Germany has the second highest concentration of ETH nodes in the world

Germany operates 1 of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain study published by CV VC Labs.

The study which offers a structural overview of the country’s blockchain ecosystem, besides indicated Germany accounts for astir 6% of Europe’s blockchain funding. 

The European state has a 22.8% stock of each Ethereum nodes, portion the United States leads with 45.3%. Both countries run much than fractional of the full Ethereum ecosystem, which is concerning fixed the request for optimal decentralization. 

According to the report, geographical decentralization means truthful overmuch for a network’s wide decentralization. Furthermore, the hazard of censoring oregon controlling transactions would beryllium excessively precocious wherever lone a fewer countries predominate validator nodes.

Ethereum’s ngo is to go the world’s starring machine of astute contracts, which cannot hap if validation is successful the hands of a fewer players. 

Better yet, the numbers person been increasing since past year. The percent stock of Ethereum validators successful the U.S. was 36.92% successful 2021, portion Germany’s stock stood astatine 21.16%.

Despite the network’s perpetual growth, the attraction of validators inactive appears to beryllium higher successful peculiar regions. 

Germany accounts for 6% of Europe’s blockchain funding

In 2022 alone, Germany’s blockchain projects raised astir $8 billion.  The full fig of projects receiving backing came to 220, portion the fig of unicorns successful the European federation totaled 34.

The study indicates the state received 2.4% of the world’s task backing and 6% of Europe’s blockchain funding. Interestingly, task backing worth connected a quarter-over-quarter ground fell by 50%, whereas woody number soared by 10%. 

Equally important, the biggest stock of backing went to early-stage blockchain enterprises, which made up 72% of each backing deals. 

Germany blockchain report: Germany’s percent blockchain backing comparative to the satellite and Europe

Most of 2022’s blockchain backing went to innovations successful Infrastructure and Development, to which VCs allocated implicit 55% of each funding. According to the pastry illustration below, DeFi came 2nd with a percent backing of 27%, followed by NFTs astatine 6%.

 

Germany blockchain backing by sector

The station Germany has the 2nd highest attraction of ETH nodes successful the world appeared archetypal connected CryptoSlate.