Switzerland's Crypto Valley reached a valuation of $593 billion, showcasing the impressive growth of the European blockchain industry in 2024.
Record Valuation and 17 Unicorns
The blockchain ecosystem in Switzerland, known as Crypto Valley, recorded more than a 55% increase in cumulative valuation in 2024. Among the 50 blockchain platforms, 17 have reached unicorn status, meaning they exceeded a $1 billion valuation. Of these, 14 surpassed this mark in token market capitalization, while three did so through private valuation.
Blockchain Investment in Europe
Crypto Valley continues to play a leading role in the European blockchain industry, attracting nearly a third of all regional funding. In 2024, Crypto Valley attracted $586 million across 56 deals, accounting for 29.1% of all European blockchain funding.
Investment Distribution and Trends
Centralized financial services received 34% of the total funding, while blockchain networks were second with 29% of the funding. DeFi platforms increased their share from 7% in 2023 to 15%. The fastest-growing segment was data management and verification, with its investment share surging from 3.5% to 11% in 2024.
Crypto Valley showcases its leadership in blockchain innovation, continuing to attract substantial investment and strengthen its presence in Europe.
