📈a16z crypto report finds cryptocurrency activity and usage at all-time high.

A study published Wednesday by a16z crypto, the web3 venture capital arm of the investment firm Andreessen Horowitz, found crypto activity and usage are at an all-time high this year. 

The report estimated around 617 million global cryptocurrency owners, with up to 60 million monthly active users, as of September. Monthly active crypto addresses climbed above 220 million in 2024, with Base at the top for Ethereum Virtual Machine (EVM) chains at 22 million addresses and Solana dominating non-EVM chains with over 100 million addresses. This year also saw the highest number of mobile wallet users, with the United States comprising 12% of global users. 

Additionally, Ethereum's Dencun upgrade and the inclusion of EIP-4844 in March of this year helped increase the ETH value on Layer 2s by 36%, with the percentage of Layer 2 payments of Layer 1 fees falling 94%, the report continues.