Decentralized Finance
DeFi applications generated $3.8 billion in revenue in 2025. Led by Hyperliquid, this DeFi platform gained $800 million in annual revenue with less than 15 employees.
Compared to traditional fintech platforms, the asset size in DeFi platforms is still smaller. However, the gap between the two is narrowing, proving that DeFi protocols such as liquid staking and lending platforms are attracting institutional attention and rapid growth.
Also Read: Decentralized Finance (DeFi): Definition & How It Works
Tokenized Assets
Real-world asset tokenization is an innovation that transfers trillions of dollars in physical assets to the blockchain ecosystem. The market value for real-world asset tokenization rose 208% in 2025, reaching $18.9 billion.
The largest RWA product currently is BlackRock's money market fund, valued at $1.7 billion. Tether's gold tokenization product (XAUT) reached a value of $1.8 billion, while public stock tokenization approached a value of $750 million.
Also Read: Real-World Asset Tokenization with Blockchain: A Complete Guide
The Role of Regulations
The ARK report shows that Bitcoin, DeFi, and real-world asset tokenization are increasingly treated as important components in global capital markets.
However, according to the founder of the blockchain education platform Digital South Trust, Sudhakar Lakshmanaraja, the future of crypto in 2026 will be shaped more by regulation than innovation.
“Bitcoin may dominate as an asset, but DeFi and tokenized markets cannot scale until governments settle custody, compliance, and investor protection rules,” he told Decrypt.
Currently, cryptocurrency regulations are still in a grey area in many countries. What about in Indonesia? Learn about crypto regulations in Indonesia in the article Crypto Tax Regulations in Indonesia 2026: Rates, Mechanisms, and Responsibilities for Investors.
