social

Founders

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/

Definitely one of the best crypto reports. Key takeaways about social:

less than 1% of daily active addresses are linked to social networking, yet 10.3% of crypto projects in 2024 are social-related, revealing a significant gap. and Farcaster stands out among the top 5 hottest builder subcategories.

still early!

crypto-anarchist · onchain social explorer, curator, advisor · spread the FC gospel to the /chinese community · host /luo · write 0xluo.xyz

I hope the linking of addresses to social networks will keep low (better privacy) but probably newer onchain users will use 1 main wallet & link it to their social.

Perhaps my wording was off, it’s actually “less than 1% of daily active addresses are engaged in social networking.” 😂

interest in football, ecosystem growth, econ, investing, chess