Research by Dove Metrics has delved into the European DeFi scene revealing that things are still looking healthy despite the market pullback and increased regulatory pressure.
A July 27 report noted that 56 European DeFi teams have raised $282 million in funds, representing around 20% of the global total in DeFi fundraising. It added that the Stasis Euro-backed stablecoin, EURS, has also gained momentum this year with a doubling of supply over the past two months to 88.6 million today (worth approximately $105 million).
“Now, Europe is attempting to position itself as a crypto hub, led by success stories like Argent, Aave, Centrifuge, and Nexus Mutual.”
