đ A16z Cryptocurrency Report 2024!
- 220 million active addresses and 27 million monthly mobile crypto wallet users:
Solana â about 100 million active addresses. Next are NEAR (with 31 million active addresses), Coinbase Base (22 million), Tron (14 million), Bitcoin (11 million), BNB Chain (10 million) and Ethereum (6 million).
- Stablecoins lead the crypto market:
With $8.5 trillion in transaction volume, stablecoins are significantly ahead of Visa with $4 trillion in turnover. They also entered the top 20 holders of US government debt.
- On-chain transaction fees have dropped sharply:
Fees have decreased by 99%. The cost of a transaction on the Base network is now about $0.01, on the Ethereum network ~ $1. For comparison, an international bank transfer costs an average of $44.
â DeFi booms amid a shrinking banking sector:
DeFi is becoming a real alternative to traditional banks, accounting for 34% of daily crypto address activity.
