Nearly half of DeFi and Open Finance startups are headquartered in the United States

According to a recent survey released by The Block, nearly 50% of the DeFi or Open Finance (OFI) startups it tracks are located in the United States, followed by the United Kingdom and Germany. According to the legal registration locations of these companies, the market share in the United States has dropped from nearly 50% to 44%. Singapore, Switzerland, the Cayman Islands and the British Virgin Islands have a larger market share. It is worth noting that 2017 was the most popular year for OFI companies, and more than 57% of companies were established in that year.