Switzerland’s Crypto Valley reaches $593B valuation with 17 unicorns
Switzerland's Crypto Valley has achieved a remarkable valuation of $593 billion in 2024, reflecting significant growth in the blockchain sector.
This valuation marks a more than 55% increase compared to the previous year, showcasing the region's burgeoning influence in the European blockchain landscape.
Among the 50 entities within Crypto Valley, 17 have attained unicorn status, indicating valuations exceeding $1 billion.
Of these, 14 reached this milestone through token market capitalisation, while three did so via private valuations.
Mathias Ruch, founder and CEO of CV VC, emphasised the importance of this growth, stating that it demonstrates Switzerland's capacity to lead in blockchain innovation.
"ASwiss industry where the Top 50 entities share a valuation of $593 billion reflects vision and resilience," he noted.
The report highlights that Crypto Valley captured approximately 29% of all European blockchain funding in 2024, attracting $586 million across 56 investment deals.
This represents an 8% increase in funding, outpacing the global blockchain funding growth rate of just 3%.
Zug remains a central hub for blockchain innovation, with notable projects including Ethereum (CRYPTO:ETH), Cardano (CRYPTO:ADA), and Casper Network (CRYPTO:CSPR) contributing to the region's success.
The average deal size in Crypto Valley surged by 70% to $5.6 million, surpassing the global median of $4 million.
This increase indicates a growing confidence among investors in the region's blockchain capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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