Bankless A16z 2024 State of Crypto Report | Eddy Lazzarin & Daren Matsuoka
33 snips
Oct 16, 2024 
Eddy Lazzarin, Chief Technology Officer at a16z Crypto, and Daren Matsuoka, Data Scientist at a16z Crypto, dive into the 2024 State of Crypto Report. They discuss how the crypto landscape is shifting from a bear market to renewed optimism and innovation. Key topics include the rise of mobile crypto adoption, the significant role of stablecoins in the global economy, and the impact of ZK cryptography on transaction speed and efficiency. The conversation also highlights the importance of builders in shaping the future of crypto amid regulatory challenges.
AI Snips
Chapters
Transcript
Episode notes
Crypto Adoption vs. Internet Growth
- Crypto adoption resembles early internet growth, reaching an all-time high of 220 million active addresses.
- This metric, however, tracks addresses, not unique users, and requires careful interpretation.
Active vs. Passive Crypto Owners
- A majority of crypto owners (617M) are passive holders, not active users.
- Only 5-10% of crypto owners actively use blockchains, representing a significant growth opportunity.
Mobile Wallets in Emerging Markets
- Developing countries lead in mobile wallet adoption.
- This mobile-first approach contrasts with the desktop-heavy usage in developed countries.