Europe Decentralized Finance Market Size & Forecast, 2028

Europe Decentralized Finance Market Size, Share & Industry Trends Analysis Report By Component (Blockchain Technology, Decentralized Applications (dApps), and Smart Contracts), By Application, By Country and Growth Forecast, 2022 - 2028

Published Date: October-2022 | Number of Pages: 65 | Format: PDF | Report ID: KBV-20272

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Market Report Description

The Europe Decentralized Finance Market would witness market growth of 42.2% CAGR during the forecast period (2022-2028).

Users only require a smartphone, thus there is a huge room for revenue development in this industry. DeFi platforms are associated with significant hazards in addition to their numerous cutting-edge advantages, which is likely to fuel business expansion. Such platforms have recently garnered appeal among crypto fans. Infrastructure and rules for DeFi are still being created. Therefore, unlike conventional banking, investments conducted on DeFi are neither governed by or covered by insurance. DeFi loans are backed by extra crypto assets, however in a downturn, the value of these assets may drastically decline or they may even be liquidated.

But, as more users enter the digital asset business, DeFi systems are expanding their capability and bolstering their security & scalability. With the switch to the Ethereum 2.0 network, this procedure has already begun. In the near future, DeFi platforms and exchanges are anticipated to enhance the secrecy and independence of cryptocurrency trading, spurring the growth of decentralized finance and the systems that make it possible.

A consumer creates a savings account and receives interest on the deposit in the present centralized system. The bank makes a profit on the difference by lending the money customers have placed to another consumer or organization at a higher interest rate. A borrower can obtain a loan through DeFi completely on the basis of an algorithm that connects peer-to-peer lenders and borrowers. Since they anticipate receiving the entire rate of interest paid by the borrower rather than a lower amount determined by the bank, lenders may find this attractive. Nowadays, loans are overcollateralized in a bid to reduce this credit risk.

The requirement to lower the cost of financial services is the primary driver of the current attention in decentralized finance in Europe. European firms are looking for decentralized finance peer-to-peer products which eliminate middlemen and the related fees in order to lower transaction costs. The European banking sector is particularly under pressure from regulatory changes, cheap interest rates, and Fintech competition, which is forcing banks to look for decentralized finance solutions to reduce costs in various banking processes.

The Germany market dominated the Europe Decentralized Finance Market by Country in 2021; thereby, achieving a market value of $8,329.8 million by 2028. The UK market would witness a CAGR of 41% during (2022 - 2028). Additionally, The France market is exhibiting a CAGR of 43.3% during (2022 - 2028).

Based on Component, the market is segmented into Blockchain Technology, Decentralized Applications (dApps), and Smart Contracts. Based on Application, the market is segmented into Data & Analytics, Decentralized Exchanges, Payments, Stablecoins, Marketplaces & Liquidity, Compliance & Identity, Prediction Industry, Assets Tokenization, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Decentralized Finance Market will Hit $125.1 Billion by 2028, at a CAGR of 42.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aave, Balancer Labs, Compound Labs, Inc., Badger DAO, Bancor, SushiSwap (Yearn Finance), MakerDao, Synthetix and Curve Finance

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Blockchain Technology
  • Decentralized Applications (dApps)
  • Smart Contracts

By Application

  • Data & Analytics
  • Decentralized Exchanges
  • Payments
  • Stablecoins
  • Marketplaces & Liquidity
  • Compliance & Identity
  • Prediction Industry
  • Assets Tokenization
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Aave
  • Balancer Labs
  • Compound Labs, Inc.
  • Badger DAO
  • Bancor
  • SushiSwap (Yearn Finance)
  • MakerDao
  • Synthetix
  • Curve Finance

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Global Decentralized Finance Market Report 2022-2028

North America Decentralized Finance Market Report 2022-2028

Asia Pacific Decentralized Finance Market Report 2022-2028

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