Record levels of crypto adoption in 2024: a16z report finds

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Record levels of crypto adoption in 2024: a16z report finds
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Crypto's evolution accelerates, with soaring user activity, stablecoin adoption, and rising political relevance shaping 2024’s landscape.

Political interest in crypto rises, with regulatory clarity gaining bipartisan momentum in the U.S.Today, the crypto landscape reflects remarkable progress, underscoring its evolution from niche to mainstream. This signals its growing influence on both financial markets and regulatory agendas.“There have never been more monthly active crypto addresses. In September, 220 million addresses interacted with a blockchain at least once, a figure that has more than tripled since the end of 2023.

Notably, crypto interest has been growing in politically influential swing states, such as Pennsylvania and Wisconsin, since the last election.In previous reports, a16z consistently emphasized U.S. regulatory uncertainty as a key obstacle. However, this year’s analysis brings crypto’s growing role in political discourse to the forefront.

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