Crypto monthly active addresses are hitting all-time highs: A16z
Gaming and social are dominating as two big crypto use cases, per a new report from Andreessen Horowitz.
The State of Crypto 2024 report also revealed that DeFi has the largest number of daily active addresses, though stablecoins are a close second — 34% to 32%. Infrastructure takes third, with roughly 14%.
This cycle is also seeing continued growth, with monthly active addresses hitting an all-time high of 220 million and representing “growth reminiscent of early internet adoption.” Among these addresses, Solana and Base are the most active, with EVM chains accounting for 52 million addresses, while other chains have 174 million.
Read more: A16z is placing a bet on Solana gaming
Breaking that down further, only about 10% of…
