The State of Decentralised Finance in Southeast Asia 2021

24 December, 2021

Southeast Asia’s Decentralised Finance (DeFi) startups raised close to $1 billion in funding in 2021, up more than six times year-on-year.

Cryptocurrency exchanges accounted for the lion’s share of deal volume and value relative to other DeFi categories, but it was the rise of Axie Infinity, the play-to-earn monster pets game from Vietnam-based Sky Mavis, that made waves globally.

Our latest report dives into the DeFi categories garnering the most interest, the markets in SE Asia driving the growth and the most active investors in the region.

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