a16z Podcast State of Crypto 2024: Builder Energy, U.S. Election, Stablecoins, AI, More
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Oct 29, 2024 
Daren Matsuoka, lead data scientist at a16z crypto and author of the State of Crypto report, and Eddy Lazzarin, CTO at a16z crypto, dive into the latest trends shaping cryptocurrency in 2024. They discuss the growth of active crypto users while tackling the challenges of data integrity. With insights on stablecoins, the evolving blockchain infrastructure, and the growing impact of cryptocurrency in U.S. elections, they illustrate a thriving ecosystem. The conversation highlights innovations driven by emerging technologies like AI and the enthusiasm among builders in the crypto space.
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Crypto Market Size
- Crypto market size is a key question, shifting from infrastructure to applications.
- Active addresses, a controversial metric, hit an all-time high, indicating growth.
Active Addresses Controversy
- Active addresses are easy to measure but can be misleading due to Sybil accounts.
- Low transaction costs incentivize creating multiple addresses for airdrop farming.
Estimating Real Crypto Users
- Filter active addresses by on-chain behavior to estimate real users, not bots.
- Consider factors like transaction frequency, zero balances, and identity protocols.