The latest VC Top 50 Report 2021 CV takes a look at the Crypto Valley, which seems to be overflowing in several respects.
Zug-based venture capitalist Crypto Valley Venture Capital (CV VC) has been publishing the Top 50 Report since 2018. This report is an inventory and snapshot and takes the increasingly rapid pulse of the blockchain and crypto industry all the six months.
What’s going on in Crypto Valley?
While Crypto Valley was once limited to the Zug region, the term has long described Switzerland’s national ecosystem of blockchain and crypto companies. The “Crypto Valley Top 50 Report” includes all of Switzerland and Liechtenstein, but focuses on the 50 most important companies, which essentially provide the fuel for the industry.
The current report also shines with important figures, which can however be put into perspective. However, this does not change the growth and success of an industry that finds good conditions in Switzerland to be able to continue to grow in the future.
Ranking of the top 50 companies
The valuation of the top 50 companies is estimated at US$611.8 billion. An aggregate rating, as of December 31, 2021, based on the market capitalization of the cryptocurrencies underlying the respective projects for most companies.
This simplified valuation formula can be used as a basis, but inevitably remains extremely volatile as a basis. Ethereum alone, by far the largest player, contributes $438.1 billion to the total reported valuation of $611.8 billion.
Between the end of 2021 and today, there is now a collapse in payouts and a sustained descent. Ethereum’s market cap has now melted to 288 billion. Other crypto companies are also registering a decline of similar dimensions. For this reason, the rating shown should be considered a snapshot and not a permanent value.
Despite the current correction, the overall development remains dynamic and noticeable – a look at the graph shows what happened in just 12 months between 2020 and 2021.
The numbers show that while the 464% growth shown in the report is even weaker today due to the crash, it is anything but slim. The overall development is and remains exceptional.
company and employees
The top 50 companies, including 14 unicorns, broke the 1,000 employee mark for the first time with 1,010. Across Crypto Valley, 6,002 crew members are now engaged in the success of a total of 1,128 blockchain and crypto companies.
The CV VC Top 50 Report 2021 to download
The report provides more stories, figures and insights into business development in Crypto Valley. Especially with details and brief portraits of the top 50 companies.
The current report can be downloaded free of charge by providing your own details here.