Leggi questo articolo in Italiano
Crypto adoption at historic highs: 617 mln holders
By Davide Grammatica
A new report from a16z crypto has revealed that cryptocurrency adoption has hit its all-time high for holders and active users
The numbers of crypto adoption
According to a recently published report by a16z crypto, cryptocurrency adoption has reportedly reached its all-time high with respect to several parameters.
It starts with the number of holders, which have now reached 617 million, of which 60 would be monthly active users, according to the company’s estimates. Addresses would grow to 220 million in 2024, and participating in this increase would be mainly layer-2 and new layer-1 networks.
Among the EVM chains, Base would be the L2 that would gather the most new addresses (22 million), while Solana leads the L1 category with 100 million addresses. Also growing dramatically are mobile wallets, which would cover 12 percent of total digital wallets in the U.S.
Crypto breakthroughs for adoption in 2024
A decisive factor for adoption was identified in Ethereum’s Dencun update, a real milestone with respect to transaction costs on the network and L2s, where fees would be down, generally, by 94 percent.
“We seem to be at a turning point for crypto infrastructure, which has rapidly advanced blockchain scalability and will unlock new possibilities for applications and user activity,” said, in an interview with The Block, Daren Matsuoka, data scientist at a16z crypto. “The sharp drop in fees on user transactions has helped stablecoins find a new positioning, and on the NFT side the change is also interesting, with affordable live collections and a stop to purely speculative activity.”
Finally, there is no forgetting theimpact of ETFs, which have influenced several traditional financial players but also the retali market reaching today a cumulative volume since January 2024 of $437.6 billion.
