European DeFi startups saw a 120% increase in VC funding in 2022. This is a significant milestone for the DeFi industry, and underscores the growing interest and demand for blockchain technology and other emerging technologies in Europe.

The potential benefits of DeFi for investors and users, including increased transparency, increased efficiency, and greater flexibility and control over financial assets. In addition, DeFi can provide users with access to a range of financial services and products that were previously unavailable or inaccessible, and can help to drive innovation and growth in a variety of sectors.

The increase in VC funding for European DeFi startups highlights the potential for blockchain technology and other emerging technologies to transform traditional industries and to provide new and innovative solutions to long-standing problems. As the market continues to evolve and mature, there is growing demand for reliable and secure platforms that can facilitate transactions and provide users with greater flexibility and control over their assets, while also ensuring that these technologies are used in a responsible and ethical manner.

(by Prashant Jha)