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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Decentralized Finance Market, by Component
1.4.2 Europe Decentralized Finance Market, by Application
1.4.3 Europe Decentralized Finance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Decentralized Finance Market by Component
3.1 Europe Blockchain Technology Market by Country
3.2 Europe Decentralized Applications (dApps) Market by Country
3.3 Europe Smart Contracts Market by Country
Chapter 4. Europe Decentralized Finance Market by Application
4.1 Europe Data & Analytics Market by Country
4.2 Europe Decentralized Exchanges Market by Country
4.3 Europe Payments Market by Country
4.4 Europe Stablecoins Market by Country
4.5 Europe Marketplaces & Liquidity Market by Country
4.6 Europe Compliance & Identity Market by Country
4.7 Europe Prediction Industry Market by Country
4.8 Europe Assets Tokenization Market by Country
4.9 Europe Others Market by Country
Chapter 5. Europe Decentralized Finance Market by Country
5.1 Germany Decentralized Finance Market
5.1.1 Germany Decentralized Finance Market by Component
5.1.2 Germany Decentralized Finance Market by Application
5.2 UK Decentralized Finance Market
5.2.1 UK Decentralized Finance Market by Component
5.2.2 UK Decentralized Finance Market by Application
5.3 France Decentralized Finance Market
5.3.1 France Decentralized Finance Market by Component
5.3.2 France Decentralized Finance Market by Application
5.4 Russia Decentralized Finance Market
5.4.1 Russia Decentralized Finance Market by Component
5.4.2 Russia Decentralized Finance Market by Application
5.5 Spain Decentralized Finance Market
5.5.1 Spain Decentralized Finance Market by Component
5.5.2 Spain Decentralized Finance Market by Application
5.6 Italy Decentralized Finance Market
5.6.1 Italy Decentralized Finance Market by Component
5.6.2 Italy Decentralized Finance Market by Application
5.7 Rest of Europe Decentralized Finance Market
5.7.1 Rest of Europe Decentralized Finance Market by Component
5.7.2 Rest of Europe Decentralized Finance Market by Application
Chapter 6. Company Profiles
6.1 Aave
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Product Launches and Product Expansions:
6.2 Balancer Labs
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Product Launches and Product Expansions:
6.3 Compound Labs, Inc.
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Product Launches and Product Expansions:
6.4 Badger DAO
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 Bancor
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches and Product Expansions:
6.6 SushiSwap(Yearn Finance)
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Partnerships, Collaborations, and Agreements:
6.7 MakerDAO
6.7.1 Company Overview
6.8 Synthetix
6.8.1 Company Overview
6.9 Curve Finance
6.9.1 Company Overview
TABLE 1 Europe Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 2 Europe Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 3 Europe Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 4 Europe Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 5 Europe Blockchain Technology Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Blockchain Technology Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Decentralized Applications (dApps) Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Decentralized Applications (dApps) Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Smart Contracts Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Smart Contracts Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 12 Europe Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 13 Europe Data & Analytics Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Data & Analytics Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Decentralized Exchanges Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Decentralized Exchanges Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Payments Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Payments Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Stablecoins Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Stablecoins Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Marketplaces & Liquidity Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Marketplaces & Liquidity Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Compliance & Identity Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Compliance & Identity Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Prediction Industry Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Prediction Industry Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Assets Tokenization Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Assets Tokenization Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Decentralized Finance Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Decentralized Finance Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 34 Germany Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 35 Germany Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 36 Germany Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 37 Germany Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 38 Germany Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 39 UK Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 40 UK Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 41 UK Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 42 UK Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 43 UK Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 44 UK Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 45 France Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 46 France Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 47 France Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 48 France Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 49 France Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 50 France Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 51 Russia Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 52 Russia Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 53 Russia Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 54 Russia Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 55 Russia Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 56 Russia Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 57 Spain Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 58 Spain Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 59 Spain Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 60 Spain Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 61 Spain Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 62 Spain Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 63 Italy Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 64 Italy Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 65 Italy Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 66 Italy Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 67 Italy Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 68 Italy Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of Europe Decentralized Finance Market, 2018 - 2021, USD Million
TABLE 70 Rest of Europe Decentralized Finance Market, 2022 - 2028, USD Million
TABLE 71 Rest of Europe Decentralized Finance Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of Europe Decentralized Finance Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of Europe Decentralized Finance Market by Application, 2018 - 2021, USD Million
TABLE 74 Rest of Europe Decentralized Finance Market by Application, 2022 - 2028, USD Million
TABLE 75 Key Information – Aave
TABLE 76 Key Information – Balancer Labs
TABLE 77 Key Information – Compound Labs, Inc.
TABLE 78 Key Information – Badger DAO
TABLE 79 Key Information – Bancor
TABLE 80 Key Information – Sushiswap
TABLE 81 Key Information – MakerDAO
TABLE 82 Key Information – Synthetix
TABLE 83 Key Information – curve finance
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: AAVE