Crypto Valley: There are 1,290 Web3 companies headquartered in Switzerland and Liechtenstein, with a total market value of over US$380 billion

According to a report from Crypto Valley, a venture capital firm, cited by Cointelegraph, the market value of cryptocurrency projects based in Switzerland and Liechtenstein has grown by 107% year-on-year to reach $382.93 billion. The largest of these projects is the Ethereum Foundation, based in Zug, Switzerland, with a market value of $273 billion. This is followed by Solana ($43.3 billion) and Cardano ($20.8 billion).

Currently, around 5% of Web3 venture capital funds flow to Switzerland and Liechtenstein. Additionally, there are 1,290 Web3 companies based in the two countries, including Cosmos, Internet Computer, NEAR, Polkadot, and others.