The a16z Show State of Crypto 2024: Builder Energy, U.S. Election, Stablecoins, AI, More
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Oct 29, 2024 
Daren Matsuoka, lead data scientist at a16z crypto and author of the State of Crypto report, and Eddy Lazzarin, CTO at a16z crypto, dive into the latest trends shaping cryptocurrency in 2024. They discuss the growth of active crypto users while tackling the challenges of data integrity. With insights on stablecoins, the evolving blockchain infrastructure, and the growing impact of cryptocurrency in U.S. elections, they illustrate a thriving ecosystem. The conversation highlights innovations driven by emerging technologies like AI and the enthusiasm among builders in the crypto space.
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Estimating Real Crypto Users
- Filter active addresses by on-chain behavior to estimate real users, not bots.
- Consider factors like transaction frequency, zero balances, and identity protocols.
Measuring Crypto User Growth
- Estimating crypto users aims for an order-of-magnitude range to track growth.
- Measuring attentional capacity, rather than just humans, might be more relevant.
Solana's Active Addresses
- Solana has the most active addresses due to low transaction costs, attracting bots.
- Base and Bitcoin also saw increased activity and builder interest.