a16z Report: Crypto Adoption Surges, Blockchain Interactions Hit File Excessive

• Andreessen Horowitz’s (a16z) report reveals a big surge in crypto adoption.
• The blockchain exercise has surged to an all-time excessive with Solana exhibiting a dramatic evolution.
• The variety of addresses participating with blockchain surged to 220 million in September.

Enterprise capital agency Andreessen Horowitz (a16z) launched its newest State of Crypto report, which reveals a big improve in cryptocurrency adoption and utilization. The report additionally highlighted a report excessive in blockchain interactions, with the variety of addresses participating with blockchains reaching 220 million in September—a threefold improve since late 2023.

Notably, the crypto panorama exhibited a fast development during the last two years. There are actually 617 million world crypto homeowners and almost 60 million month-to-month customers. The Base community leads the Ethereum Digital Machine (EVM) chains with 22 million month-to-month energetic addresses, whereas Solana is the highest non-EVM chain with over 100 million energetic addresses. Cellular pockets customers have additionally reached report numbers in 2024, with the U.S. accounting for 12% of worldwide customers.

Progress Throughout the Ecosystem

Newer blockchains like NEAR and older layer 1 networks like Tron and Bitcoin have seen elevated reputation. NEAR has 31 million month-to-month energetic addresses, whereas Tron and Bitcoin have 14 million and 11 million energetic customers, respectively. Ethereum had 6 million energetic customers in September. Nevertheless, a16z highlighted Solana because the blockchain with essentially the most dramatic evolution, stating:

“The blockchain that noticed the largest change in whole share of builder curiosity is Solana. Particularly, the overall share of founders who advised us they both are, or are taken with, constructing on Solana grew to 11.2% this yr from 5.1% final yr.”

In line with a16z, the rising adoption of stablecoins is a significant component within the crypto market’s development. Eddy Lazzarin, Chief Know-how Officer at a16z, stated, “Stablecoin issuance, stablecoin transfers and use are off the charts on all ranges.”

The report additionally famous elevated crypto curiosity in swing states like Pennsylvania and Wisconsin. a16z asserts that crypto has develop into a key political concern forward of the November election, including that crypto search curiosity in these states has risen considerably because the final election.