with @DarenMatsuoka @rhhackett
Today we've got a midyear market update and news episode for you.
At the end of last year, our guest — and resident data weatherman — Daren Matsuoka put out a post on "5 metrics to watch in 2025." Most of the metrics that Daren picked measure how crypto's adoption: from mobile wallet usage and onchain transaction fees to volume across stablecoins, decentralized exchanges (or DEXs), and exchange traded-products. Now that we're about midway through 2025, it's a great time for an update.
Timestamps:
(0:00) Introduction
(2:27) Chart 1: Monthly Mobile Wallet Users
(6:16) Chart 2: Adjusted Stablecoin Transaction Volume
(10:01) Chart 3: ETF Net Flows for Bitcoin and Ethereum
(13:30) Chart 4: Decentralized vs Centralized Exchange Volume
(15:50) Chart 5: Total Transaction Fees
(21:46) Emerging Metrics and Industry Insights
(25:07) Recent Industry News and Developments
(27:13) Conclusion
Relevant news:
If you enjoyed this episode, stay tuned for our annual big State of Crypto Report, which we'll drop in the fall. If you want more from Daren, you can follow him @DarenMatsuoka on X or visit a16zcrypto.com to read his posts, including the one we talked about today.
***
As a reminder, none of the content should be taken as investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information, including a link to a list of our investments.
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com