The first highlight of the a16z report is precisely the growing adoption of cryptocurrencies around the world. In total, there are more than 220 million monthly active addresses, a record.
“The explosion in activity is mainly due to Solana, which accounted for around 100 million active addresses.”
Number of active cryptocurrency addresses (in orange) vs number of internet users (in green). Source: a16z/Reproduction.
As can be seen in the graph above, the data is very similar to the growth in the number of internet users in the early 1990s. The expectation is that the 1 billion mark will be reached in 2031.
Stablecoins processed more money than Visa
Another noteworthy fact is the growth of stablecoins. According to the report, although stablecoins process fewer transactions than Visa, they already process a net volume twice as large as the card giant.
“Stablecoins facilitate the transfer of value. They accounted for $8.5 trillion in transaction volume across 1.1 billion transactions in Q2 2024, which ended June 30.”
“Stablecoin transaction volumes have more than doubled Visa’s $3.9 trillion in transactions over the same period,” the cap notes. “The fact that stablecoins have entered the same conversation as such well-known and established payment services as Visa, PayPal, ACH, and Fedwire is a remarkable testament to their utility.”
Analyzing this important and interesting factor, it is precisely the explosive adoption of stablecoins, this shows the need for trust and speed in transactions that, in turn, are taking the place of the era of known payment systems, we are witnessing the revolution of these systems and whoever is faster on the trigger will come out ahead.
SEE HOW INTERESTING, THIS INFORMATION IS OF EXTREME IMPORTANCE AND VERY RELEVANT FOR XRP HOLDERS, where the adoption of its own stablecoin is in the testing phase and there are already exchange partners for commercialization.
Friends, stay tuned, something very extraordinary is about to happen.