VanEck predicts DeFi DEX volumes to exceed $4 trillion by 2025

VanEck, a global asset management firm, forecasts a significant increase in decentralised finance (DeFi) trading volumes by 2025.

According to VanEck’s analysts, decentralised exchange (DEX) volumes are projected to represent 20% of the spot trading volumes seen on centralised exchanges (CEX) by 2025.

Despite the record-breaking volumes for DEX trading, they are still 24% below the all-time high total value locked (TVL) in DeFi.

VanEck predicts that DEX trading volumes will surpass $4 trillion by 2025, driven by the growing interest in AI-related tokens and the development of new consumer-focused decentralised applications (DApps).

The firm’s analysts also expect that tokenised securities and high-value assets will help propel DeFi’s growth, provide increased liquidity, and expand the ecosystem’s use cases.

With these advancements, VanEck anticipates that the total value locked in DeFi will exceed $200 billion by the end of 2025.

“We believe the cryptocurrency bull market will continue throughout 2025, with a correction beginning in the first quarter. At the peak of this period, we expect Bitcoin (CRYPTO:BTC) $105,031 to trade around $180,000 and Ethereum (CRYPTO:ETH) $3,969 to exceed $6,000,” noted VanEck analyst Matthew Sigel.

Sigel also predicted that Solana (CRYPTO:SOL) could reach over $500 and Sui (CRYPTO:SUI) might surpass $10 during this period.

However, VanEck's predictions also suggest a market pullback in the summer of 2025, with Bitcoin potentially dropping by 30% and altcoins possibly falling by as much as 60%.

Despite this, the firm expects a recovery by the fall, with major tokens potentially returning to previous all-time highs by the end of the year.