Crypto Enthusiasm Peaks In 2024: Andreessen Horowitz Reports Record Activity Levels

Quick Summary:

The digital assets landscape is becoming increasingly mainstream, as detailed in the annual “State of Crypto” report published by venture capital firm Andreessen Horowitz.  The report emphasizes the growing international market for stablecoins, the maturation of infrastructure, and a notable decline in transaction fees, all contributing to a surge in crypto activity throughout the year.

However, the report further reveals a notable increase in active monthly addresses, which soared to 220 million in 2024, a substantial rise from below 100 million in 2023.

Ultimately, the report attributes this cost reduction to a “maturing” digital asset infrastructure, which includes new blockchains and increased interoperability.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryArgentina

Topics: Crypto regulation Crypto Cryptocurrency Crypto News DeFi Crypto news Digital currency Cryptocurrencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 12:00:33 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23102490

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Main Topics: Crypto

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News Last Updated: 9 hours ago

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