This is the year the world came onchain.
When we launched our first State of Crypto report, the industry was still in its adolescence. The total crypto market was worth about half what it is today. Blockchains were much slower, more expensive, and le
Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.
Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone ma
What happened in crypto in 2024? Here’s your guide to this year’s State of Crypto report — from all-time highs in crypto activity to key applications in AI, stablecoins, and more.
This year, crypto made new headlines with major bipartisan legislation, approval of Bitcoin and Ethereum index funds, and key technological advances. Understand the forces driving industry forward, with a tour of the data from from a16z crypto Data Partner, Daren Matsuoka.
As a reminder, none of the following is investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information including a link to a list of our investments.