On-chain is heating up. 🔥
@a16zcrypto just dropped their State of Crypto 2025 - and the numbers are wild.
🧠 40–70M active crypto users, up +10M from last year
🌍 716M total crypto owners
📱 Wallet growth booming in emerging markets (Argentina, India, Nigeria, Colombia)
💰 Meanwhile, developed nations still lead in trading & speculation
Bitcoin still owns 50%+ of the market cap, but onchain activity is shifting Solana + Hyperliquid now drive 53% of real economic activity.
The cycle’s evolving


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