Crypto Hits Unprecedented Growth: 7 Major Findings From 2024 Report
Portfolio Pulse from Ivan Crnogatić
The 2024 State of Crypto Report by a16z crypto highlights unprecedented growth in the crypto industry, with record activity, political relevance, and infrastructure improvements. Key findings include the rise of stablecoins, DeFi growth, and the intersection of crypto with AI.
October 17, 2024 | 2:34 pm
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Stablecoins have surpassed Visa's transaction volume, with $8.5 trillion in Q2 2024, more than double Visa's $3.9 trillion. This highlights the growing competition from crypto in the payments space.
The report indicates that stablecoins have significantly higher transaction volumes than Visa, suggesting a shift in the payments landscape. This could pressure Visa's market share and growth prospects.
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