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
A survey of SNARKs (Succinct Non-interactive Argument of Knowledge) with Justin Thaler (Georgetown University). SNARKs are an important cryptographic primitive that has many applications in web3 — from scaling blockchains to ensuring privacy. SNARKs — theorized in the 1980s and ’90s — have jumped from theory to practice. Here, Justin offers an introduction, including their use in various rollup projects.