European DeFi startups saw 120% increase in VC investment in 2022: Data

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European DeFi startups saw 120% increase in VC investment in 2022: Data
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The European Union is home to the largest number of headquarters of crypto startups with 3,977 active startups.

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and crash for LUNA to the downfall of FTX one of the industry’s most prominent players. Despite the setbacks, VC investors continued to show support for crypto startups.released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested

Viktor Fischer, the CEO of RockawayX, pointed out that the crypto market is cyclical and during the 2018 winter, “the total digital asset market cap fell by 80%, but startup funding activity held steady.” Europe is also home to the highest number of crypto startups , according to the headquarters location.

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Venture capital investments in European crypto startups hit an all-time high of $5.7 billion in 2022, despite the market's turbulence. Find out more in the latest study by RockawayX.

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