The State of Crypto index, which measures innovation and adoption in the crypto industry based on 14 key non-financial metrics, hit another all time high last month.

Several of the underlying metrics also individually hit all time highs. Here are some highlights 👇

1. Active Addresses - In March there were 37M active addresses across all tracked blockchains, a 34% month-over-month growth. The top chain by monthly active addresses: Solana.
https://a16zcrypto.com/stateofcrypto/active-addresses

2. Mobile Wallet Users - After trending down for most of 2022 and 2023, mobile wallet users have now grown month-over-month for 5 consecutive months. March was a breakout month with 27M users - driven by significant growth in wallets like World App and Phantom. 
https://a16zcrypto.com/stateofcrypto/mobile-wallet-users

3. DEX Volume - Volume on decentralized exchanges hit an all time high in March; notably, low-transaction fee blockchains like Base and Solana captured a majority of this activity.
https://a16zcrypto.com/stateofcrypto/dex-volume

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