Daren Matsuoka

@darenmatsuoka

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This is an excerpt of a16z crypto’s State of Crypto. The full report should be read in its entirety for important disclosures and context. None of the above should be taken as investment advice or an advertisement for investment services; see a16z.com/disclosures for further information.

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The Decentralized Social experiment is underway, and vibrant developer ecosystems are emerging around open protocols like Farcaster. What are you building?

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This is an excerpt of a16z crypto’s State of Crypto. The full report should be read in its entirety for important disclosures and context. None of the above should be taken as investment advice or an advertisement for investment services; see a16z.com/disclosures for further information.

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It’s easy to forget about the impact that crypto is having outside the U.S. In countries with rampant inflation, people are using stablecoins to protect their assets. Argentina is a prime example.

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It’s for the month of August 2024 only. Of the people who visited X website during that month, Y% also visited chatgpt.com during that month.

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This is an excerpt of a16z crypto’s State of Crypto. The full report should be read in its entirety for important disclosures and context. None of the above should be taken as investment advice or an advertisement for investment services; see a16z.com/disclosures for further information.

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There appears to be a large overlap between crypto and AI users 🤔

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This is an excerpt of a16z crypto’s State of Crypto. The full report should be read in its entirety for important disclosures and context. None of the above should be taken as investment advice or an advertisement for investment services; see a16z.com/disclosures for further information.

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DAOs are an underappreciated source of funding for builders. DAO treasuries hold more in liquid tokens than the entire amount of VC investments into crypto companies last year.

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This is an excerpt of a16z crypto’s State of Crypto. The full report should be read in its entirety for important disclosures and context. None of the above should be taken as investment advice or an advertisement for investment services; see a16z.com/disclosures for further information.

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Check out our full State of Crypto 2024 report here: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

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Blockchains now process 50x as many transactions per second as they did just four years ago 🤫

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Mobile wallet users is one of my favorite metrics to track in the crypto space. Great to see recent all-time highs as the industry becomes more global.

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Today we released our latest State of Crypto report. It shares insights on key trends — like stablecoins, L2s, and AI — plus, crypto’s rise as a policy issue, new data on builders and users, and more. 7 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. Major scaling upgrades have drastically reduced onchain 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 Read the full report here: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

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This morning we released our 2024 State of Crypto report, which I’ve been working on for the past few months. It’s been refreshing to take a step back and look at crypto from a broad, but data-driven, perspective. Check out the full report at: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

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We’ve just released our latest State of Crypto report. It shares insights on key trends — like stablecoins, L2s, and AI — plus, crypto’s rise as a hot policy issue, new data on builders and users, and much more. Here are 7 top takeaways ⬇️ 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. Major scaling upgrades have drastically reduced onchain 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 Check out the full report: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

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Stablecoin payments could be the answer to how we bring billions of people onchain. Right now, merchants are faced with a tradeoff. Crypto rails can certainly make businesses more efficient (and thus more profitable), but those efficiency gains are offset by the limited number of onboarded crypto users they can reach (compared to, for instance, credit cards). We can approach this problem from both sides. (1) Continue to develop the infrastructure to bring costs down. And (2) continue to steadily onboard more people over time, by whatever means possible, with a crypto wallet. Eventually, I believe we will hit a tipping point where the efficiency vs. reach tradeoff becomes a no brainer. And that's when the really powerful network effects will kick in. Big ideas like decentralized social, a new consumer internet, and the metaverse will start to make sense. Bootstrapping a global payment network isn't easy. But the opportunity is right in front of us.

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(5) Prove your credit score to a DeFi lending application

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(4) Influencer marketing bounties arbitrated by “proof of post”

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