Why is Europe falling so far behind in the unicorn race? The gap is getting harder to ignore.

The numbers paint a stark picture: the U.S. leads by a massive margin with 690 private unicorns valued at $2.53 trillion combined. That's not just dominance—it's total control of the wealth creation game in tech startups.

China sits in second with 162 unicorns valued at $702 billion, still commanding serious capital. But Europe? With just 107 companies totaling $333 billion, it's struggling to keep pace.

The disparity reveals something deeper than just funding cycles. It's about where venture capital flows, where talent clusters, and which regions attract the boldest entrepreneurs. For anyone tracking the global fintech and Web3 landscape, this regional wealth concentration matters. The U.S. and China aren't just ahead—they're building entire ecosystems that pull innovation and investment away from other markets.