According to the CV VC annual report, Switzerland's Crypto Valley raised $728 million through 31 deals in 2025, representing a 37% year-on-year increase and accounting for 47% of Europe's total blockchain venture capital. The report states that global blockchain venture capital grew by 30% to $15.5 billion across 986 deals. One transaction played a key role, with The Open Network leading with a $400 million funding round, followed by Sygnum Bank ($58 million), M0 ($40 million), Impossible Cloud Network ($34 million), and CratD2C ($30 million). Blockchain networks attracted 62% of the total funding, infrastructure accounted for 14%, while centralized financial services and DeFi applications each captured 10%.
The Crypto Valley is currently home to 1,766 active blockchain companies, a 134% increase since 2020. Despite the growth in funding, the valuation of the top 50 companies in Crypto Valley dropped to $467 billion, and the number of unicorns decreased from 17 to 10. This was mainly due to the weak market at year-end causing six token projects to fall below the $1 billion valuation threshold, along with 21Shares exiting the ecosystem following its acquisition by FalconX.