Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024
Switzerland’s Crypto Valley reached $593 billion in valuation with 17 unicorns in 2024, capturing 29% of European blockchain funding and showing significant growth.
Crypto Valley surpassed the $593 billion valuation mark, showcasing the significant growth trajectory of the European blockchain industry during 2024.
The Switzerland-based blockchain ecosystem, which includes 50 blockchain projects, recorded a more than 55% increase in cumulative valuation during 2024.
Among the 50 blockchain platforms, 17 have reached unicorn status, meaning they exceeded a valuation of $1 billion. Of these, 14 exceeded the $1 billion mark in token market capitalization, while the other three did so through private valuation, according to a report shared with Cointelegraph.
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Author: Zoltan Vardai
