Crypto Active Addresses Hit All-Time Highs in 2024

The Surge of Cryptocurrency Usage in 2023

According to a recent research report by a16z crypto, the cryptocurrency landscape has seen unprecedented growth this year, reflected in the soaring number of active addresses and user engagement. As of September, an impressive 617 million cryptocurrency holders have been identified globally, highlighting a significant expansion of the crypto ecosystem.

Growing Active Users and Future Predictions

This year, approximately 60 million users are active on a monthly basis, indicating a vibrant marketplace. Furthermore, projections for 2024 predict that the number of monthly active crypto addresses will surpass 220 million, underscoring the rapid evolution of this digital domain.

Leading Chains in the Cryptocurrency Space

Within the Ethereum EVM chains, Base currently leads the pack with 22 million addresses, while the Solana blockchain is making waves in the non-EVM space with over 100 million addresses. This distribution emphasizes the growing diversity among blockchain technologies and their respective user bases.

The Rise of Mobile Wallet Users

Another noteworthy trend this year is the explosion in the number of mobile wallet users. The United States captures a significant share of this growth, accounting for 12% of global mobile wallet users. This highlights the increasing reliance on mobile technology for managing cryptocurrencies.

Conclusion

The findings from a16z crypto underscore a crucial turning point for the cryptocurrency industry, marked by increasing adoption, diversification of platforms, and a shift towards mobile transactions. As the market continues to evolve, it's essential for stakeholders to remain informed and engaged in exploring these developments.

Key Takeaways

• 617 million cryptocurrency holders globally.
• 60 million active users per month.
• Forecast to exceed 220 million monthly active addresses in 2024.
• Base leads Ethereum EVM chains with 22 million addresses.
• Solana dominates non-EVM chains with over 100 million addresses.
• The U.S. accounts for 12% of mobile wallet users globally.