The global decentralized finance market size was valued at USD 11.78 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 42.5% from 2022 to 2030.
With such wide popularity and adoption of Decentralized Finance (DeFi), more and more individuals and market players are keen on diving deeper into and investing in the DeFi blockchain development space. DeFi is not a concept for confined industries or business sizes, rather it is ideal for all business sizes and industry verticals.
Things to Consider Before Looking for DeFi Blockchain Development Agency
Prior to getting started with DeFi development services, it is essential to invest time in researching the ideal company that complements your business needs perfectly. So, below are the things you need to consider before finalizing the DeFi development company.
- Understanding business needs: Sit with the development team, project managers, and other decision-makers in the firm to get a thorough idea of what the business needs, expectations, and pain points are.
- Industrial Experience: Connect with the company to understand the number of years they have spent in the DeFi ecosystem. This will give you an assurity that you are handing over your project in the right hands or not.
- Portfolio: Have a look at the portfolio of the company which is usually available on the official website. If not, don’t hesitate to ask the vendor and get a thorough look at the kind of projects they have worked on.
- Technical exposure: Ask about the overall experience, qualifications, and skillset in the DeFi landscape. Make sure they have hands-on experience and exposure in all the leading blockchain technologies, trends, and platforms such as Ethereum, Hyperledger Fabric, Solana, Cardano, Polkadot, Binance, Polygon, Tron, and so on.
Explore wide options available in the market and invest a great deal of time before making the final decision.
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