A Bibliometric Analysis of Decentralized Finance Research: Adoption, Digital Transformation and Sustainability in Urban Contexts

Abstract

This study conducts a comprehensive bibliometric analysis of Decentralized Finance (DeFi) research, focusing on adoption, digital transformation, and sustainability within urban contexts. Utilizing a dataset of 284 publications from 2016 to 2025 compiled from the Scopus database, the analysis employs advanced bibliometric techniques and network visualization tools to reveal collaborative patterns, thematic clusters, and research evolution. Results demonstrate significant scholarly emphasis on technological innovation and adoption factors shaping DeFi’s integration into urban financial ecosystems, alongside an increasing focus on sustainability. A regression-based Bibliometric Influence Score (BIS) adjusts for publication age and journal prestige, indicating that leading publications consistently exceed expected citation influence. Additionally, a conceptual framework is proposed linking digital financial literacy and sustainability outcomes, moderated by urban contextual factors. The findings underscore the importance of enhancing digital capabilities and mitigating systemic barriers to facilitate sustainable DeFi adoption in rapidly urbanizing regions, providing valuable insights for academia, policymakers, and practitioners engaged in fostering inclusive and resilient digital finance ecosystems.