Andreessen Horowitz’s (a16z) report reveals a significant surge in crypto adoption.
The blockchain activity has surged to an all-time high with Solana showing a dramatic evolution.
The number of addresses engaging with blockchain surged to 220 million in September.
Venture capital firm Andreessen Horowitz (a16z) released its latest State of Crypto report, which shows a significant increase in cryptocurrency adoption and usage. The report also highlighted a record high in blockchain interactions, with the number of addresses engaging with blockchains reaching 220 million in September—a threefold increase since late 2023.
Notably, the crypto landscape exhibited a rapid growth over the last two years. There are now 617 million global crypto owners and nearly 60 million monthly users. The Base network leads the Ethereum Virtual Machine (EVM) chains with 22 million monthly active addresses, while Solana is the top non-EVM chain with over 100 million active addresses. Mobile wallet users have also reached record numbers in 2024, with the U.S. accounting for 12% of global users.
Growth Across the Ecosystem
Newer blockchains like NEAR and older layer 1 netw…
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