Silicon Valley venture capital firm Andreessen Horowitz (a16z) has released a new “State of Crypto” report, highlighting developments in the crypto ecosystem. According to Cryptopolitan, the new report shows that the crypto industry is steadily moving towards greater adoption and innovation, and the following are some of the key takeaways from the report:
- The number of NFT buyers is increasing again. DEXs are trading over $100B despite volatility.
- Web3’s structurally lower take rates are attracting both users and content creators.
- With nearly 50,000 unique addresses deploying smart contracts last month, we have seen a continued improvement.
- Uniswap has had higher trading volume than the largest centralized crypto asset platform in the U.S. for the past two consecutive months.
- Despite the fluctuations in the market, there are about 30,000 monthly active developers.
- Between 2018 and 2022, the proportion of U.S.-based crypto developers dropped by 26% compared to the rest of the world.
