Crypto Valley, the global powerhouse of crypto technology and services, is brimming with energy and confidence – how does that happen?
In the early days, claims in Crypto Valley were tighter — hot startups and FinTech companies were at home in and around Zug. They still are today. However, at some point, the blockchain and crypto companies expanded their radius, and today those shops and organizations in Switzerland and Liechtenstein that offer the shared vision also belong to Crypto Valley. The valley has grown, as has the entire industry.
Today one might define Crypto Valley as follows: first one thinks of Zug, then Switzerland and Liechtenstein, and then opens the view to the rest of the world, which operates in interaction with Crypto Valley.
The short road from the Valley of Tears to the Valley of Blossoming Krypto
A year ago, weeping and gnashing of teeth were not the usual order today in Krypto Valley, but the optimism was greatly depressed by Corona, the lockdown and the effects. The prospects for the developing startup ecosystem were rather bleak. In April 2020, we also reported on the picture of a potential “Death Valley” drawn by the Swiss Blockchain Federation and other industry associations in connection with surveys of startups in Crypto Valley.
Present CV VC Top 50 Report Shows that the clouds have cleared – and over. The spirit of optimism has returned, or better: it has given way to a firm belief in continuity and long-term success.
The report provides exclusive growth reports and records. Some good news includes the following facts (comparative figures refer to the latest report from July 2020):
- The total number of companies in Crypto Valley today is 960 (+4.4 percent).
- These companies employ a total of 5,184 people (+8.5 percent)
- The valuation of the top 50 companies increased by 680% from $37.5 billion to $254.9 billion.
- 11 unicorn companies or projects are currently operating in Crypto Valley (worth $1 billion and over): Ethereum ($157.2 billion), Cardano ($40.6 billion), Polkadot ($29.3 billion), Aave ($3.9 billion), Cosmos ($3.8 billion), Solana ($3.3 billion), Tezos ($2.6 billion), Dfinity ($2 billion), Close ($1.1 billion), Nexo ($1.1 billion), Diem ($1 billion) ).
Companies in Crypto Valley don’t just pat themselves on the back because of the amazing and interesting numbers. The Swiss financial center’s shoulders in its role as a driver of blockchain innovation and regulators (progressive legislation) are unrivaled. You can read about connections in the detailed report.
The giant jump in the rankings is mainly related to the huge development in the prices of the respective cryptocurrencies. However, beyond just valuations, companies in Crypto Valley are in the best shape, growing and see themselves well positioned for the future.
The changes in the inner position of the top 50 Crypto Valley companies are also interesting. In the current report, the following companies are now in the top 50: Solana, 21Shares, SwissBorg, Curve.fi, Oxygen, Enzyme (formerly Melonport), and Maps.me.
The following companies moved out of the top 50 to the “Swiss Plus Players List”: CustoDigit, Shift Cryptosecurity, Algotrader, Modum, Lykke and Smart Valor. Smart Container is no longer active in the room.
The report goes on and delves into about 50 pages. Who, what and in what way contributes to the promotion of Crypto Valley is detailed, detailed by company. Along with other information worth reading about the blockchain industry in Switzerland and Liechtenstein, which spreads far beyond the Crypto Valley of the world.