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US Web 3.0 Blockchain Market Research Report: By Blockchain Type (Public, Private, Consortium, Hybrid), By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contracts) and By Vertical (BFSI, E-commerce & Retail, Media & Entertainment, Healthcare & Pharmaceuticals, IT & Telecom) - Forecast to 2035.


ID: MRFR/ICT/12321-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Web 3.0 Blockchain Market Overview


As per MRFR analysis, the US Web 3.0 Blockchain Market Size was estimated at 1.1 (USD Billion) in 2023. The US Web 3.0 Blockchain Market Industry is expected to grow from 1.62(USD Billion) in 2024 to 10.04 (USD Billion) by 2035. The US Web 3.0 Blockchain Market CAGR (growth rate) is expected to be around 18.037% during the forecast period (2025 - 2035).


Key US Web 3.0 Blockchain Market Trends Highlighted


The US Web 3.0 Blockchain market is witnessing significant growth driven by various key market drivers. One of the primary drivers is the increasing demand for decentralized applications (dApps) that enhance user privacy and data security. The growing concerns regarding data ownership and privacy have prompted businesses and consumers to look for blockchain solutions that offer greater control over personal information. Additionally, regulatory initiatives, such as those aimed at establishing a clear framework for blockchain technology, are enhancing investor confidence and fostering innovation in the sector within the United States. Opportunities in the US market are expanding, as numerous industries explore integrations of Web 3.0 solutions.Sectors such as finance, supply chain management, and entertainment are prioritizing blockchain for its efficiency and transparency. For instance, in the finance sector, decentralized finance (DeFi) applications are capturing attention for their ability to provide accessible financial services to a broader audience. Moreover, the rise of non-fungible tokens (NFTs) in the entertainment and art industries reflects a growing inclination towards digital ownership and asset creation. Trends in recent times indicate a shift towards interoperability between different blockchain networks, allowing smoother interactions and transactions across platforms.Additionally, the growth of educational initiatives in the US is helping to demystify blockchain technology, enabling businesses and consumers to understand its applications and potentials better. Overall, the synergy of innovation, regulatory support, and an increasing appetite for decentralized solutions highlights a dynamic and evolving landscape in the US Web 3.0 Blockchain market.


US Web 3.0 Blockchain Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Web 3.0 Blockchain Market Drivers


Increasing Adoption of Decentralized Applications (DApps)


The rise in decentralized applications (DApps) is a major driver of the US Web 3.0 Blockchain Market Industry. According to the US Census Bureau, the number of blockchain startups has increased significantly, with over 1,450 active blockchain companies reported in recent years. This demonstrates a growing interest in DApps that leverage blockchain technology to provide transparency, security, and efficiency. Furthermore, major tech players such as Microsoft and Amazon are investing in blockchain-based platforms, optimizing their services through partnerships and innovations in decentralized solutions.These investments not only enhance DApp development but also promote public awareness and acceptance of Web 3.0 services, which is crucial for market growth. The synergistic expansion of DApps in sectors like finance, gaming, and supply chain management showcases the vast potential of the US Web 3.0 Blockchain Market, leading to an estimated compound annual growth rate of 18.037% from 2025 to 2035.


Support from Government Regulations


Supportive government regulations are essential for promoting the US Web 3.0 Blockchain Market Industry. The U.S. government has been progressively establishing regulations that favor blockchain technology and cryptocurrencies in recent years, such as the Executive Order from the White House on ensuring responsible innovation in digital assets. This regulatory clarity encourages more businesses and investors to adopt blockchain solutions while ensuring consumer protection.Furthermore, the Federal Reserve's exploration of Central Bank Digital Currency (CBDC) exemplifies the commitment of US financial authorities to incorporate blockchain capabilities in the national financial architecture. Such initiatives not only potentially increase the overall market valuation, but they also contribute to a stable environment conducive to blockchain advancements and its integration into mainstream industries.


Growing Demand for Enhanced Security Solutions


The increasing demand for robust security measures in digital transactions is significantly impacting the US Web 3.0 Blockchain Market Industry. Cybersecurity threats have surged in recent years, with the 2023 Internet Crime Complaint Center (IC3) report highlighting a 20% increase in reported cyber crimes compared to the previous year. As businesses and individual users become more aware of these threats, they are actively seeking secure and transparent alternatives such as blockchain technology.Major security firms, including Palo Alto Networks, are developing blockchain solutions that protect sensitive data and provide security through decentralization, aligning with the evolving security needs of consumers. This heightened awareness and the corresponding need for enhanced security solutions serve as a strong driver for the growth of the US Web 3.0 Blockchain Market.


US Web 3.0 Blockchain Market Segment Insights


Web 3.0 Blockchain Market Blockchain Type Insights


The US Web 3.0 Blockchain Market, as part of the broader drive towards decentralized technology, is seeing significant growth across various Blockchain Type categories including Public, Private, Consortium, and Hybrid. Each of these categories serves distinct purposes and user needs, contributing to the overall diversity and functionality of the market. Public blockchains are fundamental as they operate on a decentralized network accessible to anyone, which fosters transparency and trust among users, thus supporting various applications, ranging from cryptocurrencies to decentralized applications.Private blockchains, on the other hand, are typically utilized by single organizations and are designed for greater control over data privacy, making them essential for sectors like finance and healthcare where sensitive information is involved. Consortium blockchains are shared by a group of organizations, allowing businesses to collaborate while maintaining a level of privacy and efficiency, thus addressing specific industry requirements, especially within supply chain management and trade finance. Hybrid blockchains combine features from both public and private models, offering flexibility and the nuanced control needed in today’s dynamic market scenarios, hence fostering innovation across multiple sectors.The evolving regulatory landscape in the US further emphasizes the importance of robust and compliant blockchain solutions, while technology advancements continue to drive efficiencies and scalability in the respective Blockchain Type categories. Market growth is also influenced by increasing consumer adoption and understanding of blockchain technology, coupled with the ongoing developments in areas such as decentralized finance, non-fungible tokens, and enterprise solutions. Overall, the segmentation of the US Web 3.0 Blockchain Market into these Blockchain Type categories presents unique opportunities and challenges, reflecting the diverse and increasingly complex nature of blockchain applications in real-world scenarios, while a strong focus on security, compliance, and interoperability remains critical for the success of these blockchain solutions.


US Web 3.0 Blockchain Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Web 3.0 Blockchain Market Application Insights


The Application segment of the US Web 3.0 Blockchain Market is a critical area that encompasses various functionalities essential for the growing digital economy. This market has evolved significantly due to the increasing adoption of Blockchain technology across different sectors. Cryptocurrency remains a dominant force, facilitating peer-to-peer transactions while enhancing financial inclusivity. Meanwhile, Conversational AI leverages Blockchain for improved security and transparency in user interactions, increasing trust among consumers. Data and Transaction Storage is increasingly recognized for its capacity to offer immutable records and higher security, making it vital for enterprises dealing with sensitive information.Payments are transforming through Blockchain, enabling faster, borderless transactions with reduced fees, appealing significantly to businesses and consumers alike. Additionally, Smart Contracts automate and enforce agreements, reducing the need for intermediaries and improving operational efficiency. As the US government promotes innovation in this space, the Application segment is poised for significant growth, driven by evolving consumer demands and technological advancements. The overall US Web 3.0 Blockchain Market is becoming a key player in global trends, defined by its various applications that enhance productivity and redefine business paradigms.


Web 3.0 Blockchain Market Vertical Insights


The US Web 3.0 Blockchain Market is experiencing significant growth across various verticals, reflecting the increasing adoption and versatility of blockchain technology in multiple industries. The Banking, Financial Services, and Insurance (BFSI) sector is pivotal, as it leverages blockchain for enhanced security and efficiency in transactions, thus enabling greater trust among users. E-commerce and Retail are also major players, utilizing blockchain to streamline supply chains and improve transparency in product authenticity, which enhances consumer confidence.The Media and Entertainment sector benefits from decentralized content distribution, empowering creators with better revenue models, while simultaneously protecting intellectual property rights. In Healthcare and Pharmaceuticals, blockchain is key for secure data sharing and tracking pharmaceuticals, ultimately improving patient outcomes and reducing fraud. The IT and Telecom sector employs blockchain technology to enhance cybersecurity and streamline operations, addressing prevalent challenges in data management. As these verticals continue to explore Web 3.0 capabilities, their innovative applications are expected to drive the evolution of the US Web 3.0 Blockchain Market, contributing to its robust growth trajectory.Overall, these industries are embracing blockchain not only to optimize processes but also to create new opportunities for business models and customer engagement.


US Web 3.0 Blockchain Market Key Players and Competitive Insights


The competitive insights of the US Web 3.0 Blockchain Market reveal a rapidly evolving landscape driven by innovation and strategic collaborations among various players. As businesses and developers explore decentralized applications, the market is characterized by a mix of established blockchain protocols and emerging technologies focused on enhancing user experience, security, and scalability. The interplay between competition and cooperation among firms creates a dynamic environment where companies are investing heavily in research and development to offer unique solutions that address the growing demands of Web 3.0. Additionally, regulatory considerations and market trends play a critical role in shaping the competitive strategies of the players in this sector, influencing their decisions to expand, innovate, and form potential partnerships.Solana has established a significant presence in the US Web 3.0 Blockchain Market, primarily recognized for its high throughput and low transaction costs, which have made it attractive for developers and users alike. The strength of Solana stems from its unique consensus mechanism, which allows for fast transaction processing without compromising security. Its ecosystem showcases a strong focus on decentralized finance applications, NFT platforms, and various Web 3.0 projects that benefit from its efficient network. Solana’s ability to provide scalability without sacrificing decentralization has garnered attention from a growing community of developers and investors, positioning the platform as a leading choice within the competitive US landscape. The active Solana community and robust developer tools further contribute to its strengths, allowing for continuous innovation and expansion in decentralized applications tailored for businesses and users.On the other hand, Ethereum remains a cornerstone of the US Web 3.0 Blockchain Market, often regarded as the pioneering platform for smart contract technology. With a vast array of decentralized applications and a large developer community, Ethereum has maintained its market presence through continuous upgrades, including the transition to a proof-of-stake model. This shift enhances its sustainability and scalability, addressing long-standing concerns regarding energy consumption and network congestion. The key products and services built on Ethereum include decentralized finance (DeFi) solutions, non-fungible tokens (NFTs), and enterprise-level applications, making it a versatile option for various industries. Ethereum's established network boasts numerous mergers and acquisitions aimed at fostering strategic partnerships, further strengthening its ecosystem. The sustained investment in technological advancements and community engagement highlights Ethereum's strengths, ensuring its competitive position in the ever-evolving US Web 3.0 landscape.


Key Companies in the US Web 3.0 Blockchain Market Include



  • Solana

  • Ethereum

  • Kraken

  • Consensys

  • Chainalysis

  • Algorand

  • Polygon

  • Tezos

  • Block.one

  • Avalanche

  • Stacks

  • Coinbase

  • Cardano

  • Digital Currency Group

  • Ripple


US Web 3.0 Blockchain Market Industry Developments


The US Web 3.0 Blockchain Market has been witnessing significant developments, with Ethereum continuing to dominate the space through its transition to a proof-of-stake model that began in September 2022. Solana has also gained traction with its high throughput capabilities. Meanwhile, Kraken has engaged in discussions regarding regulatory compliance to bolster its operational framework within the US market. As for the current market movements, Chainalysis announced enhancements in its blockchain analysis tools aimed at supporting compliance and security protocols, aligning with regulatory shifts.In terms of mergers and acquisitions, in June 2023, ConsenSys acquired QuikNode to improve its Ethereum infrastructure capabilities. Additionally, Digital Currency Group’s strategic investment into Polygon in August 2023 reflects a growing interest in layer-two solutions for scalability. The market valuation for several key players like Cardano and Algorand is on the rise, positively influencing the overall landscape. This growth is also tied to the increased interest in decentralized finance and non-fungible tokens in the last three years, with notable activity recorded in 2021 and 2022 in the US market, which has intensified competitive dynamics and innovation across the sector.


US Web 3.0 Blockchain Market Segmentation Insights


Web 3.0 Blockchain Market Blockchain Type Outlook



  • Public

  • Private

  • Consortium

  • Hybrid


Web 3.0 Blockchain Market Application Outlook



  • Cryptocurrency

  • Conversational AI

  • Data & Transaction Storage

  • Payments

  • Smart Contracts


Web 3.0 Blockchain Market Vertical Outlook



  • BFSI

  • E-commerce & Retail

  • Media & Entertainment

  • Healthcare & Pharmaceuticals

  • IT & Telecom

Report Attribute/Metric Source: Details
MARKET SIZE 2018 1.1(USD Billion)
MARKET SIZE 2024 1.62(USD Billion)
MARKET SIZE 2035 10.04(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 18.037% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Solana, Ethereum, Kraken, Consensys, Chainalysis, Algorand, Polygon, Tezos, Block.one, Avalanche, Stacks, Coinbase, Cardano, Digital Currency Group, Ripple
SEGMENTS COVERED Blockchain Type, Application, Vertical
KEY MARKET OPPORTUNITIES Decentralized finance platforms growth, Non-fungible tokens (NFTs) expansion, Supply chain transparency solutions, Identity verification enhancements, Cross-border payment innovations
KEY MARKET DYNAMICS Decentralization of data control, Increased demand for transparency, Growth of cryptocurrency adoption, Regulatory challenges and compliance, Rise of decentralized finance solutions
COUNTRIES COVERED US


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