instance, in June 2024, APhone launched AppNest, a decentralized app store aimed at transforming the mobile app market. AppNest allows users to access both web3 and web2 applications. Its open, decentralized setup allows developers to host and manage their apps without the high fees and strict rules of major platforms including Google and Apple. This approach lowers costs for developers and avoids the restrictive policies of traditional app stores.

Furthermore, increased funding for Web 3.0 applications is driving significant progress in the Web 3.0 blockchain market. These investments allow developers to create innovative decentralized applications and platforms, building a stronger ecosystem. For instance, in October 2023, Upland, a leading Web3 metaverse app, raised an additional USD 7 million in a Series A funding extension. This funding will help Upland achieve its goal of creating the largest digital open economy and strengthen its position in the blockchain gaming sector, solidifying its status as a top platform in the Web3 metaverse.

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.