A new study by a16z crypto, the venture capital division of Andreessen Horowitz’s web3, shows that cryptocurrency activity and usage is set to reach an all-time high in 2024.
The report released today shows significant growth in global crypto ownership and active participation.
According to the report, there are currently around 617 million cryptocurrency holders worldwide, with up to 60 million monthly active users as of September. The number of active cryptocurrency addresses has surpassed 220 million this year. Among Ethereum Virtual Machine (EVM) chains, Base leads with 22 million addresses, while Solana dominates the non-EVM space with over 100 million addresses. Mobile wallet usage has also reached new heights this year, with the United States accounting for 12% of global users.
The report also notes that Ethereum’s Dencun upgrade, which includes the implementation of EIP-4844 in March 2024, played a crucial role in driving growth. The upgrade led to a 36% increase in the value of ETH in Layer 2s and a 94% decrease in Layer 2 payments as a percentage of Layer 1 fees.
“We appear to be at an inflection point for crypto infrastructure, where blockchains are rapidly improving their scalability and will unlock new possibilities for applications and user activity,” Daren Matsuoka, Data Scientist at a16z crypto, said in an email.
“We appear to be at an inflection point for crypto infrastructure, where blockchains are rapidly improving their scalability and will unlock new possibilities for applications and user activity,” Daren Matsuoka, Data Scientist at a16z crypto, said in an email. Matsuoka sözlerine şunları da ekledi: “Kullanıcı işlem ücretlerindeki keskin düşüş, stablecoin’lerin ürün-pazar uyumunu bulmasına yardımcı oldu. Ayrıca, NFT’ler etrafındaki davranışlarda, daha düşük maliyetli, sosyal toplama ve yüksek fiyatlı, spekülatif ikincil piyasalarda daha az faaliyet ile çok ilginç bir değişim gördük.”
*This is not investment advice.