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Andreessen Horowitz (a16z) released its "State of Crypto 2024" report today...yes, crypto is still alive and well! Key takeaways: 1. Dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least once in September, triple the number in late 2023; 2. Crypto has become a key political issue ahead of the U.S. election; 3. Stablecoins have found product-market fit - become crypto's "killer app"; 4. Infrastructure improvements have increased capacity and drastically reduced transactions costs; 5. DeFi remains popular — and it’s growing; 6. Crypto could solve some of AI’s most pressing challenges; and 7. More scalable infrastructure has unlocked new onchain applications. https://lnkd.in/gBnMgH7q  #crypto #blockchain #token #law #securities #cryptocurrency #tokenize #stablecoin #investment #DeFi #regulatory #AI

In its latest State of Crypto report, a16z Crypto covered crypto’s rise as a hot policy topic, recent tech improvements to blockchain networks, and trends across builders and users. Here are some highlights: 🔑 Crypto activity and usage are at all-time highs, with over 220 million monthly active addresses.  🔑 As one of crypto’s “killer apps”, stablecoins are the clearest example of product-market fit with $8.2 trillion in transaction volume in Q2, doubling Visa's volume.  🔑 Scaling costs have dropped by over 99%, and the crypto x AI narrative has legitimate use cases.  🔑 NFTs are less speculative and have become social experiences. #crypto #web3 https://lnkd.in/g6pWDibQ

7 key takeaways * Crypto activity and usage hit all-time highs * Crypto has become a key political issue ahead of the U.S. election * Stablecoins have found product-market fit * Infrastructure improvements have increased capacity and drastically reduced transaction costs * DeFi remains popular — and it’s growing * Crypto could solve some of AI’s most pressing challenges * More scalable infrastructure has unlocked new onchain applications https://lnkd.in/eqQrBYwQ #crypto #ai #defi

Just finished reading a16z’s State of Crypto 2024 report, and the insights are both eye-opening and energizing The report highlights record-breaking crypto adoption, the increasing political relevance of digital assets, and game-changing blockchain advancements. One standout for me is the focus on stablecoins as a ‘killer app’—a tool that’s truly bringing crypto into the hands of millions. As the financial services and tech landscape continues to evolve, it’s crucial for leaders in our space to stay ahead of these shifts. Exciting times ahead for #Crypto and #Blockchain as these technologies drive both innovation and impact. Let’s keep pushing the boundaries of what’s possible #StateofCrypto #FutureofFinance #DigitalTransformation #DigitalAssets Andreessen Horowitz https://lnkd.in/dhytQy84

Has the attention on AI impacted the progress of Blockchain and Crypto? This report from A16z indicates that far from AI investment slowing blockchain and crypto progress, rather they are reaching new levels of maturity. With key takeaways from the report: 1. Crypto activity and usage hit all-time highs 2. Crypto has become a key political issue ahead of the U.S. election 3. Stablecoins have found product-market fit 4. Infrastructure improvements have increased capacity and drastically reduced transaction costs 5. DeFi remains popular — and it’s growing 6. Crypto could solve some of AI’s most pressing challenges 7. More scalable infrastructure has unlocked new onchain applications #blockchain #crypto #ai #a16z https://lnkd.in/eGvQwi2a

Two years ago, cryptocurrency was far from mainstream political and economic discussions. But, as a16z notes, "Times have changed, as our newly released 2024 State of Crypto Report makes clear." Among the key findings: Crypto activity and usage hit all-time highs. Crypto has become a key political issue ahead of the U.S. election. Stablecoins have found product-market fit. Infrastructure improvements have increased capacity and drastically reduced transaction costs. Also, a16z introduced a new tool—the a16z crypto Builder Energy dashboard, which allows tracking developer activity in the crypto world. It incorporates thousands of data points and helps understand where the builders' energy is concentrated now. The report explores the interaction of cryptocurrencies with AI, social networks, and gaming, and analyzes how blockchain infrastructure has matured. If you want to stay abreast of the latest trends and prepare for future changes, this report is a must-read.

7 key takeaways Crypto activity and usage hit all-time highs Crypto has become a key political issue ahead of the U.S. election Stablecoins have found product-market fit Infrastructure improvements have increased capacity and drastically reduced transaction costs DeFi remains popular — and it’s growing Crypto could solve some of AI’s most pressing challenges More scalable infrastructure has unlocked new onchain applications https://lnkd.in/d8v3bwfX The explosion of activity is primarily due to Solana, which accounted for about 100 million active addresses. Following were NEAR (with 31 million active addresses), Coinbase’s popular L2 network Base (22 million), Tron (14 million), and Bitcoin (11 million). Of Ethereum Virtual Machine (EVM) chains, the second-most active after Base was Binance’s BNB Chain (10 million), followed by Ethereum (6 million). (Note: EVM chains were de-deduplicated by public key to calculate the 220 million total.)

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This is a staggering level of liquidity, demonstrating Stablecoins have found product-market fit in the latest a16z state of crypto report. They write: "Stablecoins make it easy to transfer value. They amounted to $8.5 trillion in transaction volume across 1.1 billion transactions in the second quarter of 2024 ended June 30. Stablecoin transaction volumes more than doubled Visa’s $3.9 trillion in transactions over the same period." https://lnkd.in/gNDX9D4Z Andreessen Horowitz#stablecoins #a16z#crypto#solana#ethereum

Big News in the Crypto World! 🚀💰 US President-elect Donald Trump has just appointed David Sacks, former COO of PayPal, as his top AI and crypto adviser! 🤖💻 As the new "AI and Crypto Czar," Sacks will work on creating a legal framework that will provide clarity and support for the crypto industry in the US! 📜🇺🇸 This move is seen as a significant step towards overhauling US policy on digital currency, and is expected to have a major impact on the crypto market! 🚀💸 What do you think about this appointment? Share your thoughts! 💬 #CryptoCzar #DavidSacks #DonaldTrump #PayPal #CryptoRegulation #DigitalCurrency #Blockchain #Fintech https://lnkd.in/gpXc6VKp