17 unicorns under one roof

The Crypto Valley has achieved an evaluation of over $ 593 billion. This illustrates the growth of the European blockchain industry in 2024.

The blockchain ecosystem based in Switzerland, which includes 50 projects, recorded an increase in the overall rating by more than 55 %in 2024.

Of the 50 blockchain platforms, 17 have achieved unicorn status, which means that they have exceeded an evaluation of $ 1 billion. Of these, 14 exceeded the $ 1 billion mark in the token market capitalization, while the other three achieved this through a private assessment, like it in a report.

The considerable growth of the crypto Valley shows that Switzerland is able to initiate the next phase of blockchain innovation, according to Mathias Ruch, founder and CEO from CV VC.

“A Swiss industry whose top 50 companies have an assessment of $ 593 billion and its financing median is above the global median, testifies to foresight and resistance. Switzerland has to keep its lead by promoting a collaborative environment that attracts talents, capital and transformative projects,” wrote Ruch.

Crypto Valley's most popular projects are Layer-1 (L1) Blockchain network Ethereum, die L1-Blockchain Cardano And the Casper Blockchain, all of which are based in the Swiss canton of Zug.

The concentration on blockchain technology will become even more important if you use other “catalytic technologies” such as artificial intelligence and that Internet there dinge (IoT) converged, added Ruch.

Crypto Valley: 29 % of European blockchain investments 2024

The Crypto Valley plays an increasingly important role in the European blockchain industry and attracts almost a third of the region's funds.

In 2024, investments of $ 586 million were made in 56 deals in the Crypto Valley, which corresponds to 29.1 % of the total European blockchain financing.

The investment increase in the Crypto Valley of 8 % exceeded the global growth rate of the blockchain financing of 3 %.

The average transaction size rose by 70 % to $ 5.6 million and thus exceeded the global median of $ 4 million. 42 % of the total financing accounted for in Zugers.

Centralized financial services dominate investment landscape

The centralized financial services received the lion's share or 34 % of the total funds.

Blockchain networks are in second place with 29 % of the funds, during Decentralized financial platforms (Defi) 15 % of the total investments make up and have grown significantly from only 7 % in 2023.

The fastest growing segment was the data management and check, the share of the investment market from 3.5 % to 11 % in 2024.

Gambling and Non-fungible Token This was the least attractive segment for investors, into which only 1 % of all investments flowed last year.